Delta Community Credit Union Review: Membership With Perks
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Reward Points
5.0
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Rates
5.0
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Breadth of Products
5.0
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Service Area
4.0
Pros
- No monthly account maintenance fees
- Higher-than-average interest rates
- Owned by members, not shareholders
Cons
- Membership requirement based on where you live or work
- Limited branch locations -- 23 in Atlanta metro area
About Delta Community Credit Union
Delta Community Credit Union was founded in 1940 by eight employees of Delta Air Lines. They used $45 in capital to open the credit union. Now, it is Georgia’s largest credit union and one of the 30 largest in the country, with over 428,000 members. Membership is open to Delta Air Lines employees as well as employees of over 140 other businesses and those who live or work in the 14-county metro Atlanta area. GOBankingRates has ranked it as one of the Best Credit Unions of 2021.
As a credit union, Delta Community Credit Union is owned by its members, not by shareholders, giving it the ability to offer more benefits to members. Membership is limited to those who live in the 14 counties that make up the metro Atlanta area, or who are employees of Delta Air Lines or another of dozens of Georgia-based companies, or who are members of certain Georgia-based associations. Relatives of those who meet these criteria are also eligible for membership.
Deposits at credit unions are not FDIC-insured, but they are insured by the National Credit Union Administration up to $250,000.
Delta Community Credit Union Products
You’ll find just about any financial product you might need at Delta, including loans, insurance and investing. Here are the banking products Delta offers:
| Type | Best For |
|---|---|
| Checking Account | Debit card rewards points |
| Savings Account | Interest on all deposits |
| Money Market Account | Higher interest on higher balances |
| CD | Above average interest rates |
Delta Community Credit Union Checking Account
Delta Community Credit Union offers the Personal Checking Account as well as the Teen Checking Account.
Bank customers earn rewards points for purchases made on their Visa Personal Debit card as well as on their credit cards. You can earn one point for every $3 you spend on eligible purchases, which are purchases you sign for vs. those for which you use your PIN.
Features
- No monthly service fee, even if you don’t have direct deposit
- Rewards points earned on debit card purchases
- Earns interest of 0.01% annual percentage yield on balances of $5,000-$24,999.99 and 0.02% APY on balances over $25,000
- Automatic overdraft protection from savings moves funds from savings account to avoid overdraft fees and returned checks
Pros
- No monthly maintenance fees
- No minimum balance required
- Visa debit card with rewards points
Cons
- Interest only earned on a balance over $5,000
Delta Community Credit Union Savings Account
Delta Community Credit Union members can open the Personal Savings Account with just a $5 initial deposit.
Features
- Interest rate of 0.08% APY from the first deposit
- Just $5 to open and maintain the savings account
Pros
- Interest earned on every dollar
- Through Dec. 31, kids have the chance to win $100 by depositing $50 in their savings account
Cons
- Low balance/inactivity fee of $5 if you have less than $60 in your account and have no transactions for six months
Delta Community Credit Union Money Market Account
The Money Market Account from Delta Community Credit earns a competitive rate of interest starting at 0.20% APY. Balances of $100,000 and above earn 0.50%.
Features
- $1,000 minimum balance
- Flexibility to deposit and withdraw funds within limits
Pros
- Competitive interest rates
- Higher interest rates for higher balances
Cons
- Limit of six withdrawals per month
Delta Community Credit Union Certificates of Deposit
Because credit unions are not-for-profit institutions, they can often offer higher interest rates than publicly-traded banks that must provide a return for their investors. As an example, CD rates at Delta Community Credit Union are as high as 1.35% APY for a 60-month CD.
Features
- Guaranteed interest rate
- Terms from six to 60 months
- Penalty for withdrawal before maturity
Pros
- Competitive interest rates
- Low minimum opening deposit of $1,000
- Interest compounds monthly and can be transferred to a checking or savings account
Cons
- Early withdrawal penalty of 60 to 270 days’ interest, depending on the term
Banking Experience
Banking at Delta Community Credit Union provides all the products and features most people need. Branches are few and far between and are concentrated in the metro Atlanta area, so you’ll need to be comfortable with mobile and online banking if you’re outside that area. But the interest rates may more than make up for the scarce branches.
Technology
Delta Community Credit Union has a robust mobile app, which is important because the number of branches is limited. But you can use the mobile app to perform just about any banking transaction, including:
- Checking your balance
- Making a deposit
- Transferring funds between accounts
- Locating a branch or ATM, including surcharge-free and deposit-taking ATMs
- Paying bills, including your Delta Community Credit Union Visa, personal loan, auto loan or mortgage
How To Make a Deposit
To make a deposit into your Delta Community Credit Union account, you can:
- Walk into a branch
- Go to a Delta Community Credit Union ATM
- Use the Delta Community Credit Union mobile app
Key Information
Customer Service Hours: 24 hours
Customer Service Number: 800-544-3328
Routing Number: 261071315
Delta Community Credit Union Fees
| Type | Amount |
|---|---|
| Overdraft | $35 |
| Stop Payment | $25 |
| Returned Deposited Item | $15 |
| Excessive Transfer (more than 6 per month) | $20 |
| Money Orders | $5 |
Delta Community Credit Union vs. Competitors
Here’s how Delta Community Credit Union stacks up to other banks you may be considering.
| Bank | Best For |
|---|---|
| Delta Community Credit Union | Range of products and services |
| Navy Federal Credit Union | Military personnel and their families |
| Georgia’s Own Credit Union | Promotional offers |
Delta Community Credit Union vs. Navy Federal Credit Union
Navy Federal Credit Union requires that you be active or retired military, or a family member, to be eligible for membership, and active duty military get a 0.25% reduction in the interest rate on some loans. Membership in Delta Community Credit Union isn’t restricted to military personnel. It’s available to anyone who lives in the 14 metro Atlanta counties, plus employees of Delta Air Lines and their families.
Delta Community Credit Union vs. Georgia’s Own Credit Union
Georgia’s Own Credit Union runs promotional offers on a number of its products. But it lacks many of Delta Community Credit Union’s expanded, non-banking services, such as access to Certified Financial Planners to help you get a handle on your entire financial picture, including spending, saving, investing and planning for education or retirement.
Final Take
One difference between banks and credit unions is that you have to qualify for credit union membership. For those who do, Delta Community Credit Union is a solid choice for full service banking. You can have all your accounts in one place and even get financial planning advice. You also get fee-free accounts and very good interest rates. The teen and student accounts are a good way to help your teenaged children learn how to manage money.
Editor’s Favorite
The DCCU Visa debit card offers rewards points. When you use it like a credit card by signing for your purchase instead of entering your PIN, you get one reward point for every $3 you spend. These points add up, and they can be combined with the points you earn on your Delta Community Visa credit card, which earns one point per dollar on eligible purchases. You can also get bonus points in select categories, and your points can be gifted to friends or family.
Delta Community Credit Union FAQ
Here are answers to some of Delta Community Credit Union's more commonly asked questions.- Is Delta Community Credit Union affiliated with Delta Air Lines?
- DCCU was founded as a credit union for Delta Airlines employees. DCCU supports the Delta Employee and Retiree Care Fund and the Delta Scholarship Fund but is a separate entity from the airline.
- Who can join Delta Community Credit Union?
- To become a member of DCCU, you or a family member must be a Delta Air Lines employee, an employee of one of over 140 other Atlanta-area businesses, a member of certain Atlanta-area associations, or live or work in the 14-county metro Atlanta area.
- Does Zelle work with Delta Community Credit Union?
- Yes. You can use Zelle to send and receive money with your DCCU mobile app or via online banking.
- Is Delta Community Credit Union FDIC insured?
- No. Like other credit unions, deposits at DCCU are not FDIC-insured, but they are insured up to $250,000 by the NCUA, which is the credit-union equivalent to the FDIC.
- Does Delta Community Credit Union offer free money for signing up for an account?
- No current promotions are offering free money for opening an account, but Youth Savings Account customers can win $100 in the 2020 Delta Community Youth Savings Sweepstakes through Dec. 31.
Cynthia Measom contributed to the reporting in this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 1, 2020.
This content is not provided by Delta Community Credit Union. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Delta Community Credit Union.
