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Death Taxes: Amounts levied on the property of the deceased, such as estate taxes (federal) and inheritance taxes (state).

Debt to Income Ratio: Ratio (percentage) that compares an individual's current monthly or quarterly debt service requirements, plus the principal and interest payment of the new loan requested from the Bank, to the individual's gross or net income.

Decedent: A deceased individual.

Deed of Trust: Used in some states in place of a mortgage. A Deed of Trust is a document used to grant a collateral interest in real property. The owner(s) of the property must sign it. The Deed of Trust provides that if that if a borrower defaults on the loan, then the bank's trustee has the right to sell the property and apply the proceeds toward payment of the indebtedness secured by the Deed of Trust.

Deed: A written document, properly signed and delivered, that conveys title to real property. Common deeds are: Quit Claim Deeds, Warranty Deeds, Trust Deeds and Special Warranty Deeds.

Deletion Allowance: Recognition for income tax purposes of the diminution in value resulting from the exhaustion of a natural resource. Either "cost" or "statutory" depletion is taken.

Deposit Address: The Credit Union address to which you can mail deposits for any account.

Detached Housing: A residential building in which each dwelling unit is surrounded by freestanding walls and is generally situated on a separate lot.

Direct Deposit: This service is a valuable and FREE feature of our checking accounts, but can be applied to our regular savings/share account as well. Direct Deposit offers a time-saving, convenient way for paychecks, government checks and investment earnings to be automatically deposited into the member’s account without delay. In fact, the money is available on the morning of payday, often before members receive their pay stubs. The employee authorizes their company to set up their Direct Deposit and provides the necessary information (Routing & Account number) for the financial institution of their choice. The money (usually their net paycheck) is then transferred electronically per pay period to the Federal Reserves Automated Clearing House (ACH) by the employer. Then the Automated Clearing House electronically transfers to each institution designated to receive the funds per the employer/employees instructions.

Disbursement Request and Authorization: An approval document that the borrower signs to authorize and direct disbursement of the loan proceeds.

Discharge in Bankruptcy: The release of a bankrupt party from the obligation to repay debts that were, or might have been, proved in a bankruptcy proceeding.

Disclosure Statement: A written statement given to each borrower required by the Regulation Z, in which certain terms of the Borrower's obligation are explained and described in a format required by the Federal Reserve Board.

Discretionary Trust: A trust that allows the trustee to distribute or withhold distribution of the trust's income and/or principal to beneficiaries at the trustee's discretion.

Disposition: The transfer of property to beneficiaries.

Distributable Estate: The probated estate, less expenses and taxes.

Division or Transfer Order: A contract sent to all owners of minerals under a producing property setting forth legal description of property and the designation of each owner's interest in the lease.

Drive-By Appraisal: Physical inspection of real estate (outside only), including the surrounding area.

Durable Health Care Power of Attorney: Special power of attorney in which the maker gives another person authority to make health care decisions when the maker is unable to do so, due to injury or illness.

Durable Power of Attorney: General power of attorney that continues to be valid after the maker becomes incapacitated or incompetent.

Dwelling: Residential structure that contains 1-4 units, which may or may not be attached to real property.