They are VERY VERY creative in the way they use your IRA money to make money for THEMSELVES by loading you up with F share Money Market Funds that are classified as "12B1" which means the fund has an already high load (costs & fee's) to you PLUS DCU Financial also gets a CUT with an additional commission that you'll never see or figure out.
I only found out by accident when I decided to move my entire retirement acct. To another company and that company would not accept this one particular fund, which ironically was my highest holding fund, and not by accident. The other institution said it could not accept the fund because it was a Class F 12B1 fund and someone was earmarked for getting a commission, " which was DCU Financial ". They were ripping me off for over 4 years and I'm certain they are doing this to everyone else because unless you know someone that knows how to research this stuff you'll never know.
I'll be filing formal complaints with the Mass. Banking Regulators, DCU Board of Directors, and the Mass. Attny. General for Fraud and Theft by Deception.
If you have them doing your retirement beware!!! Look thru all your Mutual Fund holdings and have someone research "every F Fund" in your account.
I also cancelled all of my and my kids checking/savings / and VISA accounts at Digital Credit Union also.
The only people worse than someone that's stealing from old people's retirement money is someone that steals jewelry and gold teeth from dead people.
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