The main categories of services provided to members are loan granting and savings through shares account. Dacia Hunedoara’s loan offer includes:

• traditional loans, which, as their name suggests, have a tradition of over 40 years. Their value is determined as a multiplier of members share account.
• optional loans, introduced more recently in credit union’s offer at members’ demand. Their value is determined by each member’s creditworthiness and does not depend on share account. They are highly appreciated especially by newer members who do not have high share accounts and due to the promptness they are granted, thus helping members overcome immediate financing needs.

Constantly, Dacia Hunedoara tried to come in its members support by rescheduling loans when reimbursement became difficult. Starting January 2011, at the Credit Union Association from Hunedoara County’s suggestion, we have adopted a policy of continuous decrease of loans’ interest rate. Loans within the limits of share accounts have been promoted, having a discounted interest rate. Due to management’s efforts, the adequate liquidity level is permanently kept, loans being rapidly granted.

The regulations regarding burial-aid have been modified in order to include members’ first degree relatives, even if they are not members themselves.

Dacia Hunedoara Credit Union is a non-banking institution with a history of over 40 years. It was founded in 1962 by a group of employees from the education system.

In 1972, due to consolidation movement of the system, it absorbed other smaller, less performing local credit unions, thus becoming one of the first credit unions in the county who implemented the use of modern hardware, available at that time in members accounting management and internal management.

Until the end of 1989 it had been under the administration of Hunedoara Unions municipal Council, and in January 1990 it was affiliated to Credit Union Association of Hunedoara County. Since then it has benefited from Association’s methodological guidance, surveillance and control and support in merging processes with other smaller credit unions. Currently, it is registered in National Bank’s evidence register of non-banking institutions.

Dacia credit union serves about 2500 members who are employees in various areas of activity such as: education, local administration, healthcare and different companies.

A well prepared personnel ensures credit union’s activity. In order to provide top quality services to members, the employees periodically follow training programs organised by the Credit Union Association from Hunedoara County in association with Romanian Banking Institute.

The board of directors, the employees and the revision commission are constantly preoccupied on offering best suited services to members, as well as developing new ones. Therefore, there is a permanent dialogue with them, their needs being the ground level of provided services.

A young team who benefits from their predecessors’ experience of over 40 years ensures a good management, reporting their members great financial results, altogether with a friendly and welcoming environment may be good arguments for other citizens of Hunedoara to become members of this credit union.