Del-One Credit Union is headquartered in Dover and is the 2nd largest credit union in the state of Delaware. It is also the 650th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 99 employees and 44,366 members. Del-One Credit Union has a B+ health rating.
Must live, work, worship or attend school in the Town of Georgetown, City of Milford, City of Newark, City of Wilmington or a selected West Dover area. Also open to employees of the State of Delaware or several selected employer groups. - See Details
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Del-One Credit Union had $5.04 million in non-current loans and owned real-estate with $32.81 million in equity and loan loss allowances on hand to cover it. This gives Del-One Credit Union a Texas Ratio of 15.37% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Del-One Credit Union decreased slightly from 17.85% as of March 31, 2013 to 15.37% as of March 31, 2014, resulting in a positive change of 13.92%.This indicates that the balance sheet and financial strength for Del-One Credit Union has improved slightly in recent periods.
In the past year, Del-One Credit Union has increased its total deposits by $19.76 million, resulting in 7% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Del-One Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Del-One Credit Union has $330.55 million in assets with $32.81 million in equity, resulting in a capitalization level of 9.93%, which is above average.
|Assets and Liabilities|
|Equity Capital||$27.69 million|
|Loan Loss Allowance||$5.12 million|
|Unbacked Noncurrent Loans||$4.70 million|
|Real Estate Owned||$338,000|
|Historic Data - March 2013|
|Equity Capital||$26.23 million|
|Loan Loss Allowance||$4.99 million|
|Unbacked Noncurrent Loans||$4.70 million|
|Real Estate Owned||$725,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.17%|
|Return on Assets||0.73%|
|Return on Equity||8.77%|
|Interest Income||$3.39 million|
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|2.00%||-||$25k||Better Life Checking - Qualifying|
|1.11%||$100k||-||60 Month Jumbo Share Certificate|
|0.95%||$100k||-||36 Month Jumbo Share Certificate|
|0.90%||-||-||60 Month Share Certificate|
|0.75%||-||-||36 Month Share Certificate|
|0.65%||$100k||-||24 Month Jumbo Share Certificate|
|0.55%||$100k||-||18 Month Jumbo Share Certificate|
|0.50%||-||-||24 Month Share Certificate|
|0.50%||$100k||-||12 Month Jumbo Share Certificate|
|0.40%||-||-||18 Month Share Certificate|
|0.40%||$100k||-||6 Month Jumbo Share Certificate|
|0.35%||-||-||12 Month Share Certificate|
|0.25%||-||-||6 Month Share Certificate|
|1.11%||$100k||-||60 Month Jumbo IRA Certificate|
|0.95%||$100k||-||36 Month Jumbo IRA Certificate|
|0.90%||-||-||60 Month IRA Certificate|
|0.75%||-||-||36 Month IRA Certificate|
|0.65%||$100k||-||24 Month Jumbo IRA Certificate|
|0.55%||$100k||-||18 Month Jumbo IRA Certificate|
|0.50%||-||-||24 Month IRA Certificate|
|0.50%||$100k||-||12 Month Jumbo IRA Certificate|
|0.40%||-||-||18 Month IRA Certificate|
|0.40%||$100k||-||6 Month Jumbo IRA Certificate|
|0.35%||-||-||12 Month IRA Certificate|
|0.25%||-||-||6 Month IRA Certificate|
|Del-One Credit Union Locations|
|Branch Office||80 Christiana Rd||New Castle, DE 19720-3118|
|Branch Office||201 Pharmacy Dr||Smyrna, DE 199775813|
|Main Office||270 Beiser Blvd||Dover, DE 19904-7790|
|Branch Office||30 Georgetown Plz||Georgetown, DE 19947-2300|
|Branch Office||824 N Market St Ste 108||Wilmington, DE 19801-4937|
|Branch Office||150 E Water St||Dover, DE 19901-3619|
|Branch Office||100 Credit Union Way||Milford, DE 19963|
|Branch Office||30560 Dupont Blvd||Dagsboro, DE 19939|
|Branch Office||24488 Sussex Hwy||Seaford, DE 19973|