Average User Rating:
4 star rating based on 1 review.

Dover Credit Union

1075 Silver Lake Blvd.
Dover, DE 19904
888-818-3328
www.doverfcu.com

NCUA

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Dover Credit Union is headquartered in Dover and is the largest credit union in the state of Delaware. It is also the 525^th largest credit union in the nation. It was established in 1958 and as of December of 2012, it had grown to 87 employees and 38,191 members. Dover Credit Union has a 5-star health rating.

Top Long-Term CD Rates at Dover Federal Credit Union in Delaware - 8/22/2012

Dover Federal Credit Union is offering some very competitive long-term CD and IRA CD rates. Minimum deposit is $500 for CDs and $2,000 for the IRA CDs. Below are the best CD rates as listed in the cre ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Dover Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$500	-	Checking Account

Dover Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	$500	-	$uper $aver Share Account
0.30%	$100	-	I.R.A. Share
0.30%	$100	-	Roth I.R.A. Share
0.30%	$100	-	Coverdell ESA
0.25%	$100	-	Share Savings
0.25%	$100	-	Vacation Club
0.25%	$100	-	Christmas Club
0.25%	-	-	Kids Making Cents Club
0.25%	-	-	$$MX, Money to the Max

Dover Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.40%	$25k	-	Money Market Account

Dover Credit Union CD Rates

Apy	Min	Max	Product
1.35%	$500	-	5-Year Share Certificate
1.10%	$500	-	4-Year Share Certificate
0.85%	$500	-	36-Month Share Certificate
0.60%	$500	-	24-Month Share Certificate
0.60%	$500	-	30-Month Share Certificate
0.45%	$500	-	12-Month Share Certificate
0.45%	$500	-	18-Month Share Certificate
0.40%	$1k	-	6-Month Share Certificate

Dover Credit Union IRA Rates

Apy	Min	Max	Product
1.35%	$2k	-	5 Year IRA Share Certificate
1.35%	$2k	-	5 Year Roth IRA Share Certificate
1.35%	$2k	-	5 Year Coverdell ESA
1.10%	$2k	-	4 Year IRA Share Certificate
1.10%	$2k	-	4 Year Roth IRA Share Certificate
1.10%	$2k	-	4 Year Coverdell ESA
0.85%	$2k	-	3 Year IRA Share Certificate
0.85%	$2k	-	3 Year Roth IRA Share Certificate
0.85%	$2k	-	3 Year Coverdell ESA
0.60%	$2k	-	2 Year IRA Share Certificate
0.60%	$2k	-	2 Year Roth IRA Share Certificate
0.60%	$2k	-	2 Year Coverdell ESA
0.45%	$2k	-	1 Year IRA Share Certificate
0.45%	$2k	-	1 Year Roth IRA Share Certificate
0.45%	$2k	-	1 Year Coverdell ESA

Rates updated: 6/18/2013

Data for Q4 2012

Institution Statistics

DOVER
NCUA #	12443
BankRate Report	View
Year Chartered	1958
Employees	87
Primary Regulator
Assets and Liabilities
Assets	$389.91 million
Loans	$146.35 million
Deposits	$347.91 million
Equity Capital	$40.29 million
Loan Loss Allowance	$2.36 million
Unbacked Noncurrent Loans	$2.91 million
Real Estate Owned	$54,000
Historic Data - December 2011
Assets	$347.21 million
Equity Capital	$37.71 million
Loan Loss Allowance	$1.94 million
Unbacked Noncurrent Loans	$2.82 million
Real Estate Owned	$62,000
Profit Margin - Quarterly
Net Interest Margin	4.74%
Return on Assets	0.66%
Return on Equity	6.39%
Interest Income	$11.45 million
Non-Interest Income	$5.51 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Dover Credit Union had $2.96 million in non-current loans and owned real-estate with $42.65 million in equity and loan loss allowances on hand to cover it. This gives Dover Credit Union a Texas Ratio of 6.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Dover Credit Union held steady from 7.27% as of December 31, 2011 to 6.94% as of December 31, 2012, resulting in a positive change of 4.58%.This indicates that the balance sheet and financial strength for Dover Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Dover Credit Union has increased its total deposits by $40.54 million, resulting in 13.19% 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 Dover Credit Union has shown is excellent.
Capitalization
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. Dover Credit Union has $389.91 million in assets with $42.65 million in equity, resulting in a capitalization level of 10.94%, which is above average.

Wonderful Service
4 stars

- Crikee02 - Tuesday, February 22, 2011 - 5:37 PM

I have been a member with Dover Federal Credit Union for over 5 years now and I must say that I am very pleased with this institution. They have wonderful representatives from the tellers who will help you with your everyday transactions to the member services reps who are so knowledgeable about all the products they have to offer from mortgages to signature loans. If you are in the neighborhood and are looking for and honest bank with high quality standards, then Dover FCU is for you!

Dover Credit Union

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