Dover Credit Union

Dover Credit Union is headquartered in Dover and is the largest credit union in the state of Delaware. It is also the 559^th largest credit union in the nation. It was established in 1958 and as of December of 2011, it had grown to 85 employees and 37,468 members. Dover Credit Union's money market rates are 70% higher than the national average, and it boasts a 5-star health rating.

Dover Credit Union Checking Account Rates

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Dover Credit Union Money Market Rates

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Dover Credit Union IRA Rates

Data for Q4 2011

Institution Statistics DOVER NCUA # 12443 BankRate Report View Year Chartered 1958 Employees 85 Primary Regulator Assets and Liabilities Assets $347.21 million Loans $121.67 million Deposits $307.37 million Equity Capital $37.71 million Loan Loss Allowance $1.94 million Unbacked Noncurrent Loans $2.82 million Real Estate Owned $62,000 Historic Data - December 2010 Assets $327.96 million Equity Capital $35.24 million Loan Loss Allowance $1.51 million Unbacked Noncurrent Loans $2.92 million Profit Margin - Quarterly Net Interest Margin 5.59% Return on Assets 0.52% Return on Equity 4.82% Interest Income $11.57 million Non-Interest Income $4.90 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, 2011 Dover Credit Union had $2.88 million in non-current loans and owned real-estate with $39.65 million in equity and loan loss allowances on hand to cover it. This gives Dover Credit Union a Texas Ratio of 7.27% 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 7.95% as of December 31, 2010 to 7.27% as of December 31, 2011, resulting in a positive change of 8.54%.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 $15.51 million, resulting in 5.32% 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 $347.21 million in assets with $39.65 million in equity, resulting in a capitalization level of 11.42%, which is above average.