Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
1075 Silver Lake Blvd
Dover, DE 19904-2411

Dover Credit Union is headquartered in Dover and is the largest credit union in the state of Delaware. It is also the 536th largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 87 employees and 38,944 members. Dover Credit Union has a A health rating.

Field of Membership Restrictions

Must be a military personnel of the U.S. Government with duty location in Delaware. Also open to employees of Dover Air Force Base, Bayhealth or Dover Downs; and employees and members of over 400 Business Partners. - See Details

Related Posts

Reviews (1)

Wonderful Service

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!


Data for Q4 2013

Institution Health


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, 2013 Dover Credit Union had $2.25 million in non-current loans and owned real-estate with $39.19 million in equity and loan loss allowances on hand to cover it. This gives Dover Credit Union a Texas Ratio of 5.74% 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 decreased slightly from 6.94% as of December 31, 2012 to 5.74% as of December 31, 2013, resulting in a positive change of 17.22%.This indicates that the balance sheet and financial strength for Dover Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Dover Credit Union has increased its total deposits by $8.02 million, resulting in 2.31% 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 above average.



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 $395.16 million in assets with $39.19 million in equity, resulting in a capitalization level of 9.92%, which is above average.

Institution Statistics

NCUA #12443
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$395.16 million
Loans$167.98 million
Deposits$355.93 million
Equity Capital$36.67 million
Loan Loss Allowance$2.52 million
Unbacked Noncurrent Loans$2.25 million
Real Estate Owned$0
Historic Data - December 2012
Assets$389.91 million
Equity Capital$40.29 million
Loan Loss Allowance$2.36 million
Unbacked Noncurrent Loans$2.25 million
Real Estate Owned$54,000
Profit Margin - Quarterly
Net Interest Margin4.55%
Return on Assets0.76%
Return on Equity8.15%
Interest Income$11.54 million

Always verify rates and promotions with the bank or credit union. We are not Dover Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Dover Credit Union Savings Account Rates

0.13%$500-$uper $aver Share Account
0.10%$100-Share Savings
0.10%$100-Vacation Club
0.10%$100-Christmas Club
0.10%--Kids Making Cents Club
0.10%--#MyCash, Teen Program
0.10%$100-I.R.A. Share
0.10%$100-Roth I.R.A. Share
0.10%$100-Coverdell ESA
0.05%$100-Business Share Savings

Dover Credit Union Money Market Rates

0.35%$250k-Money Market Account
0.10%$50k-Business Money Market

Dover Credit Union Checking Account Rates

0.05%$500-Checking Account

Dover Credit Union CD Rates

1.75%$500-5-Year Share Certificate
1.45%$1k-28-Month Share Certificate Special
1.15%$500-4-Year Share Certificate
1.00%$500-36-Month Share Certificate
0.75%$500-24-Month Share Certificate
0.75%$500-30-Month Share Certificate
0.65%$500-Business 36-Month Share Certificate
0.45%$500-12-Month Share Certificate
0.45%$500-18-Month Share Certificate
0.40%$500-Business 24-Month Share Certificate
0.25%$1k-6-Month Share Certificate
0.25%$500-Business 12-Month Share Certificate

Dover Credit Union IRA Rates

1.75%$2k-5 Year IRA Share Certificate (Traditional,Roth,CESA)
1.15%$2k-4 Year IRA Share Certificate (Traditional,Roth,CESA)
1.00%$2k-3 Year IRA Share Certificate (Traditional,Roth,CESA)
0.75%$2k-2 Year IRA Share Certificate (Traditional,Roth,CESA)
0.45%$2k-1 Year IRA Share Certificate (Traditional,Roth,CESA)

Dover Credit Union Locations
Branch Office225 Saulsbury RdDover, DE 19904-2720
Branch Office255 N DuPont HwyDover, DE 19901-7509
Branch Office264 Chad StDover Air Force Base, DE 19902-5012
Branch Office643 N DuPont BlvdMilford, DE 19963-1098
Branch Office499 Pulaski HwyNew Castle, DE 19720
Branch Office1075 Silver Lake BlvdDover, DE 19904-2411
Branch Office7 W Glenwood AveSmyrna, DE 19977-1106