Dover Federal Credit Union


Overview / Commentary
302-678-8000
1075 Silver Lake Blvd
Dover, DE 19904

Dover Federal Credit Union is headquartered in Dover and is the 2nd largest credit union in the state of Delaware. It is also the 595th largest credit union in the nation. It was established in 1958 and as of March of 2024, it had grown to 140 employees and 44,542 members at 9 locations. Dover Federal Credit Union's CD rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Dover Federal Credit Union is open to anyone by joining the Friends of Bombay Hook. Membership is also open to military personnel of the U.S. government with duty location in Delaware, employees of Dover Air Force Base, Bayhealth, Dover Downs and over 400 Business Partners.
See current membership details

Reviews (2)

Dover Credit

Posted by: |

I filled out a form to apply for the credit card because of its low APR. After filling it out, they sent me an email that it was pre-approved. Then they did a Hard Inquiry and sent me a congratulations email. It seems absurd to me that after they pre-approve the application, and they do the Hard Inquiry, they force me to open an account and see if I can be a member to continue with the process and since I refused, they sent me a letter saying that I had been denied. I think that this way of getting clients is Not professional. They must first ask if I want to have an account with them before making the Hard inquiry. Grateful for denying me the card, so I have less expenses

Horrible Bank

Posted by: |

this bank is horrible they charge a convenience fee for calling in to pay my truck payment that is 12.95 it look me almost two hours to get someone on the phone what is convenient about that. Then is took three days to get an account number so i could pay my truck payment on line and the website makes you go to another site just to pay with external account it was a night mare and get this they charge you 4.95 convenience fee to pay your truck payment. the staff on the phone is rude and they offer no convenience unless you live right next to the bank. ive been in the military for 15 years and I tell all my soldiers to stay away from this scam of a bank



Health
B+

Health Grade Components

Overall
NCUA #12443
Year Chartered1958
Employees140
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD8.15%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$703.7MM$658.2MM
LoansQ1 2024vs Q1 2023$535.8MM$523.3MM
DepositsQ1 2024vs Q1 2023$633.6MM$613.3MM
Equity CapitalQ1 2024vs Q1 2023$48.5MM$44.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5MM$4.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$4.5MM$2.8MM
Real Estate OwnedQ1 2024vs Q1 2023$0$53K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Dover Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Dover Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$0$50kHigh Yield Savings
OTHER TIERS: 0.50% $250k+ | 1.25% $100k - $250k | 1.50% $50k - $100k
0.10%$0-Share Savings
0.10%$0-Christmas Club
0.10%$0-Kids Making Cents Club
0.10%$0-#MyCash
0.10%$0-IRA Share Savings
0.10%$100-Business Share Savings

Dover Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$100k*-Business Money Market
OTHER TIERS: 2.00% $1k - $50k | 2.75% $50k - $100k
0.25%*$250k*-Money Market Account
OTHER TIERS: 0.10% $1k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k

Dover Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.65%*$0$1.5kInterest Checking
OTHER TIERS: 0.10% $1.5k+
0.01%$500-Awesome Checking
0.01%$500-Advantage Checking

Dover Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-9 Month Share Certificate
5.00%$500-Business 9 Month Share Certificate
4.75%$500-11 Month Share Certificate
4.75%$500-Business 11 Month Share Certificate
4.50%$500-1 Year Share Certificate
4.50%$500-Business 12 Month Share Certificate
3.75%$500-15 Month Share Certificate
3.75%$500-Business 15 Month Share Certificate
3.50%$500-6-Month Share Certificate
3.00%$500-2 Year Share Certificate
3.00%$500-Business 24 Month Share Certificate
2.00%$500-3 Year Share Certificate
2.00%$500-4 Year Share Certificate
2.00%$500-5 Year Share Certificate
2.00%$500-Business 36-Month Share Certificate
2.00%$500-Business 48 Month Share Certificate
2.00%$500-Business 60 Month Share Certificate
0.01%$500-18 Month Share Certificate
0.01%$500-30 Month Share Certificate

Dover Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-9 Month IRA Share Certificate
4.75%$500-11 Month IRA Share Certificate
4.50%$500-1 Year IRA Share Certificate
3.75%$500-15 Month IRA Share Certificate
3.00%$500-2 Year IRA Share Certificate
2.00%$500-3 Year IRA Share Certificate
2.00%$500-4 Year IRA Share Certificate
2.00%$500-5 Year IRA Share Certificate
Locations


Dover Federal Credit Union Locations
Branch Office225 Saulsbury RdDover, DE 19904-2720
Branch Office255 N DuPont HwyDover, DE 19901-7509
Branch Office418 Atlantic StreetDover Air Force Base, DE 19902
Branch Office643 N DuPont BlvdMilford, DE 19963-1098
Branch Office499 Pulaski HwyNew Castle, DE 19720
Branch Office1075 Silver Lake BlvdDover, DE 19904-2411
Branch Office436 W Glenwood AveSmyrna, DE 19977-1006
Branch Office330 Dove Run Centre DrMiddletown, DE 19709
Branch Office499 Walmart DriveCamden, DE 19934

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