Dover Federal Credit Union is headquartered in Dover and is the 2nd largest credit union in the state of Delaware. It is also the 594th largest credit union in the nation. It was established in 1958 and as of September of 2020, it had grown to 120 employees and 43,043 members at 9 locations. Dover Federal Credit Union has a B+ health rating.
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
I opened up a checking account this morning online, I was shocked at how easy the process was and customer service walked me through each and every step of the way,
There is no long wait time to speak to a customer service representative which I absolutely love. The minimum balance to open online was $5.oo which was even better, The lady I spoke to was really polite and professional considering all the questions and concerns I had. She just really made the process easy and simple. I could not be more pleased at that. Also, all the bank locations are extremely convenient and local. I recommend them!
Was a breeze to open. Only drawback was you have to join Bombay for a one time donation of $15 since out of state. Worth it for the 3.25% return on you money. Just run 12 debits a month pin or non-pin with no dollar limit and elect E statements. Did application online the night before and next day I was set. They give 1st month interest free since you wait 7-14 days for your debit card. Will keep you posted of any problems.
This credit union has great employees that are always willing to help you, even if you have multiple questions regarding your accounts, and do a good job of keeping the line moving quickly. There is never a long wait when contacting them by telephone. The minimums for saving and checking are very low and just one reason a credit union is better than a traditional bank. They don't hesitate to contact you to ensure that any out of the ordinary activity is yours. They have proactively contacted me multiple times regarding unusual transactions and have stopped a transaction that wasn't mine, which I was very thankful for. Adding a checking account after having a savings account with them was pleasant, simple and done within 10 minutes.
Tried to open a checking acct online and after applying the process said a cust service rep would contact me in 24-48 hrs. 3 days later still no contact, tried to call and kept getting a BUSY SIGNAL, finally got through and was placed on hold as the 37th customer in the que! I sent them a message to cancel my app as I already had enough of this joke of a credit union before I ever actually opened an account.
Overall | |
---|---|
NCUA # | 12443 |
Year Chartered | 1958 |
Employees | 120 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.17% |
Return on Equity - YTD | 2.3% |
Annual Interest Income | $14.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $556.1MM$473.8MM |
Loans | Q3 2020vs Q3 2019 | $388.7MM$297.2MM |
Deposits | Q3 2020vs Q3 2019 | $515.4MM$430.0MM |
Equity Capital | Q3 2020vs Q3 2019 | $42.0MM$40.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $4.2MM$4.4MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $2.7MM$2.7MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $334.00K$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.05%* | $100k* | - | Business Money Market | ||
OTHER TIERS: 0.01% → $1k - $100k | |||||
0.01% | $1k | - | Money Market Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $500 | - | Checking Account | |
0.05% | - | - | Kasasa Cash |
Dover Federal Credit Union Locations | ||
---|---|---|
Branch Office | 225 Saulsbury Rd | Dover, DE 19904-2720 |
Branch Office | 255 N DuPont Hwy | Dover, DE 19901-7509 |
Branch Office | 418 Atlantic Street | Dover Air Force Base, DE 19902 |
Branch Office | 643 N DuPont Blvd | Milford, DE 19963-1098 |
Branch Office | 499 Pulaski Hwy | New Castle, DE 19720 |
Branch Office | 1075 Silver Lake Blvd | Dover, DE 19904-2411 |
Branch Office | 436 W Glenwood Ave | Smyrna, DE 19977-1006 |
Branch Office | 330 Dove Run Centre Dr | Middletown, DE 19709 |
Branch Office | 499 Walmart Drive | Camden, DE 19934 |