Del-One Federal Credit Union


Del-One Federal Credit Union is a federally chartered credit union headquartered in Dover, Delaware and regulated under the authority of the National Credit Union Administration. Del-One Federal Credit Union was officially chartered in 1960 and was assigned the NCUA charter number 13919. Del-One is the largest credit union in Delaware. As of March 2020, Del-One had over $520 million in assets, serving over 72,000 members, and 11 branches. Member deposits up to $500,000 in Del-One are insured by $250,000 through the National Credit Union Share Insurance Fund, and an additional $250,000 through Excess Share Insurance.

History

Del-One was founded in 1960 as the Delaware Highway Federal Credit Union to serve employees of the Delaware State Highway Department. Seven years later, the credit union changed its name to Delaware State Employees Federal Credit Union. Its name was changed to Delaware Federal Credit Union in 1995. Del-One was granted a community charter the following year to serve the communities of Wilmington and Georgetown. In 2006, the credit union changed its name again to Del-One Federal Credit Union.

Mergers

In 1996, Del-One Federal Credit Union merged with American Mirrex Federal Credit Union.
In 1999, Del-One Federal Credit Union merged with Delaware Transit Employees Federal Credit Union.
In 2008, Del-One Federal Credit Union merged with Department of Labor Federal Credit Union.
In 2013, Del-One Federal Credit Union merged with Seaford Federal Credit Union.
In 2015, Del-One Federal Credit Union merged with U-DEL Federal Credit Union, and Newport Site Employees Federal Credit Union.
In 2017, Del-One Federal Credit Union merged with ICI America Federal Credit Union, established in 1973.

Membership

Eligibility for membership is extended to employees of the State of Delaware; anyone who lives, works or worships in Georgetown, Milford, Newark, Wilmington and the West Dover area, and over 200 select employee groups.

Services

, savings, money market, CDs, Individual Retirement Account savings, auto loans, personal loans, mortgage loans, home equity loans, credit cards, over 25,000 ATM locations, free online banking, electronic bill pay, Electronic Statements, free mobile banking access, free financial counseling, financial seminars, debit cards, and.

Board members

Board members serve three-year terms. They are elected by the credit union members at the annual meeting; there are no term limits.
Board of Directors: Nancy Shevock, Chairman; Steve Smith, Vice Chairman; Bill Pfaffenhauser, Secretary; Robert Brown, Treasurer; Robert Baldwin, Director; Trey Wallace, Director; Kevin Mitten, Director; Jerry McNesby, Director; Lisa Strusowski, Director.

Community involvement

Del-One offers two $2,500 scholarships to Delaware high school seniors annually, and provides several opportunities for youth account holders to win additional prizes. The credit union employees formed an organization in 2009, named the Del-One Foundation to continue raising funds for community outreach initiatives that include: Delaware Breast Cancer Coalition, Kay’s Kamp and Autism Delaware.

Awards