Dover Federal Credit Union
Headquarters
1075 Silver Lake Blvd
Dover, DE 19904
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2024 Overview
General Credit Union Information
Dover is an NCUA insured institution located in Dover, DE. It was founded in 1958 and has approximately $702.25 millions in assets.
Who can join?
You are eligible to join Dover Federal if you meet one of the qualifications below:
United States Military & Uniformed Services
Military personnel of the U.S. Government with duty locations in Delaware
Civilian employees of the U.S. Government working in Kent and Sussex County, Delaware
Military and civilian personnel of the Delaware National Guard
Personnel who are eligible to receive benefits from Dover Air Force Base
Other employees and contractors who work regularly at Dover Air Force Base
Military reserve personnel at locations in Delaware
Members of the Civil Air Patrol in Delaware
Persons who have retired from any of the above
Employees of Bayhealth and Dover Downs (all employees, all locations)
Other Business Partners
Be an employee or member of one of the more than 400 Business Partners
Retirees and Volunteers
If you retired from or volunteer with any of the above select groups and organizations,
you are also eligible
Family Members
You are also eligible to open accounts if any of your immediate family or household members qualify.
Immediate family member is defined as spouse, child, sibling, parent, grandparent, or grandchild. This includes step-parents, step-children, step-siblings, and adoptive relationships.
Household is defined as persons living in the same residence, maintaining a single
economic unit.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 12443 |
| Date Established | 1958 |
| Assets | $702.25 million |
| Loans | $538.76 million |
| Deposits | $632.62 million |
| Capital | $54.29 million |
Field of Membership Restrictions
Membership in Dover Federal Credit Union is open to anyone in the state of Delaware through 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.
Deposit Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.10% | $0 | - |
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|
|
Money Market
|
0.10% | $1,000 | $9,999 |
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|
|
Money Market
|
0.10% | $10,000 | $49,999 |
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|
|
Money Market
|
0.15% | $50,000 | $99,999 |
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|
|
Money Market
|
0.20% | $100,000 | $249,999 |
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|
|
Money Market
|
0.25% | $250,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
3.50% | $500 | $24,999 |
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|
| 6 Mo CD
|
3.50% | $25,000 | $99,999 |
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|
| 6 Month
|
3.50% | $100,000 | - |
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|
| 12 Mo CD
|
4.50% | $500 | $24,999 |
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|
| 12 Mo CD
|
4.50% | $25,000 | $99,999 |
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|
| 1 Year
|
4.50% | $100,000 | - |
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|
| 18 Mo CD
|
2.75% | $500 | $24,999 |
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|
| 18 Mo CD
|
2.75% | $25,000 | $99,999 |
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|
| 18 Month
|
2.75% | $100,000 | - |
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|
| 24 Mo CD
|
2.00% | $500 | $24,999 |
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|
| 24 Mo CD
|
2.00% | $25,000 | $99,999 |
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|
| 2 Year
|
2.00% | $100,000 | - |
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|
| 30 Mo CD
|
2.00% | $500 | $24,999 |
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|
| 30 Mo CD
|
2.00% | $25,000 | $99,999 |
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|
| 30 Month
|
2.00% | $100,000 | - |
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|
| 36 Mo CD
|
2.00% | $500 | $24,999 |
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|
| 36 Mo CD
|
2.00% | $25,000 | $99,999 |
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|
| 3 Year
|
2.00% | $100,000 | - |
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|
| 48 Mo CD
|
2.00% | $500 | $24,999 |
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|
| 48 Mo CD
|
2.00% | $25,000 | $99,999 |
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|
| 4 Year
|
2.00% | $100,000 | - |
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|
| 60 Mo CD
|
0.01% | $500 | $24,999 |
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|
| 60 Mo CD
|
0.01% | $25,000 | $99,999 |
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|
| 5 Year
|
0.01% | $100,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.10% | $0 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.01% | $500 | - | Learn More |
Loan Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Dover
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.956% | 6.875% | 0.63 | $2,642 | $2,103 | Learn More |
NMLS ID: 1907 |
7.080% | 7.000% | 0.88 | $2,602 | $2,129 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR 10.625 % After Intro: 10.625 % |
$0 |
Learn More
More Info |
Note to Dover
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Dover branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Dover Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 391.10 | A | View Lobby Hours | |
| 394.22 | B | View Lobby Hours | |
| 398.90 | C | View Lobby Hours | |
| 399.21 | D | View Lobby Hours | |
| 400.27 | E | View Lobby Hours | |
| 403.27 | F | View Lobby Hours | |
| 407.36 | G | View Lobby Hours |
Climate Policy and Initiatives
DOVER is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Dover Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Dover. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Dover | U.S. Average |
|---|---|
| 12.97% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Dover had $6,675,283 in non-current loans and $745,850 in owned assets. To cover these potential losses it had $54,291,506 in net worth and $2,926,096 in loans loss reserves. That gives it a Texas Ratio of 12.97%.
Net Worth
| Dover | U.S. Average |
|---|---|
| 7.88% | 13.93% |
Dover FCU has a net worth of 7.88% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Dover
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