Del-One

Del-One

Type	Credit union
Industry	Financial services
Founded	1960
Headquarters	Dover, Delaware, United States
Key people	Nancy Shevock, Chair Dion Williams, CEO
Products	Savings; checking; consumer loans; mortgages; credit cards; online banking
Total assets	$272M USD (2011)
Website	del-one.org

Del-One (formerly Delaware Federal Credit Union) is a federally chartered credit union headquartered in Dover, Delaware and regulated under the authority of the National Credit Union Administration (NCUA). Del-One is the second largest credit union in Delaware in assets. As of January 2011, Del-One had $272 million in assets, serving over 40,000 members, and 7 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. In 1991, the credit union merged with Delaware Central Credit Union. Its name was changed to Delaware Federal Credit Union in 1995. Del-One merged with American Mirrex Federal Credit Union in 1996 and Delaware Transit Employees Federal Credit Union in 1999. 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.

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

Checking, 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 direct deposit.

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 J. Shevock, Chairperson; D. Steven Smith, Vice Chairperson; R. Bryce Brown, Treasurer; Vanessa McCall, Secretary; Robert Baldwin, Director; William Hufnal, Director; E. Karen Whitaker, Director; Bill Pfaffenhauser, Director.

Community involvement

Del-One offers two $1,000 scholarships to 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: American Cancer Society, Juvenile Diabetes Research Fund, Society for the Prevention of Cruelty to Animals, March of Dimes, and Ronald McDonald House.

Awards

• Readers Choice – Delaware’s Favorite Credit Union in the Wilmington News Journal Reader’s Choice Awards for 2006, 2007, 2008, 2009.
• Best In Business – Del-One ranked in the Top 10 small and medium businesses to work for in DE as part of the Best In Business Awards from the Wilmington News Journal for 2007, 2008 and 2009
• Del-One received a Merit Award for its 2006 Annual Report from the Credit Union National Association (CUNA) Marketing & Business Development Council. The annual report was on display at the CMBDC Annual Conference in Nashville , TN.
• Del-One also received a Golden Mirror Award of Merit from the Credit Union Executives Society (CUES) for their Easy Guide to Membership in 2006.
• Del-One earned a National Association of Federal Credit Unions Marketing Award for Best Membership promotion (Business Card CD) in 2006.
• Del-One earned a Credit Union National Association Marketing & Business Development Council Diamond Award in 2007.

References

External links

• Official website