FINANCIAL BENEFITS OF CREDIT UNION MEMBERSHIP
Join Our Unique Financial Family
Dover Federal Credit Union is unique. We are a full-service, not-for-profit, member-owned financial institution. Unlike profit-driven banks that benefit only a small number of stockholders, we return excess earnings to all of our members in the form of better service, lower interest rates for loans, higher yields on savings and investment accounts, and by adding new financial products and services.
A Long-Standing Tradition of Service
Dover Federal Credit Union was first chartered in 1958 by military and civil service employees at Dover Air Force Base. Today, we serve over 35,500 members from over 270 different Select Groups, and have assets exceeding $200 million. The Credit Union is governed by member-volunteers elected to the Board of Directors and managed by experienced financial professionals.
Joining Is Easy
To join the Credit Union, you must open a Share Savings account. You can start your account with as little as $5.00 and maintain a $5.00 balance to remain a participating member.
Once you become a member, your family members are eligible to join. Additional applications for your family members are available at any Credit Union office or on our website. Call or stop by our office for details.
Once A Member, Always A Member
You are welcome to remain a Credit Union member for life, even if you change jobs, move, or retire. If your lifestyle does change, we will show you how easy it is to access your Credit Union accounts and conduct financial transactions by mail, phone, fax, Internet, and nationwide ATMs.
We offer a variety of Savings and Investment Accounts designed to help you reach your financial goals.
- Share/Savings Accounts
- Share Certificate Accounts
- Insured Money Market Share Accounts
- Individual Retirement Accounts (IRAs)
- Christmas/Vacation/ Kids Club Accounts
- Members Financial Services
Direct Deposit / Payroll Deduction
Direct Deposit is the safest way to deposit your net pay, Social Security, or pension check(s) into your Credit Union accounts. Your money is electronically transferred and immediately available every pay period. Payroll deduction allows you to have a portion of your net pay deposited directly into your Credit Union account(s).
You can arrange to have loan payments, vacation and holiday club account contributions, and other payments to specified companies paid automatically from your Share Draft/Checking account. It's the easy and convenient way to handle many of your everyday bills.
Our Max Phone Access service allows you to access your accounts and conduct financial transactions from any touch-tone phone -- 24 hours a day. You can verify account balances, deposits, and withdrawals; request draws on Lines-of-Credit, and much more.
Access your accounts online at this website. You can get detailed information on your account any time, day or night. Check loan balances, get detailed account and loan histories, inquire about check status, reorder checks, transfer funds to accounts and loans, download to Quicken/MS Money, and much more.
Loans For All Reasons
We offer a full menu of low interest loans with flexible repayment terms and a hassle-free loan process. Call the Credit Union's Loan-By-Phone during business hours and, in most cases, you will receive a loan response in 24 hours. You can also apply in person or ONLINE. It couldn't be much faster or more convenient.
- Home Equity Loans
- Mortgages
- New & Used Vehicle Loans
- Loan Refinancing Program
- Share Secured Loans
- Home Improvement Loans
- Signature Loans
When you are ready to by a new car, call MVCP. They can help you get a great deal. Their advisors will direct you to an MVCP dealer where the price on most vehicles has been pre-negotiated for you. MVCP also offers information on manufacturers' invoices, current rebates and incentives, your trade-in value, and other information to help you make an informed buying decision. This is a free service to Dover Federal members.
Share Draft/Checking
Our Share Draft/Checking account is your alternative to the high fees and service charges found at other financial institutions. Our full-featured account allows you to save money and manage your finances conveniently.
Our MasterMoney® Debit Card works just like a check, except there is no check to write! Simply present it as you would a credit card. The cost of your purchase is automatically deducted from your Share Draft/Checking account. There is NO interest to pay and NO check acceptance problems locally or when you are out of town. You can also withdraw cash, verify account balances, and transfer funds at thousands of ATMs worldwide. All this and no annual fee!
With a Dover Federal Credit Union VISA, you can take advantage of everyday bargain opportunities, shop with ease, have protection in emergencies, or track your travel expenses.
- No Annual Fee
- 25-Day Interest-Free Grace Period on Purchases
- No Transaction Fees
- Free Travel/Accident Insurance Up To $250,000
- Automatic Payment Options
- No Minimum Finance Charge
If you have high interest credit card balances from other financial institutions, you may be able to transfer them to our lower interest VISA. You could save money and reduce your minimum monthly payment INSTANTLY!
Our STAR® ATM Card makes it easy to withdraw cash, verify account balances, and transfer funds between accounts from thousands of ATM locations worldwide -- 24 hours a day! No surcharge for members on Dover Federal-owned ATMs.
Safe Deposit Boxes
For your convenience, safe deposit boxes are available to our members at our offices on Saulsbury Road and North DuPont Highway in Dover. Annual rental fees can be transferred automatically from your account on January 1st of each year. Please check the fee schedule for safe deposit box rental fees.
Other Services
Dover Federal provides various other account and non-account related services to its membership such as: Wire Transfers, Cashier's Checks, Money Orders, Western Union Money Orders, Credit Union Money Orders, American Express Traveler's Checks, Foreign Currency orders and returns, Notary, Signature Guarantee, Account Research and Reconciliation, and Fax or Photocopy Service. Check the fee schedule for itemized charges and fees.
Insurance Protection
Your Dover Federal Credit Union membership entitles you to substantial savings on Vehicle insurance through Nationwide and Loan Protection insurance through Cuna Mutual.
Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration,
a U.S. Government Agency
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