Dover Federal Credit Union

In the Community

2009

Walker Road Gets Clean-Up by Dover Federal Team
Credit Union Is First in Delaware to Achieve Milestone of $250 Million
Local Students Receive $5,000 in Cash Awards from Dover Federal
Local CEO Tackles Financial Issues in Washington
Dover Federal Raises $1,670 to Benefit American Cancer Society

2008 Archived

Walker Road Gets Clean-Up by Dover Federal Team

In efforts to clean America's highways, 27 employees of Dover Federal recently gathered for the semi-annual "Walker Road Clean-Up," part of the credit union's Adopt A Highway sponsorship. Twice per year, the credit union team picks up trash and other debris along Walker Road to help beautify the local community.

"The clean-up of Walker Road demonstrates our commitment as a credit union team to the community we serve in Dover," commented David Clendaniel, President/CEO of Dover Federal. "The large attendance of our employees to pick up debris along a 1-mile stretch of road shows the heart of the credit union."

As part of the commitment to the local community, the 51-year old credit union participates in several sponsorships, donations and other community events throughout Delaware during the year. Dover Federal has sponsored the Adopt A Highway on Walker Road since 2001.

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Credit Union Is First in Delaware to Achieve Milestone of $250 Million

Amidst economic uncertainty, Dover Federal Credit Union was recently recognized as the first credit union in the state of Delaware to grow past $250 million in total assets. The accolade is a sign of the credit union's strength and ability to meet the financial needs of families across Delaware.

"It is rewarding to have over 35,500 members who have chosen Dover Federal as their financial partner for more than fifty years," commented David Clendaniel, President/CEO of Dover Federal Credit Union. "Our members have trusted us to provide smart financial solutions and that confidence has allowed the organization to truly excel even during tough times."

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Local Students Receive $5,000 in Cash Awards from Dover Federal

To motivate students towards achievement, local credit union, Dover Federal donated $5,000 to local high schools as a sponsor of The Challenge Program, Inc. Three Delaware high schools, Lake Forest, Caesar Rodney, and Polytech, participated in the program and held award ceremonies in May, 2009.

"This year's recipients were bright, dedicated, motivated and truly deserve recognition for their achievements," commented David Clendaniel, President/CEO of Dover Federal. "We're proud to be a part of the mission to support achievement in these young lives while building a bridge between high schools students and the business community."

The goal of The Challenge Program, Inc. is to motivate students by providing financial incentives for successes they achieve while in school. Students are presented awards in four different categories: most improved, best attendance, most community service and best overall GPA.

Teachers and school administrators determine who best deserves the award, per grade level, and then reports the results to The Challenge Program, Inc.

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Local CEO Tackles Financial Issues in Washington

In the midst of the nation's economic crisis, David Clendaniel, CEO of Dover Federal Credit Union, traveled to Washington D.C. in late February and briefly met with Delaware's newest senator, Senator Ted Kaufman. Clendaniel led a team of 11 credit union professionals and volunteers to meet with Senator Kaufman to represent the interests of Dover Federal's members/owners and the local community.

"Now more than ever before, the safety and soundness of our credit union can be impacted by new legislation that is being run through Congress at an alarming rate," said Clendaniel. "Meeting with Senator Kaufman allowed us to present the credit union’s viewpoint on several key bills preparing for a vote."

The Senator challenged Clendaniel on the taxation issue, where the not-for-profit status enables credit unions to be exempt from corporate taxes, which gave Clendaniel the opportunity to explain the unique structure and philosophy of credit unions. Clendaniel pointed out how credit unions are not-for-profit financial cooperatives, democratically controlled and owned by members, and gave examples of how they serve the Delaware community. He also invited the Senator to visit Dover Federal branches to meet members and learn first-hand what makes credit unions different and special.

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Dover Federal Raises $1,670 to Benefit American Cancer Society

In March 2009, management and staff raised $1,670 for the American Cancer Society. The Credit Union raised the funds through participation in Daffodil Days, one of the American Cancer Society's oldest and most beloved fundraising programs. As the first flower of spring, the daffodil represents hope and renewal.

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