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Preparing for the unexpected and helping you during a time when you need it most, is the benefit of insurance coverage. Rest assured, your accounts are protected at Dover Federal Credit Union! We operate as a not-for-profit financial institution that exists in a responsible manner exclusively for the best interest of our members.

Regulated by the National Credit Union Administration (NCUA) and insured by the National Credit Union Share Insurance Fund (NCUSIF), individual depositors are insured up to $250,000.

What is NCUA Insurance?

The NCUA is a federal agency designed to regulate credit unions and insures your funds. It guarantees up to $250,000 per person, per institution, per ownership category.

What is covered by NCUA?

  • Checking Accounts
  • Savings Accounts
  • Share Certificates
  • Money Market Accounts
  • IRA Accounts
  • Business Accounts

What is NOT covered by NCUA?

  • Mutual Funds
  • Annuities
  • Treasury Securities
  • Life Insurance Policies
  • Stocks
  • Bonds

Can I get additional insurance above $250,000?

If a person has more than $250,000 at any single credit union, several options are available for additional coverage because the NCUSIF provides separate insurance for other accounts. This includes joint accounts, retirement accounts, and trust accounts. Use the Share Insurance Estimator to determine how adding these ownership categories can increase your coverage.

In keeping the member’s best interest at the focus of what we do, Dover Federal offers an array of robust insurance protection options to protect your loan obligations.


Debt Protection

Receive the protection you and your loan need with assistance from Debt Protection Insurance coverage. This extensive insurance plan offers life and disability coverage that, in the event of death or disability, Debt Protection Insurance will cover your obligated loan payments. MEMBER'S CHOICE™ Borrower Security* is a voluntary loan-payment protection product that helps preserve your family's standard of living and gives you relief from financial burdens if a protected life event such as disability, loss of life, or involuntary employment happens to you.

Call a Member Service Representative at 302-678-8000 or 888-818-3328 and ask about protecting your loans today.

Mechanical Repair Coverage

As your car gets older, the risk of repairs increase. These repairs can be very expensive, and can cause a stumbling block in your finances if you are not prepared. This product is designed to help you enjoy mechanical repair coverage without the long-term contract. Our Mechanical Repair Coverage includes the option for you to make convenient monthly payments, use the licensed repair facility of your choice, has no mileage limitations, and includes many more benefits that protect you! 

Call a Member Service Representative at 302-678-8000 or 888-818-3328 and ask about protecting your loans today!


From the moment you drive off the lot, GAP offers the protection you deserve. GAP (Guaranteed Asset Protection) is available with the purchase of an auto loan and covers the difference between what your vehicle is worth and what you have left to pay on the loan, should the vehicle be lost, stolen or totaled. 

Complimentary AD & D

As an added member benefit, Dover Federal offers a no-cost $1,000 Accidental Death and Dismemberment insurance policy for each member, thru TruStage. AD&D coverage pays you or your loved ones a cash benefit after an accident results in a covered injury or loss of life due to an accident. Members have the option to purchase an additional $300,000 AD&D coverage from CMFG Life at affordable rates.  Learn more about AD&D coverage.

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*Your purchase of MEMBER'S CHOICE™ Borrower Security is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of MEMBER'S CHOICE™ Borrower Security.