Del-One Federal Credit Union

Del-One Federal Credit Union (formerly Delaware Federal Credit Union) is a credit union headquartered in Dover, Delaware. Del-One Federal Credit Union was officially chartered in 1960.[1] Del-One is the largest credit union in Delaware. As of March 2020, Del-One had over $520 million in assets, serving over 72,000 members with 11 branches.[1]

Del-One Federal Credit Union
FormerlyDelaware Federal Credit Union (1995),

Delaware State Employees Federal Credit Union (1967),

Delaware Highway Federal Credit Union (1960)
TypeCredit union
IndustryFinancial services
Founded1960
HeadquartersDover, Delaware, United States
Number of locations
11 branches (2020)
Key people
Nancy Shevock, Chair
Ronald Baron, CEO
ProductsSavings; checking; consumer loans; mortgages; credit cards; online banking
Total assetsIncrease US$ 520M[1] (2020)
Members72,000 (2020)
Number of employees
571 (2019)
Websitedel-one.org

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. Its name was changed to Delaware Federal Credit Union in 1995. Del-One was granted a community charter the following year to serve communities of Wilmington and Georgetown. In 2006, the credit union changed its name again to Del-One Federal Credit Union.

Mergers

In 1996, Del-One Federal Credit Union merged with American Mirrex Federal Credit Union.

In 1999, Del-One Federal Credit Union merged with Delaware Transit Employees Federal Credit Union.

In 2008, Del-One Federal Credit Union merged with Department of Labor Federal Credit Union.

In 2013, Del-One Federal Credit Union merged with Seaford Federal Credit Union.[2]

In 2015, Del-One Federal Credit Union merged with U-DEL Federal Credit Union,[3] and Newport Site Employees Federal Credit Union.

In 2017, Del-One Federal Credit Union merged with ICI America Federal Credit Union, established in 1973.[4]

Awards
  • Forbes – Awarded Best-in-State Credit Union from Forbes' annual list of America's best credit unions in each state 2020 (state of Delaware).[5]
  • Readers Choice – Delaware's Favorite Credit Union in the Wilmington News Journal Reader's Choice Awards for 2012, 2013, 2014, 2015, 2016, 2017,[6] and 2018.
  • Top Workplace – Awarded as a Top Workplace from the Wilmington News Journal in 2013, 2014, 2015, 2016, 2017, and 2018.[7]

References
  1. "National Credit Union Administration: Del-One". NCUA.gov. Retrieved 20 May 2020.
  2. "Delaware Business Now:'Del-One Credit Union highlights growth at annual meeting'". Delawarebusinessnow.com. 5 June 2014. Retrieved 20 May 2020.
  3. "UDEL-FCU University of Delaware Federal Credit Union". udel.edu. Retrieved 20 May 2020.
  4. "Delaware Business Now:'ICI credit union to merge with Del-One'". Delawarebusinessnow.com. 22 July 2017. Retrieved 20 May 2020.
  5. "Forbes:'Del-One Federal Credit Union'". Forbes.com. 24 June 2020. Retrieved 9 August 2020.
  6. Shupe, Bryan (13 October 2017). "Milford Live:'Del-One voted Best Credit Union'". Milfordlive.com. Retrieved 20 May 2020.
  7. "Top Workplaces 2018" (PDF). Delawareonline.com. Retrieved 20 May 2020.
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