Del-One
Encyclopedia
Del-One 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.
and Georgetown
. In 2006, the credit union changed its name again to Del-One.
, Milford
, Newark
, Wilmington
and the West Dover
area, and over 200 select employee groups.
, 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 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.
, Juvenile Diabetes Research Fund, Society for the Prevention of Cruelty to Animals
, March of Dimes
, and Ronald McDonald House.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
headquartered in Dover, Delaware
Dover, Delaware
The city of Dover is the capital and second largest city in the U.S. state of Delaware. It is also the county seat of Kent County, and the principal city of the Dover, Delaware Metropolitan Statistical Area, which encompasses all of Kent County. It is located on the St. Jones River in the Delaware...
and regulated under the authority of the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
(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
National Credit Union Share Insurance Fund
The National Credit Union Share Insurance Fund is administered by the National Credit Union Administration for the purpose of providing deposit insurance to protect deposits of credit union members at insured institutions in the United States. It was created in 1970 shortly after the creation of...
, 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 WilmingtonWilmington, Delaware
Wilmington is the largest city in the state of Delaware, United States, and is located at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley...
and Georgetown
Georgetown, Delaware
Georgetown is a town in Sussex County, Delaware, United States. According to 2010 census figures, the population of the town is 6,422, an increase of 38.3% over the previous decade...
. 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 GeorgetownGeorgetown, Delaware
Georgetown is a town in Sussex County, Delaware, United States. According to 2010 census figures, the population of the town is 6,422, an increase of 38.3% over the previous decade...
, Milford
Milford, Delaware
Milford is a city in Kent and Sussex counties in the U.S. state of Delaware. According to the 2010 census, the population of the city is 9,559....
, Newark
Newark, Delaware
Newark is an American city in New Castle County, Delaware, west-southwest of Wilmington. According to the 2010 Census, the population of the city is 31,454. Newark is the home of the University of Delaware.- History :...
, Wilmington
Wilmington, Delaware
Wilmington is the largest city in the state of Delaware, United States, and is located at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley...
and the West Dover
Dover, Delaware
The city of Dover is the capital and second largest city in the U.S. state of Delaware. It is also the county seat of Kent County, and the principal city of the Dover, Delaware Metropolitan Statistical Area, which encompasses all of Kent County. It is located on the St. Jones River in the Delaware...
area, and over 200 select employee groups.
Services
CheckingChecKing
checKing QA is a web application developed by Optimyth Software intended for monitoring the quality of software development process and its results, for organizations that want to control software quality before it is put into production....
, savings, money market
Money market
The money market is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames. Trading in the money markets involves Treasury bills, commercial paper, bankers' acceptances, certificates of deposit,...
, CDs
Certificate of deposit
A certificate of Deposit is a time deposit, a financial product commonly offered to consumers in the United States by banks, thrift institutions, and credit unions....
, Individual Retirement Account
Individual Retirement Account
An individual retirement arrangement is the blanket term for a form of retirement plan that provides tax advantages for retirement savings in the United States...
savings, auto loans, personal loans, mortgage loans, home equity loans, credit cards, over 25,000 ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
locations, free online banking
Online banking
Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.-Features:...
, electronic bill pay, Electronic Statements, free mobile banking
Mobile Banking
Mobile banking is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant . The earliest mobile banking services were offered over SMS...
access, free financial counseling, financial seminars, debit cards, and direct deposit
Direct deposit
Direct deposit also known as Direct credit is a banking term used to refer to certain payment systems used to transfer money where a payment is initiated by the payer not the payee, namely:* In Europe, the giro system...
.
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 SocietyAmerican Cancer Society
The American Cancer Society is the "nationwide community-based voluntary health organization" dedicated, in their own words, "to eliminating cancer as a major health problem by preventing cancer, saving lives, and diminishing suffering from cancer, through research, education, advocacy, and...
, Juvenile Diabetes Research Fund, Society for the Prevention of Cruelty to Animals
Society for the Prevention of Cruelty to Animals
The Society for the Prevention of Cruelty to Animals is a non-profit animal welfare organization originally founded in England in 1824 to pass laws protecting carriage horses from abuse. SPCA groups are now found in many nations, where they campaign for animal welfare, assist in cruelty to animals...
, March of Dimes
March of Dimes
The March of Dimes Foundation is a United States nonprofit organization that works to improve the health of mothers and babies.-Organization:...
, 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.