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DoverPhila Gives Back to Members & the Community

Following another successful year, DoverPhila Federal Credit Union gave back a $400,000 year-end bonus dividend* to its members on January 1, 2024. This marks the 29th year in a row that the credit union returned significant earnings to its members.

DoverPhila’s financial success was also shared with its members through other fiscal opportunities, such as low-cost auto loans, higher interest rates on certificate accounts, free financial resources, and a vast array of other products and services. DPFCU also gave back $10 dividends to each of its DP’s Kids Club and DP’s Savers Club members – around 1,400 youth.

The credit union is a community-focused, financial cooperative controlled by its members making it possible for it to reward its members with a bonus dividend that is derived from the relationships it has with members, such as members’ earnings on savings accounts, members’ interest paid on loans, and members’ debit card point-of-sale activity.

DoverPhila’s people-helping-people mindset was apparent this year through numerous sponsorships and donations, its 70th anniversary celebration, and its no-cost financial resources.

SPONSORSHIPS & DONATIONS
Sponsorships included Cleveland Clinic Union Hospital’s Run for Home, United Way of Tuscarawas County’s Rock ‘n Run 5k and Brew Fest, East Central Ohio ESC’s Family Reading Festival, Tuscarawas Arts Partnership’s Adelante Arts Camp, and various schools and athletic programs.

Donations to community organizations included Rainbow Connection, Kent State University Tuscarawas, Leadership Tuscarawas County, Friends of the Homeless of Tuscarawas County, Tuscarawas Clinic for the Working Uninsured, Access Tuscarawas County, Tuscarawas County Community Hospice, Tuscarawas County United Way, Tuscarawas County Humane Society, Village of Dennison, Tuscarawas Philharmonic, Trumpet in the Land, Big Brothers Big Sisters, and many more.

70TH ANNIVERSARY CELEBRATION
DoverPhila celebrated 70 years of service with a Kindness Campaign that encouraged volunteerism among its staff of almost 100 employees. Over 70 acts of kindness supporting more than 60 local organizations and area businesses were completed from August until the end of 2023. You can view the credit union’s Kindness Campaign on Facebook and Instagram by searching #DPFCUkindness. You can view photos of the campaign on the community impact page of the credit union website.

FINANCIAL RESOURCES
DoverPhila was awarded over $18,000 in financial literacy funds from the Ohio Department of Commerce to continue to invest in financial literacy programs, such as the award-winning online program Banzai, the life-size Finances 101 game that teaches personal finance, and financial wellness workshops with local organizations. All programs are available to area schools, organizations, and the community at no cost.

The credit union looks forward to 2024 with plans of enhancing its home banking platform, adding to its digital services, developing new credit and lending opportunities, and more as it continues to be Tuscarawas County’s go-to trusted financial provider.

DoverPhila Federal Credit Union has been proudly serving the financial needs of Tuscarawas County for 70 years. Anyone who lives, works, worships, and attends school in Tuscarawas County can share in its success by making a simple $5 deposit at any of its five full-service locations in Dover, New Philadelphia, Newcomerstown, and Uhrichsville – or online at www.dpfcu.org. Please call a member service representative at 330-364-8874 for more information.

*Bonus Dividend is derived from three components: 1. Members’ earnings on savings YTD. 2. Members’ interest paid on loans YTD. 3. Members’ debit card POS activity YTD. All of the bonus dividend is considered taxable and will be included on a 1099-INT. Some exceptions and requirements apply. First Mortgage portfolio loans, as well as installment loans booked as part of a promotion or that have been price-matched for rate, are not eligible. There is no bonus on a Health Savings Account. The member must not be delinquent more than 29 days and must have at least $5.00 on deposit. All bonus dividends were posted to the member’s -99 Share Master account on 1/1/2024. One exception applies, beginning this year: IRA bonus dividends post to the individual IRA sub accounts, unless a sub is closed, and then the bonus from that sub posts to the -99.*

Scams are on the rise and take many forms. DoverPhila would never call or text to ask for your account and debit card information. If you receive an unexpected call or a text from someone claiming to be from DoverPhila, please ask questions to verify that it is a representative. If you are unsure, call us at 330-364-8874 to confirm. Learn more at our Fraud Resource page. Learn more>>

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