Now more than ever, you have a multitude of options when it comes to how you bank. So why should you choose DoverPhila Federal Credit Union for all your financial needs?
From lower rates to higher yields to community roots and more, DoverPhila can not only provide a variety of unique services and flexibility to help you meet your financial goals but also embrace the “people over profit” philosophy that puts you and your family’s financial needs first.
Lower fees and rates, higher yields.
As a not-for-profit financial institution, DoverPhila invests profits earned right back into members, rather than shareholders. As such, we are often able to offer lower rates and fees on loans and higher yields on savings accounts. At a time when too many communities are struggling to make ends meet, the credit union helps members keep more of their hard-earned money.
Fully insured deposits.
DoverPhila Federal Credit Union is closely regulated by state and federal authorities, invest in communities rather than risky assets, and member deposits are federally insured up to $250,000. These longstanding safeguards ensure stability and strong consumer protection for those who choose the credit union as their financial partner.
Community investments, financial tools and resources.
DoverPhila is community-based, which allows hard-earned money stay in the local community. This also means DoverPhila can better understand the financial needs of its members, invest in small business and community initiatives, and provide important financial literacy tools and resources to residents.
Member-owned, democratically controlled.
As a member-owned financial institution, each member has an equal share and vote in the direction of the credit union. Members elect a member board of directors that oversees the credit union and represents the members’ best interests.
A collective movement.
DoverPhila not only operates as financial cooperative, in which members pool money to make loans and pay dividends to each other, they also cooperate with other credit unions to make the strongest impact possible and propel the Credit Union Movement forward, together.
At DoverPhila Federal Credit Union, we are here to help. Visit a local branch today to learn more about the financial services we offer, and how to make the most out of your hard-earned money.