The Credit Union Difference Part 2: What’s in a Membership?

As a member of DoverPhila Federal Credit Union, you are uniquely positioned to manage your finances and watch your money grow on the best possible terms. Like the member of an elite club, you are entitled to exclusive privileges and individualized service, courtesy of your credit union. Let’s take a quick look at some of the benefits you can enjoy as a member of DoverPhila. 

Highly personalized service 
Credit unions are well known for the highly personalized and attentive service they provide to members. A 2017 American Customer Satisfaction Index Finance and Insurance Report found that members rate credit unions with better service than banks, scoring an average of 82 out of 100. It’s part of what makes credit unions unique. 

When you step through the door of DoverPhila Federal Credit Union, you know you’ll always be welcomed by familiar faces, warm smiles and friendly greetings. There are no aloof tellers who don’t know you or your financial situation—just our helpful service representatives who treat you like family. No matter your age or stage, our staff is happy to guide you through any monetary challenge and assist you in reaching your financial goals. 

At the credit union, our outstanding member service means we’re personally invested in your financial well-being and only want to see your success. To that end, we’ll grant you a loan quicker than most big banks. We also partner with area organizations to host financial literacy programs for our members and the larger community throughout the year, enabling you to broaden your money knowledge and to learn how to make smarter financial choices. 

Increased value for your money 
As a not-for-profit cooperative, your credit union is proud to provide savings to you in the form of low or no account fees, better loan terms, and higher dividend payments on your savings. 

According to a report by the Credit Union National Association (CUNA) that studied credit unions in New York from March of 2017 through March of 2018, credit unions provided average financial benefits that were equivalent to $85 per member and $178 per household. Another 2018 study performed by Bankrate found that 84 percent of the nation’s 50 largest credit unions offered their members checking accounts with no monthly maintenance fee – something members also receive at DoverPhila.

Your credit union doesn’t have to answer to outside investors. This enables us to be more attuned to your needs without worrying about increasing our own worth. Our not-for-profit status frees us to offer you optimal terms on share certificates, savings accounts, and more. It’s more money in your pocket just for being a member of DoverPhila Federal Credit Union.

A voice in how the credit union operates
As mentioned, your credit union does not need to answer to stockholders. Instead, DoverPhila is member-owned, operating with only your best interests in mind. 

As a full-fledged member of DoverPhila Federal Credit Union, you have a voice in how your credit union runs. You are invited to cast your ballot in our annual elections in which we vote on a volunteer board of directors. The board is then charged with oversight of the credit union and forming all official decisions regarding the way the credit union operates. Our board is comprised of members of the credit union, just like you. This means the decisions they make will always be advantageous to our membership and to the general community instead of trying to pander to outside stockholders. We’re all about doing what’s best for our members. 

A chance to give back to the community
We’re strong believers in giving back to the community. We support many community initiatives and organizations, and we are committed to making decisions that benefit the entire community. When you choose DoverPhila, you’re choosing to give back to the community, too. 

As a member of the credit union, you are entitled to enjoy all of these benefits and so much more. Whatever your particular needs are, we’re here to help you manage your finances every step of the way. Call, click, or stop by DoverPhila Federal Credit Union today to learn how to make your membership work for you in the best way possible.

DoverPhila Gives Back to Youth Members and the Community

Image: DP’s Kids Club and cu$aver members present a check to the local Salvation Army

Image: DP’s Kids Club and cu$aver members present a check to the local Salvation Army

The holidays came early for DoverPhila Federal Credit Union’s youngest members and its local Salvation Army.

On December 7, the credit union gave a $10 holiday gift to its DP’s Kids Club and cu$aver members – over 1,400 youth. The $14,000 amount was matched and then donated to the Salvation Army of Tuscarawas County.

The Salvation Army is a global and local organization that consists of dedicated staff and committed volunteers that work every day within communities to provide basic needs such as food, clothing, and shelter. Beyond those basic needs, The Salvation Army invests time in the human spirit by offering counseling, education programs, recovery/support programs, and spiritual support for those willing to accept it.

“Today’s youth is our community’s future. It is our fiscal responsibility to build a strong community and to best serve our members,” said Jack Dooling, Chief Executive Officer and President of DoverPhila Federal Credit Union. “What better way to do that than by rewarding youth members for taking the initiative to be financially responsible while also giving back to an organization that is dedicated to serving that same community.”

The credit union is proud to offer specialized savings accounts that are designed for youth ages 17 and under. DP’s Kids Club and cu$aver accounts encourage members to adopt healthy financial habits at an early age. The accounts offer no annual fees, competitive interest rates, and dividends to teach youth that saving money always pays. Each DP’s Kids Club and cu$aver member also has access to newsletters, contests, saving incentives, exclusive events, and more.

DoverPhila Federal Credit Union has been proudly serving the financial needs of its members and community for 65 years. It has offices in Dover, New Philadelphia, Newcomerstown, and Uhrichsville. Those who live, work, worship, or attend school in Tuscarawas County can become a member of the credit union with a simple $5 deposit. Visit www.dpfcu.org for more information.

8 Reasons To Shop Local on Small Business Saturday

Mega e-tailers, like Amazon and Walmart, may monopolize online commerce, but it’s the small businesses across the country that keep the economy going. In fact, according to the Small Business Administration (SBA), the 28 million small businesses in America account for 54 percent of all sales in the country. Small businesses create jobs, build a demand for locally made products, and keep communities thriving. 

Your local small businesses are part of your community’s landscape. That’s where you rub shoulders with your neighbors, where you catch the latest town news, and where you’re always greeted with a warm smile. At a local small business, you’ll be guaranteed superior service and the gratification that comes from knowing you’re supporting the economy in your own community. 

Here at DoverPhila Federal Credit Union, we strongly believe in supporting the community and helping local businesses flourish. Join us in our mission by shopping local on Small Business Saturday and throughout the holiday season. 

Here are our some of our top reasons to shop local: 

HELP CREATE JOBS IN YOUR COMMUNITY
The money you spend at local retailers goes back into your community. When you support these small businesses, you enable them to grow and hire more workers, thus creating more jobs and helping the local economy thrive. 

KEEPS YOUR TAX DOLLARS IN THE COMMUNITY
Why pay to support public services in a town across the country? Let your tax dollars serve your own community by shopping local, small businesses. 

When you spend your money at local retailers, approximately $68 of every $100 spent will be reinvested in your community. That money will go toward better schools, libraries and parks—in your own neighborhood. 

SUPPORT THE AMERICAN DREAM
Keep the spirit of America alive by supporting the American Dream: Anyone can start a business and work to keep it thriving. When you shop local, you’re showing support for the entrepreneurs in your community, those folks who were brave enough to strike out on their own.   

SMALL BUSINESSES GIVE BACK TO THE COMMUNITY
According to Community Business Finance, 92% of small business owners personally donate to charities and nonprofit organizations. Whether it’s a contracting company that sponsors a little league team or a café that hosts an open mike night to raise money for the local soup kitchen, small businesses play a large part in supporting community causes and charities. 

When you shop local, you’re enabling small businesses to continue supporting community charities. 

CELEBRATE YOUR COMMUNITY
Celebrate your community on Small Business Saturday! Spend a delightful afternoon browsing the local shops and talking with customers and small business owners. Ask about their family members, chat about the weather, and revisit all your favorite local hotspots. You’ll reconnect with your community, support its businesses, and rediscover what makes it thrive. 

FIND UNIQUE GIFTS
Skip the overrated, mass-produced items at huge chain stores this holiday season, and find gifts for everyone on your list at local stores. You’ll be rewarded with an array of truly unique and durable items that will make the perfect gifts for your family and friends. 

HELP KEEP YOUR COMMUNITY INTERESTING
Imagine your community with no small businesses, only franchise stores from major retailers and restaurants. How boring would that be? Sure, we need those mainstream retailers and everyone likes a fast food chain they know well, but it’s the small businesses that keep the community vibrant and colorful. They’re the ones running quirky marketing campaigns and hosting online contests that have the entire town buzzing.

You wouldn’t want any of the charming little stores that dot your town’s landscape to be forced to close due to a lack of business.  These stores rely on your patronage! Shop local to help keep those mom-and-pop shops thriving. 

EXPLORE NEW RETAILERS AND RESTAURANTS
What better way to try out the latest haunts in town than by spending the day shopping local, small businesses? Give that new pizza place a try, sample the lattes at the small coffee joint that just opened its doors, and browse through the merchandise at the quaint costume jewelry store you’ve been wanting to check out since its grand opening. It’s a fantastically fun way to kick off your holiday shopping! 

On Small Business Saturday, and throughout the holiday season, give back to the community you love by shopping local. You’ll be glad you did!