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History & Purpose

The philosophy at DoverPhila Federal Credit Union has always been “people helping people” — it’s a way of doing business that has allowed us to successfully build community since 1953.

Originally established as an employee credit union known as Warner & Swasey Employees Credit Union and later known as Gradall Employees Credit Union, we have grown into a community-chartered credit union. We operate five offices in Dover, New Philadelphia, Newcomerstown, and Uhrichsville with nearly 100 employees, all of whom are proud and eager to serve the financial needs of anyone who lives, works, attends church or school in Tuscarawas County.

DoverPhila Federal Credit Union was established as a financial cooperative and is controlled by its members. We exist for the financial benefit of our members and to provide a level of service that meets our members’ financial needs. Low cost auto loans, higher interest rates on certificates of deposit (CDs), and a vast array of products and services are some of the ways we strive to achieve our corporate mission.


Credit Unions vs. Banks

FIRST, SOME BACKGROUND. Credit unions were formed as a means of providing credit to individuals to purchase items such as livestock, equipment and even bread at a substantially lower interest rate than was being charged at other banking or lending institutions. These “cooperatives” were not out to make a profit, but rather to serve the needs of their members. Over the years, credit unions have formed to service industries, corporations, communities and churches. They provide financial services that mirror a bank, but…(more)


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