Sep, 30, 2025 — DOVER FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, DE with 8 branch locations and about $709.88 million in total assets. Opened 68 years ago in 1958, DOVER FEDERAL CREDIT UNION has about 43,844 members and employs 142 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DOVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1075 Silver Lake Blvd DOVER, DE 19904-2411 |
| Phone: | (302) 678-8000 |
| Fax: | |
| Website: | https://www.doverfcu.com |
| Branches: | 8 branch locations |
| Members: | 43,844 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12443 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $709,879,697 |
| CEO/Manager: | Janell Upton |
| Chairperson: | Jeannette Schuler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 59,012,821 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 287,828,305 |
| Unsecured Loans | 31,349,372 |
| Other Loans | 226,733,842 |
| TOTAL LOANS | 545,990,956 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,791,509 |
| Land And Building | 17,438,601 |
| Other Fixed Assets | 1,104,357 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,886,366 |
| All Other Assets | 362,327 |
| TOTAL ASSETS | 709,879,697 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,025 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,498,806 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 137,978,185 |
| Regular shares | 299,672,367 |
| All Other Shares & Deposits | 213,688,655 |
| TOTAL SHARES & DEPOSITS | 651,339,207 |
| TOTAL LIABILITIES | 656,986,693 |
| Regular Reserve | 0 |
| Other Reserves | 12,851,371 |
| Undivided Earnings | 40,041,633 |
| TOTAL EQUITY | 52,893,004 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 709,879,697 |
| INCOME & EXPENSE | |
| Loan Income | 24,392,158 |
| Investment Income | 2,972,442 |
| Other Income | 2,912,731 |
| Total Employee Compensation & Benefits | 10,742,020 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 12,283,492 |
| Non-operating Income & (Expense) | 132,401 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,459,357 |
| Cost of Funds | 6,526,946 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,127,565 |
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