Del-One Federal Credit Union hosted an event on Wednesday, April 19th at its Milford branch to announce a partnership between Del-One and Delaware Electric Co-Op. With this partnership, over 93,000 members of Delaware Electric Co-Op are eligible to join Del-One FCU. Del-One President & CEO Dion Williams cited the Seven Principles of Cooperatives, including Principle #6, Cooperation Among Cooperatives. This partnership shows cross-industry cooperation and how cooperatives can work together for the benefit of their members. Principle #5, Education, Training and Information, is also highlighted within this partnership. Both Del-One and the Delaware Electric Co-Op educate their members to make better decisions to enrich the lives of their member-owners, and work to serve the underserved.
Delaware Electric Co-Op President & CEO Bill Andrew noted the two cooperatives are alike as they put service, not profit, above all else, and keep rates low to benefit the members. Mr. Andrew also stated that he is looking forward to a long-lasting relationship with Del-One.
Senator Tom Carper congratulated both organizations for working together to help the people they serve, and stated that those organizations that are in the business of helping people are strong when working together.
Congresswoman Lisa Blunt-Rochester commented this partnership is about strengthening Delaware communities and Delaware families. She also stated that “sticks in a bundle are unbreakable”, and Del-One FCU and Delaware Electric Co-Op are stronger as partners, working together for the members.
Del-One Federal Credit Union is $420 million in assets with 10 full service branch locations and over 55,000 members. Del-One has been recognized as a Top Workplace and Delaware’s Best Credit Union for the past five years.
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