DoverPhila Federal Credit Union gives back $13million paid throughout the year to its members and the Tuscarawas County community in 2024. This exceeds last year’s $9million and it also marks the 30th consecutive year that DoverPhila announced a bonus dividend.
The $13million total includes a range of financial benefits such as low-cost loans, competitive rates on interest-earning accounts, free financial resources, and an array of products and services—all designed to support and improve members’ financial well-being.
Member’s Year-End Dividend
As part of this give-back, DoverPhila returned $540,000 to members through a year-end bonus dividend, which was deposited into their accounts on January 1, 2025.
Additionally, DoverPhila distributed $10 dividends to approximately 1,400 youth members enrolled in DP’s Kids Club and DP’s Savers Club, further demonstrating its commitment to fostering financial wellness from an early age.
As a member-owned, community-focused financial cooperative, DoverPhila’s ability to reward its members stems from the strong relationships it maintains with them, including earnings on accounts, interest paid on loans, and debit card point-of-sale activity.
Community Contributions
DoverPhila made a meaningful investment in the community by partnering with local organizations to support key initiatives in health, education, scholarships, leadership development, and providing no-cost financial literacy resources.
Highlights of its contributions include:
- Over $40,000 to United Way of Tuscarawas County through donations and sponsorships to support programs improving the quality of life for individuals and families in need.
- Almost $30,000 in no-cost financial resources for local schools and community organizations.
- $10,000 for Starlight School’s new playground project, providing a safe, inclusive space for students with developmental disabilities and the community.
- $10,000 to Leader’s Edge ACTIVATION Program, delivering character development and leadership opportunities to over sixty schools and 7,200 students.
Additional sponsorships and donations supported organizations such as East Central Ohio ESC’s Family Reading Festival, Tuscarawas Arts Partnership’s Adelante Arts Camp, Rainbow Connection, Kent State University of Tuscarawas, Leadership Tuscarawas County, Friends of the Homeless of Tuscarawas County, Tuscarawas Clinic for the Working Uninsured, Tuscarawas County Community Hospice, Tuscarawas County Humane Society, Tuscarawas Philharmonic, Tuscarawas County Fair, Tuscarawas County Literacy Coalition, Big Brothers Big Sisters, Cleveland Clinic Union Hospital’s Run for Home, and many more.
Financial Programs & Resources
The Ohio Department of Commerce and the National Credit Union Foundation awarded DoverPhila with more than $20,000 in financial literacy grants. The funds supported initiatives like the award-winning Banzai program, Finances 101 the Game, and various financial wellness workshops. The credit union provides these resources at no cost to credit union members, to over forty area schools, to local organizations, and to the broader Tuscarawas County community.
Expansion of Products & Services
In 2024, DoverPhila expanded its suite of products and services to help members manage their finances even more conveniently. DPFCU’s enhanced mobile banking app now includes innovative features like debit card controls, allowing members to set spending limits, freeze and unfreeze cards, and receive real-time alerts for better security and control over financial accounts. The credit union introduced a Credit Builder Program designed to help members establish or improve their credit while providing personalized tools and guidance to support long-term financial success. DoverPhila started offering an 84-month term loan option on brand-new autos, making it easier for members to finance their dream vehicles with lower monthly payments. These enhancements reflect the credit union’s ongoing commitment to meeting the evolving needs of its members and supporting their financial goals at every stage of life.
Looking Ahead to 2025
DoverPhila is committed to expanding member benefits in 2025 by enhancing its digital resources, adding features to its mobile banking services, developing new lending opportunities, and more. The credit union remains dedicated to being Tuscarawas County’s trusted financial partner.
About DoverPhila Federal Credit Union
DoverPhila Federal Credit Union has proudly served Tuscarawas County for over 70 years. Anyone who lives, works, worships, or attends school in the county can join by making a simple $5 deposit at any of its five full-service locations in Dover, New Philadelphia, Newcomerstown, and Uhrichsville, or by opening an account online. For more information, call or text 330-364-8874.
