Del-One FCU & Louviers FCU One Step Closer to a Merger

The NCUA has approved a merger application between Del-One Federal Credit Union and Louviers Federal Credit Union. The Board of Directors and Executive Teams of both organizations recognized the opportunity of joining together to create a larger institution that shares a strong commitment to members, employees and the community. Together, the credit unions will be able to provide more locations and better products and services for members, as well as competitive benefits and enhanced growth opportunities for employees.

Benefits of the merger include:

• Expanded branch network: All existing employees and branches of Louviers will be retained as part of the merger, allowing members to benefit from the deep knowledge and geography offered by the larger 16-branch network.
• Improved technology: Continual investment in the latest technology will make it easier for members to manage their finances.
• Greater membership value: Improve member service, provide new credit union membership opportunities, expand community support programs, and offer more competitive rates and fees

President and CEO of Del-One FCU, Dan McCarthy and President and CEO of Louviers FCU, Chris Davis have prioritized transparency by consistently sharing updates about the merger with employees of both credit unions. Dan McCarthy stated, "Like Louviers, Del-One does not just serve Delaware, it is of Delaware and is committed to the long-term financial fitness of our community. We could not be more excited by the possibilities ahead and believe this merger could bring incredible growth, innovation, and shared success for our teammates, members and community.".

Current members of Louviers Federal Credit Union will now vote on the proposed merger. Upon an affirmative vote, the merger would proceed to closing in the fall of 2025.