Dover Federal Credit Union

Dover Federal Credit Union, established in 1958, is Delaware's largest financial cooperative serving over 45,000 members. Initially chartered by Air Force and civilian workers at Dover Air Force Base, the credit union focuses on promoting thrift, providing credit at competitive rates, and offering various financial services to its members. While primarily a financial services provider, Dover Federal has also engaged in investment activities, though specific stages and typical investment sizes are not detailed.

Among its notable portfolio companies is Mahalo Technologies, which has raised $20 million. Dover Federal's investment philosophy centers on member ownership and democratic control, ensuring that investments align with the cooperative's values of thrift and community support. The credit union offers unique value-add services by leveraging its extensive financial expertise and member-focused approach to support the growth and success of its portfolio companies.