Credit unions in Delaware

Credit unions: In the state of Delaware, the are 17 headquartered credit unions that operate over 50 branches for their members. There are over 248,000 credit union members in the state. This number is quite significant since the total population of the state is not even at one million residents. The largest credit union in the state is Del-One Federal Credit Union with a membership just shy of 70,000 residents. The cooperative has been in existence since 1960. It primarily serves those who work for some level of government. Members can extend membership to their immediate family members. 

There are several credit unions with membership specific to certain professions and employers, such as the State Police and a county school system. A few are also location-based cooperatives, which means if you live/work/worship in that area, you qualify for membership. This keeps with the original mission of credit unions. 

Car insurance: Car insurance in Delaware is extremely expensive compared to the national average. Drivers in the state can expect to pay at least 30% more than the national average for their plans. Reasons for this price spike are varied. The state does have a large number of retirees, which could be the reason for the price spike. 

It does not appear that credit unions in the state underwrite their own insurance policies. However, several of them have partnerships that offer their members discounts. One is partnered with Nationwide to offer their members discounts on all insurance policies. Another has a partnership with a local insurance broker who can offer discounts on insurance products to their members. 

When you live in a state with high rates, it is always wise to compare plans once per year. There may be an opportunity to get the same or better coverage at a lower price through partnerships your credit union has.