Joseph Leary, the first president of DPL Federal Credit Union, spearheaded the opening of our credit union in 1962. His goal was to “make the financial welfare of credit union members the number one priority.” With that thought and the limited vision of serving the employees of the Delmarva Power & Light Company, Mr. Leary coined the phrase “Vision to see the future and the wisdom to prepare for it.” This statement set the tone for future leaders of the credit union. Over the past five decades the DPL Federal Credit Union has constantly reevaluated its purpose. We have consistently arrived at the same conclusion, “our goal is to make the financial welfare of credit union members our number one priority.”

In 2004 we expanded this vision to include service to employees of the News Journal Company and Hercules, Incorporated. We found we were better for these expansions and repeated the process when we acquired United Communities credit union serving the City of Wilmington in 2005. Throughout these processes our goal has been controlled and managed growth, while improving services to the members. We have also maintained high standards for lending and issuing checking accounts. Today DPL serves over 9,000 members who have entrusted $107 million to our care; and our operation is considered well-capitalized by our regulators.

During the last quarter of 2009 we again focused our vision on the future. In attempting to prepare for a brighter future, we embarked on expanding our vision once more. This time we chose to amplify our vision by offering services to all residents, employees and businesses in New Castle County, north of the Chesapeake and Delaware Canal. This expansion involves relocating the News Journal branch to Quigley Boulevard & Route 273, to make it more accessible, and plans for a modern full-service branch in the Route 40 area.

The National Credit Union Administration has granted us a Community Charter with a new name, Community Powered Credit Union.

Our new name, Community Powered Credit Union, is intended to highlight where we came from, while announcing to the community at large that, they too are invited to join our credit union family.