The National Credit Union Administration (NCUA) has approved the merger application between Del-One Federal Credit Union and Louviers Federal Credit Union, advancing a plan that would create one of Delaware’s largest credit unions. The proposed merger, which is now pending a vote by Louviers members, is expected to close in the fall of 2025 upon member approval.
Leadership from both institutions emphasized the merger as a strategic partnership designed to enhance member experience, strengthen employee opportunities, and expand community impact. With Del-One serving as the continuing credit union, the combined entity would operate a total of 16 branches statewide, offering greater accessibility to members across New Castle, Kent, and Sussex counties.
Key benefits outlined include the integration of all current Louviers staff and branches into the expanded Del-One network. Additionally, members would gain from improved digital banking tools, increased investment in technology, and broader access to services. The merged credit union would leverage a larger combined deposit base and capital reserve to provide more competitive rates, reduced fees, and new community programs. No layoffs are planned according to Louviers.
Del-One President and CEO Dan McCarthy stated that the merger represents a shared vision between the two institutions, rooted in community commitment and long-term financial health. “Like Louviers, Del-One does not just serve Delaware, it is of Delaware,” McCarthy said. “We believe this merger could bring incredible growth, innovation, and shared success for our teammates, members and community.”
Members of Louviers Federal Credit Union are expected to cast their votes in the coming months, with additional updates to be provided as the process advances.
