Del-One Federal Credit Union has partnered with the Delaware Electric Co-Op in a move that makes Delaware Electric’s 93,000 members eligible to join the credit union.
In a statement, the credit union said the partnership between the two cooperatives “shows cross-industry cooperation and how cooperatives can work together for the benefit of their members.”
The two organizations stressed the importance of the seven cooperative principles, including cooperation among cooperatives; education, training and information; and putting people before profits.
The collaboration was also hailed by lawmakers, including U.S. Sen. Tom Carper and U.S. Rep. Lisa Blunt-Rochester, who said the partnership helps strengthen communities and families across the state.
“Sticks in a bundle are unbreakable,” she said, adding that the two institutions will be stronger as partners working together for members.