Who We Are
DVA Federal Credit Union was established in 1932 as the Veterans Employees Credit Union of the District of Columbia. Our name was changed in 1997 when the Veterans Administration was elevated to a Cabinet level position. As a result, we were granted the opportunity to serve potential members in the underserved areas of Washington, D.C. Since 1932, our membership has grown to include almost 13,000 members. We have $112 million in assets.
DVA Federal Credit Union is a cooperative institution owned by its members and established for the purpose of encouraging thrift, creating a source of credit at a fair, reasonable cost, and providing an opportunity for members to use and control their own money in order to improve their economic conditions.
The mission of DVA Federal Credit Union is to provide members with quality, timely, cost-effective, and personalized financial services that contribute to their economic well-being while maintaining the Credit Union's financial soundness and stability.
The Credit Union Philosophy
Credit unions are democratically owned and controlled institutions based on "People Helping People" principles. Credit union members elect the board of directors; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates, and lower cost services.