Deer Valley Credit Union

Deer Valley Credit Union (DVCU) was founded by a small group of Honeywell employees in April 1971. With the help of a $15,000 grant from Honeywell, the credit union opened operations in July of the same year under the name Phoenix Honeywell Employees Federal Credit Union. At the end of 1971, we had over 1800 members and $379,000 in assets.

Our credit union was founded on the principals of "people helping people" and we operate as a not-for-profit financial cooperative. Our mission is to significantly improve our members' lives with quality financial products and services. For the past 36 years, DVCU has been on the forefront of adding new services to our members including:

Auto loans (1972)

Mortgage loans (1975)

Share certificates (1979)

IRA's (1982)

Checking accounts (1983)

Visa credit cards (1983)

Ultra Access-voice response banking (1991)

Visa debit cards (1994)

Remote Banking-Internet banking (1996)

Online bill payment (1998)

Money market accounts (1999)

Service center (2003)

Shared branching (2003)

Opened Anthem branch (2004)

Opened Union Hills branch for Honeywell employees (2004)

Opened Arrowhead branch (2004)

Electronic statements (eStatements) (2005)

Opened Surprise branch (2006)

Merged with Arizona Grocer's Credit Union (2007)

As of June 2007, we have approximately 22,000 members with over $245 million in assets. The future looks bright for our credit union due to the support of our members, the openness of our field of membership, the desire to provide world-class services and our financial strength.