History of DVCU

People Helping People

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 41 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)
  • Online Banking-Internet banking (1996)
  • Online bill payment (1998)
  • Money market accounts (1999)
  • Service center (2003)
  • Shared branching (2003)
  • Opened Anthem branch (2004)
  • Opened Arrowhead branch (2004)
  • Electronic statements (eStatements) (2005)
  • Opened Surprise branch (2006)
  • Merged with Arizona Grocer's Credit Union (2007)
  • eMail and text alerts (2008)
  • Credit Card cash back rewards (2009)
  • High Yield checking account (Participation Account - 2009)
  • New Online Banking-Internet Banking (2015)
  • Deposit Checks Online (2016)
  • Mobile Banking Application for iOS and Android (2016)

As of January 2016, we have approximately 15,600 members with over $212 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.