Del-One FCU Joins Community Initiative to Bring Financial Services to Bank Desert

Del-One is partnering with the New Banking Delaware/Banking Desert Initiative which is focused on bringing financial services to a span along the Route 9 corridor from Southbridge to Old New Castle.

DEl One Bank DesertL-R: Banking Desert Initiative Co-Founder Ron Handy Sr., Del-One FCU President/CEO Ron Baron, State Treasurer Colleen Davis,
Banking Desert Initiative Co-Founder Larry Lambert

Del-One Federal Credit Union cut the ribbon on a new ITM, or interactive teller machine, at the Rosehill Community Center near Wilmington last week. The iTM offers immediate access to a live remote teller during business hours, when a live teller can answer questions and personally assist the member with transactions. The machine also functions as an ATM. In addition, Del-One staff will be on site twice a week to assist members.

The grassroots Banking Desert Initiative was formed after residents of the communities voiced their concerns about the lack of access to financial services. As co-founder of the initiative Larry Lambert stated, “When you don’t have financial services for years and generations of people are cashing checks at liquor stores, it starts to change how you look at financial literacy. It changes how you handle money.”

Del-One FCU President & CEO Ron Baron became aware of the situation and realized the “Banking desert initiative is exactly what Del-One Federal Credit Union has been doing for nearly 60 years, helping people map out their financial pathway in life,” and the partnership began.

Delaware State Treasurer Colleen Davis presented a proclamation to Mr. Lambert, Mr. Baron, and Mr. Ron Handy, the other co-founder of the banking desert initiative. Ms. Davis stated, “Delaware’s Route 9 Corridor is unique. It’s history is diverse, and its sense of community are a beacon that shines as an example throughout the state.”

The partnership will continue to grow, as plans of a Del-One Student Branch at William Penn High School, and a full-service Del-One branch at the former Elbert Palmer Elementary School in Southbridge commence.

Mr. Baron emphasized Del-One’s commitment to the Route 9 Corridor and the Banking Desert Initiative by not only bringing financial services to the area, but also employment as Del-One will hire members of the community to staff the new branch. Del-One Federal Credit Union is the credit union “that wants to make a difference” and will continue to work with members of this initiative to make a positive change for the approximately 16,000 residents of the Route 9 Corridor.