Dover Federal Credit Union

In the Community 2011

Mary Frey-Foss Retires After 43 Years of Service
Lynne S. Schaefer to Lead Business Services at Dover Federal
Dover Federal Team Brightens Holidays for Murphey School

Mary Frey-Foss Retires After 43 Years of Service

After 43 years of volunteer service to members of Dover Federal Credit Union, the retirement of Director Mary Frey-Foss was announced by Mr. Charles W. Miller, Chairman of the Board of Directors, during the Annual Meeting on March 19th. Ms. Frey-Foss, who served as Secretary of the Board during most of her tenure, received a standing ovation from the members for her dedication and hard work.

Keeping the needs of the membership foremost, Ms. Frey-Foss served on numerous committees during her years with Dover Federal, including the Building, Executive, Membership, Personnel Policy, Youth Membership, 401K, Marketing, and Product and SEG Development Committees. Her expertise and guidance were instrumental in helping to shape the growth and expansion of the credit union from one office on Dover Air Force Base to seven locations throughout the state. In addition, Ms. Frey-Foss was selected twice to represent Dover Federal Credit Union statewide as an Alternate Delegate to the Delaware Credit Union League.

Ms. Frey-Foss embraced the credit union philosophy of "People Helping People" in her other volunteer activities as well. In September 1995, Ms. Frey-Foss was honored and presented with the "Presidential Citation" at the National Convention of the Air Force Association in Washington DC. In 1998, Kent-Sussex Industries presented her with their Annual Appreciation Award for her dedicated support of the KSI mission.

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Lynne S. Schaefer to Lead Business Services at Dover Federal

February 3, 2011 Lynne Schwab Schaefer joined Dover Federal Credit Union in January as Vice President of Business Services. The new division, launching soon, will provide the Delaware business community with lending and deposit options. A familiar face on the Delaware financial scene, Ms. Schaefer brings over 20 years of diverse banking experience, most recently with WSFS Business Banking, to her new position. Her areas of expertise include regulatory compliance, training and development, performance consulting, investing, lending, and business development.

"We are pleased and fortunate to have a person with Lynne's credentials and experience to lead this new division," stated David Clendaniel, President and CEO of Dover Federal. "We are excited to introduce “the Dover Federal Way” to businesses in our communities and look forward to assisting with their banking needs."

Ms. Schaefer, a 1988 graduate of Salisbury University, received her Bachelor’s degree in Communications. In addition to her diverse banking career, Lynne is also active in the Community, volunteering with the American Heart Association and serving as a Member of the Board of the Southern Delaware American Heart Association. Ms. Schaefer is a past Honorary Commander with the Dover Air Force Base (Maintenance Squadron) and belongs to the Downtown Dover Rotary Club, The Greater Dover Committee, and the Central Delaware Chamber of Commerce. She resides in Wyoming, Delaware with her husband, Bill.

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Dover Federal Team Brightens Holidays for
Murphey School

January 25, 2011 Dover Federal team members have supported the Elizabeth W. Murphey School, located in Dover, through donations and by volunteering their time for school mentoring since 2007. Once again this year, the team was challenged by Karen Simpson, Executive Vice President, to brighten the holidays of the children at the School with a gift card of their own. In spite of tough economic situations, the Dover Federal team members responded by raising $2,184 in donations in just two days!

"The generous spirit of our team members helped make the Holidays a litter brighter for these special young people at the Murphey School," observed Ms. Simpson, "and their gift came directly from the heart. When it comes to community support, I can always count on our team to accept a challenge and come through."

The Elizabeth W. Murphey School provides residential care for children, ages 8-19, as well as health care, education, and counseling services.

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