About mydfcu.

History

In early 1964, William Dillard moved the headquarters for Dillard’s Department Stores to Little Rock, Arkansas. The offices were located in the newly acquired Joseph Pfeifer Department Store and Gus Blass Company on Main Street.

The first annual meeting was held on January 24, 1967. Because of the growth and expansion of Dillard’s Department Stores, the Board saw the need to offer Credit Union membership to Dillard’s employees in the Arkansas stores outside of Little Rock.

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The Difference

Credit Unions are cooperatives, which means that they are democratically controlled and owned by the members. Credit Unions are not-for-profit organizations and are run by a board of directors that are all volunteers and that have been elected by the members of the Credit Union. By contrast, banks are for-profit organizations and are controlled and owned by the stock holders. Depending on how many stockholders there are and how much each individual stock holder owns, there would be a possibility of only a few people in control.

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Executive Team

The current Board and Management of Dillard’s Federal Credit Union are excited about the future of the credit union and look forward to finding new and improved products and services for the credit unions members.

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