Dearborn Village Community Credit Union

Dearborn Village Community Credit Union Locations

4353 Maple
Dearborn, MI 48126
(313) 584-5400
www.dvccu.org

OverView
Rates
Health
Reviews

Dearborn Village Community Credit Union is headquartered in DEARBORN and is the 229^th largest credit union in the state of Michigan. It is also the 3,827^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 9 employees and 3,589 members. Dearborn Village Community Credit Union's CD rates are 23% higher than the national average, and it has a 4-star health rating.

10.47% 12-Month CD at a Michigan CU - $1K Max (Dearborn Village Community) - 4/13/2007

Dearborn Village Community Credit Union has a special 12-month certificate with a yield of 10.47% APY. The maximum deposit is $1,000.It doesn't seem to be listed on their website. A reader mentioned this, and I called for details. Even though the maximum...

Report an Issue

See Rates for: Savings | Money Market | CD | IRA

Dearborn Village Community Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	-	-	IRA Share Account
0.05%	-	-	Share Savings Account
0.05%	-	-	Holiday Club Account

Dearborn Village Community Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.15%	$10k	-	Money Market Share Account

Dearborn Village Community Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$500	$100k	60 Month CD
1.11%	$500	$25k	12 Month Relationship CD
0.90%	$500	$100k	48 Month CD
0.75%	$500	$100k	36 Month CD
0.50%	$500	$100k	24 Month CD
0.35%	$500	$100k	12 Month CD
0.20%	$500	$100k	6 Month CD
0.15%	$500	$100k	3 Month CD

Dearborn Village Community Credit Union IRA Rates

Apy	Min	Max	Product
1.26%	$500	$100k	60 Month IRA
1.11%	$500	$25k	12 Month Relationship IRA
0.90%	$500	$100k	48 Month IRA
0.75%	$500	$100k	36 Month IRA
0.50%	$500	$100k	24 Month IRA
0.35%	$500	$100k	12 Month IRA
0.20%	$500	$100k	6 Month IRA
0.15%	$500	$100k	3 Month IRA

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

VILLAGE COMMUNITY
NCUA #	62237
BankRate Report	View
Year Chartered	1936
Employees	9
Primary Regulator
Assets and Liabilities
Assets	$16.81 million
Loans	$9.85 million
Deposits	$14.73 million
Equity Capital	$1.90 million
Loan Loss Allowance	$209,000
Unbacked Noncurrent Loans	$220,000
Historic Data - December 2010
Assets	$16.77 million
Equity Capital	$2.14 million
Loan Loss Allowance	$135,000
Unbacked Noncurrent Loans	$269,000
Profit Margin - Quarterly
Net Interest Margin	6.61%
Return on Assets	-1.24%
Return on Equity	-11.01%
Interest Income	$793,000
Non-Interest Income	$293,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Dearborn Village Community Credit Union had $220,000 in non-current loans and owned real-estate with $2.11 million in equity and loan loss allowances on hand to cover it. This gives Dearborn Village Community Credit Union a Texas Ratio of 10.44% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Dearborn Village Community Credit Union held steady from 11.81% as of December 31, 2010 to 10.44% as of December 31, 2011, resulting in a positive change of 11.58%.This indicates that the balance sheet and financial strength for Dearborn Village Community Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Dearborn Village Community Credit Union has increased its total deposits by $249,000, resulting in 1.72% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Dearborn Village Community Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Dearborn Village Community Credit Union has $16.81 million in assets with $2.11 million in equity, resulting in a capitalization level of 12.54%, which is excellent.