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400 Town Center Dr
Dearborn, MI 48126

DFCU Financial is headquartered in Dearborn and is the largest credit union in the state of Michigan. It is also the 36th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 371 employees and 215,064 members. DFCU Financial has a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Michigan’s lower peninsula. - See Details

Reviews (3)

Don't choose banks, choose a credit union

I've been with this credit union for at least 5 years now. I love the amount of services this credit union provides. Also, since this is not a bank owned by shareholders, we, as members, get a dividend at the end of the year: $50 minimum and more if you have more interactions with them (i.e. mortgages, loans, etc). The customer service reps have always been helpful and the tellers are quick and accurate with the transactions. ATMs are 24/7, making it very convenient for me to get cash after the lobby/office closes. Loan rates and fees are much better than banks, I don't know why anyone would choose a privately owned bank over a credit union.

DFCU Financial

DFCU is a terrific credit union in southeast Michigan, which I highly recommend. Transactions are easy, staff have always been extremely helpful. This institution offers a wide range of loan products as well. In each of the past few years, a member dividend has been paid in January. The amount has been based on an average of deposits over the preceding year, but is always at least $50 for every member. I have been a member of this credit union for over 30 years, and cannot say enough positive things about it.

Dearborn Federal Credit Union Review

Though my parents have had dealings with them all their lives, I didn't until I needed a car loan. They were easy to deal with and did everything in a timely manner. I had to open up a savings account with them in order for my loan to be approved (which I didn't care for in the beginning) but soon enjoyed it after they started giving a $50 bonus at the end of the year for the first two years. Unfortunately they don't have this service anymore. Their statements are very clear and I've only called them once for clarification and they were very courteous and helpful.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 DFCU Financial had $2.92 million in non-current loans and owned real-estate with $414.09 million in equity and loan loss allowances on hand to cover it. This gives DFCU Financial a Texas Ratio of 0.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for DFCU Financial decreased slightly from 0.94% as of March 31, 2013 to 0.71% as of March 31, 2014, resulting in a positive change of 24.80%.This indicates that the balance sheet and financial strength for DFCU Financial has improved slightly in recent periods.

Deposit Growth


In the past year, DFCU Financial has increased its total deposits by $202.35 million, resulting in 6.63% 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 DFCU Financial has shown is excellent.



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. DFCU Financial has $3.69 billion in assets with $414.09 million in equity, resulting in a capitalization level of 11.21%, which is excellent.

Institution Statistics

NCUA #61844
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$3.69 billion
Loans$1.11 billion
Deposits$3.25 billion
Equity Capital$402.61 million
Loan Loss Allowance$11.48 million
Unbacked Noncurrent Loans$1.83 million
Real Estate Owned$1.09 million
Historic Data - March 2013
Assets$3.50 billion
Equity Capital$411.70 million
Loan Loss Allowance$17.42 million
Unbacked Noncurrent Loans$1.83 million
Real Estate Owned$687,000
Profit Margin - Quarterly
Net Interest Margin1.17%
Return on Assets1.39%
Return on Equity12.72%
Interest Income$22.49 million

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DFCU Financial Savings Account Rates

0.05%--Savings Account
0.05%--Holiday Savings Account
0.05%--Special Savings Account
0.05%--IRA Savings Account
0.05%--Roth IRA Savings Account

DFCU Financial Money Market Rates

0.30%$100k-Insured Money Market Account

DFCU Financial Checking Account Rates

0.10%$50k-Interest Checking Plus Account

DFCU Financial CD Rates

1.00%$100k-5 Year Share Certificate
0.60%$100k-3 Year Share Certificate
0.50%$100k-2 Year Share Certificate
0.35%$100k-1 Year Share Certificate
0.30%$100k-6 Month Share Certificate
0.25%$100k-3 Month Share Certificate

DFCU Financial IRA Rates

1.00%$100k-5 Year IRA Certificate
0.60%$100k-3 Year IRA Certificate
0.50%$100k-2 Year IRA Certificate
0.35%$100k-1 Year IRA Certificate
0.30%$100k-6 Month IRA Certificate
0.25%$100k-3 Month IRA Certificate

DFCU Financial has 24 locations. Click to view all DFCU Financial locations.