Average User Rating:
5 star rating based on 2 reviews.

DFCU Financial

PO Box 6048
Dearborn, MI 48121
888.336.2700
www.dfcufinancial.com

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DFCU Financial is headquartered in DEARBORN and is the largest credit union in the state of Michigan. It is also the 36^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 357 employees and 213,869 members. DFCU Financial has a 5-star health rating.

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

DFCU Financial Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$50k	-	Interest Checking Plus Account

DFCU Financial Savings Account Rates

Apy	Min	Max	Product
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

	Apy	Min	Max	Product
	0.35%	$100k	-	Insured Money Market Account

DFCU Financial CD Rates

Apy	Min	Max	Product
1.05%	$100k	-	5 Year Share Certificate
0.70%	$100k	-	3 Year Share Certificate
0.60%	$100k	-	2 Year Share Certificate
0.40%	$100k	-	1 Year Share Certificate
0.35%	$100k	-	6 Month Share Certificate
0.25%	$100k	-	3 Month Share Certificate

DFCU Financial IRA Rates

Apy	Min	Max	Product
1.05%	$100k	-	5 Year IRA Certificate
1.05%	$100k	-	5 Year Roth IRA Certificate
0.70%	$100k	-	3 Year IRA Certificate
0.70%	$100k	-	3 Year Roth IRA Certificate
0.60%	$100k	-	2 Year IRA Certificate
0.60%	$100k	-	2 Year Roth IRA Certificate
0.40%	$100k	-	1 Year IRA Certificate
0.40%	$100k	-	1 Year Roth IRA Certificate
0.35%	$100k	-	6 Month IRA Certificate
0.35%	$100k	-	6 Month Roth IRA Certificate
0.25%	$100k	-	3 Month IRA Certificate
0.25%	$100k	-	3 Month Roth IRA Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

DFCU FINANCIAL
NCUA #	61844
BankRate Report	View
Year Chartered	1936
Employees	357
Primary Regulator
Assets and Liabilities
Assets	$3.07 billion
Loans	$1.27 billion
Deposits	$2.61 billion
Equity Capital	$378.55 million
Loan Loss Allowance	$20.64 million
Unbacked Noncurrent Loans	$5.35 million
Real Estate Owned	$884,000
Historic Data - December 2010
Assets	$2.99 billion
Equity Capital	$360.19 million
Loan Loss Allowance	$22.39 million
Unbacked Noncurrent Loans	$10.80 million
Real Estate Owned	$3.30 million
Profit Margin - Quarterly
Net Interest Margin	4.88%
Return on Assets	0.67%
Return on Equity	5.4%
Interest Income	$94.65 million
Non-Interest Income	$28.68 million

Institution Health

Overall Score:

5 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 DFCU Financial had $6.23 million in non-current loans and owned real-estate with $399.2 million in equity and loan loss allowances on hand to cover it. This gives DFCU Financial a Texas Ratio of 1.56% 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 significantly from 3.69% as of December 31, 2010 to 1.56% as of December 31, 2011, resulting in a positive change of 57.64%.This indicates that the balance sheet and financial strength for DFCU Financial has improved significantly in recent periods.
Deposit Growth
In the past year, DFCU Financial has increased its total deposits by $107.2 million, resulting in 4.28% 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 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. DFCU Financial has $3.07 billion in assets with $399.2 million in equity, resulting in a capitalization level of 12.99%, which is excellent.

DFCU Financial
5 stars

- mibanks - Sunday, June 5, 2011 - 4:30 AM

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
5 stars

- uglijimus - Friday, May 27, 2011 - 11:23 PM

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.