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Overview / Commentary
400 Town Center Dr
Dearborn, MI 48126

DFCU Financial is headquartered in Dearborn and is the 2nd 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 2018, it had grown to 390 employees and 226,728 members at 28 locations. DFCU Financial's CD rates are 11% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in DFCU Financial is open to anyone through membership in The Henry Ford Museum ($60 annual fee). Membership is also open to those who live, work, attend school or worship in Michigan's lower peninsula.
See current membership details

Reviews (8)

Great experience

I was a member of the credit union for 20 years. I lived in the area and where I worked they had a branch onsite so it could not have been easier to do my banking when needed at a branch office. I liked the feeling that it was not a faceless corporation in attitude, even though you know overall, they are businesses and need to make a profit to stay afloat. I found their fees and minimum balance requirements to be more reasonable than a bank. I liked that they were member owned, it felt like they looked out more for the members instead of just the bottom line. I never had a serious issue in my 20 years with them. My only problem at times would be the fact that since they were smaller than a large bank, finding a fee free ATM could be a challenge but I did find some close to my house. It just meant you needed to plan ahead a little bit more if you wanted to go out and have cash with you to avoid the transaction fees. I would still be a customer of theirs if I lived in the area. I had to move out of the area, so it just wasn't a good option for me anymore since I could not get to an ATM or branch office easily. I would recommend using this credit union as I am sure that since the time I have been a customer, they have only improved on their services.

Good credit union

Posted by: sn1 | Sep 20, 2014

The staff was always polite and made themselves readily available to answer any questions I had. I was provided with much better interest rates going through DFCU.

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

Posted by: mibanks | Jun 5, 2011

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

Posted by: uglijimus | May 27, 2011

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.

Dearborn Financial Credit Union, a satisfactory place to bank.

Posted by: Krisbee | Oct 10, 2016

My credit union as a whole has usually always provided a satisfactory experience. It is on the smaller side so you typically get the feeling that you are important to them. The customer service is always top notch. They tend to err on the side of caution when fraudulent activity is suspected. This has been both a good and bad thing. On one occasion it prevented some one whom had stolen my debit card information from racking up almost $500 in purchases. On another occasion it caused me to have to make a call to my bank in order for me to purchase my family's groceries. We also had an experience a few years ago where our account was hacked and $150 was stolen. There was paperwork that we needed to fill out to get the money back (a very outdated process in my opinion), that we were never told about when we contacted customer service. This delayed us getting our money back for about 6 weeks. These however, were our only negative experiences. Otherwise we have been pleased with our credit union.

A former member's opinion

Posted by: Marcus | Aug 28, 2014

When I lived in Michigan, I was a member of the Dearborn Federal Credit Union, and I was satisfied with my banking needs. They were a decent group and would employ profits sharing annually to all of their members. I was disappointed with their online site, and the difficulty in getting to their customer service. Their limited number of branches and ATMs made withdrawing cash without fees, or having to purchase something I didn't need to get cashback, difficult. I am no longer a member.


It does NOT make you feel comfortable AT ALL when you speak to a bank MANAGER and she tells you at first your account doesn't exist!! Also, I had deposited CASH yet was denied access to these funds for 5 days even though after calling them all day long they told me my money was definitely back in my account. I needed this money to live on and to get my dog's lifelong meds for a life threatening condition. I had NO other money. They didn't care! Also they had told me my deposit was made at a foreign atm. NOT true. It was deposited at my branch location. They ALSO told me I had deposited after 7:30pm when it was ACTUALLY between 3pm-3:30pm. I have never had such a horrid experience with a bank in my life! STAY AWAY!!


Health Grade Components

NCUA #61844
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD14.37%
Annual Interest Income$27.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$4.75B$4.55B
LoansQ1 2018vs Q1 2017$1.04B$1.05B
DepositsQ1 2018vs Q1 2017$4.24B$4.03B
Equity CapitalQ1 2018vs Q1 2017$469.9MM$479.6MM
Loan Loss AllowanceQ1 2018vs Q1 2017$8.0MM$8.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.8MM$1.8MM
Real Estate OwnedQ1 2018vs Q1 2017$428.00K$388.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

DFCU Financial Savings Account Rates

0.30%*$100k*-Business Savings
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.05%--Savings Account
0.05%--Holiday Savings Account
0.05%--Special Savings Account
0.05%--IRA Savings

DFCU Financial Money Market Rates

0.30%*$100k*-Insured Money Market Account
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

DFCU Financial Checking Account Rates

0.10%*$50k*-Interest Checking Plus
OTHER TIERS: 0.05% Up to $50k
0.10%*$50k*-Business Interest Checking Plus
OTHER TIERS: 0.05% Up to $50k

DFCU Financial CD Rates

1.50%*$100k*-5 Year Share Certificate
OTHER TIERS: 0.80% $1k - $25k | 0.90% $25k - $100k
1.30%*$100k*-3 Year Share Certificate
OTHER TIERS: 0.40% $1k - $25k | 0.45% $25k - $100k
1.10%*$100k*-2 Year Share Certificate
OTHER TIERS: 0.35% $1k - $25k | 0.40% $25k - $100k
1.00%*$100k*-1 Year Share Certificate
OTHER TIERS: 0.25% $1k - $25k | 0.30% $25k - $100k
1.00%*$100k*-Business 5 Year CD
OTHER TIERS: 0.80% $1k - $25k | 0.90% $25k - $100k
0.60%*$100k*-Business 3 Year CD
OTHER TIERS: 0.40% $1k - $25k | 0.45% $25k - $100k
0.50%*$100k*-Business 2 Year CD
OTHER TIERS: 0.35% $1k - $25k | 0.40% $25k - $100k
0.35%*$100k*-Business 1 Year CD
OTHER TIERS: 0.25% $1k - $25k | 0.30% $25k - $100k
0.30%*$100k*-6 Month Share Certificate
OTHER TIERS: 0.20% $1k - $25k | 0.25% $25k - $100k
0.30%*$100k*-Business 6 Month CD
OTHER TIERS: 0.20% $1k - $25k | 0.25% $25k - $100k
0.25%*$100k*-3 Month Share Certificate
OTHER TIERS: 0.15% $1k - $25k | 0.20% $25k - $100k
0.25%*$100k*-Business 3 Month CD
OTHER TIERS: 0.15% $1k - $25k | 0.20% $25k - $100k

DFCU Financial IRA Rates

1.50%*$100k*-5 Year IRA Certificate
OTHER TIERS: 0.80% $1k - $25k | 0.90% $25k - $100k
1.30%*$100k*-3 Year IRA Certificate
OTHER TIERS: 0.40% $1k - $25k | 0.45% $25k - $100k
1.10%*$100k*-2 Year IRA Certificate
OTHER TIERS: 0.35% $1k - $25k | 0.40% $25k - $100k
1.00%*$100k*-1 Year IRA Certificate
OTHER TIERS: 0.25% $1k - $25k | 0.30% $25k - $100k
0.30%*$100k*-6 Month IRA Certificate
OTHER TIERS: 0.20% $1k - $25k | 0.25% $25k - $100k
0.25%*$100k*-3 Month IRA Certificate
OTHER TIERS: 0.15% $1k - $25k | 0.20% $25k - $100k


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