DFCU Financial


Overview / Commentary
888-336-2700
400 Town Center Dr
Dearborn, MI 48126

DFCU Financial is headquartered in Dearborn and is the 3rd largest credit union in the state of Michigan. It is also the 53rd largest credit union in the nation. It was established in 1936 and as of March of 2024, it had grown to 498 employees and 240,203 members at 34 locations. DFCU Financial's money market rates are 9X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in DFCU Financial is open to those who live, work, worship, or attend school in Michigan's Lower Peninsula or in a six-county region around Tampa Bay, Florida.
See current membership details

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.

Cowardly Reps Who Can't Admit Error!

Posted by: |

3/23/23

I spoke with Mary in Credit Adjustment about a problem with my mortgage payment. She gave me several pieces of incorrect information about my account and DFCU policies in general. I called back and spoke to someone and got completely different (but accurate) information. When I called again to try to tell Mary what she had gotten wrong, she wouldn't take my call and told someone to transfer me to her voicemail. This tells me SHE KNEW SHE WAS WRONG!

Sierra was really nice and patient and placed me on hold several times to get me the correct information. But Mary? She's apparently a know-nothing hack who doesn't know what she's talking about. Not to mention a coward who didn't want to be called out on the erroneous "information" that she provided.

A former member's opinion

Posted by: |

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.

HORRIBLE WASTE OF TIME

I am a member at both Chase and DFCU. I started an LLC. I wanted information about small business loans and commercial loans because its a real estate company. I had to wait days to be able to speak to someone over the phone, there was no scheduling of any kind its like "theyll call you eventually...maybe". Someone calls and tries telling me that im not eligible for small business loans as a real estate company which is so bizarrely false as the SBA has multiple loans SPECIFICALLY for real estate companies. I try to get someone else, this guy calls me and I ask for information about what kind of small business loans are out there, he asks me how much I have to put down I say well I don't have anything speciifcally set aside for this I need to know how much I need to put down for the loan and then I'll put together that amount, he refused to explain any loans - told me there were a lot of loans out there but said to come back when I knew how much I had to put down and refused to tell me anything about any loans. His name is JERRY.

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Health
B+

Health Grade Components

Overall
NCUA #61844
Year Chartered1936
Employees498
Primary Regulator
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD19%
Annual Interest Income$49.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$6.42B$6.59B
LoansQ1 2024vs Q1 2023$1.78B$1.5B
DepositsQ1 2024vs Q1 2023$5.98B$6.2B
Equity CapitalQ1 2024vs Q1 2023$387.4MM$324MM
Loan Loss AllowanceQ1 2024vs Q1 2023$9.7MM$7.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.9MM$868K
Real Estate OwnedQ1 2024vs Q1 2023$52K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not DFCU Financial; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

DFCU Financial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$500k*-Business Savings
OTHER TIERS: 0.02% $0 - $2.5k | 0.50% $2.5k - $25k | 1.50% $25k - $50k | 2.00% $50k - $100k | 2.50% $100k - $250k | 2.75% $250k - $500k
0.02%$0-Savings Account
0.02%$0-Holiday Savings Account
0.02%$0-Special Savings Account
0.02%$0-IRA Savings

DFCU Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$1m*-Premier Money Market Account
OTHER TIERS: 0.02% $0 - $50k | 1.00% $50k - $100k | 2.50% $100k - $250k | 3.00% $250k - $500k | 3.50% $500k - $1m
3.00%*$500k*-Business Insured Money Market Account
OTHER TIERS: 0.02% $0 - $2.5k | 0.50% $2.5k - $25k | 1.50% $25k - $50k | 2.00% $50k - $100k | 2.50% $100k - $250k | 2.75% $250k - $500k
0.15%*$500k*-Insured Money Market Account
OTHER TIERS: 0.02% $0 - $100k | 0.05% $100k - $250k | 0.10% $250k - $500k

DFCU Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%*$50k*-Business Interest Checking Plus
OTHER TIERS: 0.01% $0 - $50k
0.02%*$50k*-DFCUPerks Plus
OTHER TIERS: 0.01% $0 - $50k

DFCU Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-7 Month Share Certificate Special
5.00%$1k-Business 7 Month Share Certificate Special
4.50%*$100k*-6 Month Share Certificate
OTHER TIERS: 4.25% $1k - $25k | 4.35% $25k - $100k
4.50%*$100k*-Business 6 Month Share Certificate
OTHER TIERS: 4.25% $1k - $25k | 4.35% $25k - $100k
4.25%*$100k*-3 Month Share Certificate
OTHER TIERS: 4.00% $1k - $25k | 4.15% $25k - $100k
4.25%*$100k*-Business 3 Month Share Certificate
OTHER TIERS: 4.00% $1k - $25k | 4.15% $25k - $100k
3.75%*$100k*-18 Month Share Certificate
OTHER TIERS: 3.25% $1k - $25k | 3.50% $25k - $100k
3.75%*$100k*-Business 18 Month Share Certificate
OTHER TIERS: 3.25% $1k - $25k | 3.50% $25k - $100k
3.50%$1k-1 Year Share Certificate
3.50%$1k-Business 1 Year Share Certificate
2.20%*$100k*-2 Year Share Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
2.20%*$100k*-3 Year Share Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
2.20%*$100k*-5 Year Share Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
2.20%*$100k*-Business 2 Year Share Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
2.20%*$100k*-Business 3 Year Share Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
2.20%*$100k*-Business 5 Year Share Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k

DFCU Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%*$100k*-6 Month IRA Certificate
OTHER TIERS: 4.25% $1k - $25k | 4.35% $25k - $100k
4.25%*$100k*-3 Month IRA Certificate
OTHER TIERS: 4.00% $1k - $25k | 4.15% $25k - $100k
3.75%*$100k*-18 Month IRA Certificate
OTHER TIERS: 3.25% $1k - $25k | 3.50% $25k - $100k
3.50%$1k-1 Year IRA Certificate
2.20%*$100k*-2 Year IRA Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
2.20%*$100k*-3 Year IRA Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
2.20%*$100k*-5 Year IRA Certificate
OTHER TIERS: 1.75% $1k - $25k | 2.00% $25k - $100k
Locations

Availability

Detroit Area

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