DFCU Financial

Overview / Commentary
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 54th largest credit union in the nation. It was established in 1936 and as of December of 2022, it had grown to 398 employees and 232,449 members at 34 locations. DFCU Financial's CD rates are 4X 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

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.

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: |


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.

Not Fair To Loyal Customers

Posted by: |

I have been with this credit union for 30 plus years. They have a reputation for not giving African American loans, Personal loans home loans etc. I have direct deposit. I have been on my job for 30 plus years. I requested a $3000 personal loan, and they turned me down. I will be changing my banking information to another credit union. Due to lack of respect from this one. please do not bank at this credit union something just doesn't smell right.



Health Grade Components

NCUA #61844
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD21.03%
Annual Interest Income$119.8MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$6.00B$6.46B
LoansQ4 2022vs Q4 2021$1.05B$907.0MM
DepositsQ4 2022vs Q4 2021$5.68B$5.64B
Equity CapitalQ4 2022vs Q4 2021$233.1MM$741.9MM
Loan Loss AllowanceQ4 2022vs Q4 2021$5.6MM$5.5MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$1.3MM$1.2MM
Real Estate OwnedQ4 2022vs Q4 2021$0$53.00K
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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

3.00%*$500k*-Business Savings
OTHER TIERS: 0.02% Up to $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%--Savings Account
0.02%--Holiday Savings Account
0.02%--Special Savings Account
0.02%--IRA Savings

DFCU Financial Money Market Rates

0.15%*$500k*-Insured Money Market Account
OTHER TIERS: 0.02% Up to $100k | 0.05% $100k - $250k | 0.10% $250k - $500k

DFCU Financial Checking Account Rates

0.02%*$50k*-Interest Checking Plus
OTHER TIERS: 0.01% Up to $50k
0.02%*$50k*-Business Interest Checking Plus
OTHER TIERS: 0.01% Up to $50k

DFCU Financial CD Rates

4.50%$1k-3 Month Share Certificate
4.50%$1k-6 Month Share Certificate
4.50%$1k-Business 3 Month Share Certificate
4.50%$1k-Business 6 Month Share Certificate
3.50%$1k-1 Year Share Certificate
3.50%$1k-Business 1 Year Share Certificate
3.00%$1k-18 Month Share Certificate
3.00%$1k-Business 18 Month 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

4.50%$1k-3 Month IRA Certificate
4.50%$1k-6 Month IRA Certificate
3.50%$1k-1 Year IRA Certificate
3.00%$1k-18 Month 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


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