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Diversified Members Credit Union


Overview / Commentary
dmcu.com
313-568-5000
1480 E Jefferson Ave
Detroit, MI 48207

Diversified Members Credit Union is headquartered in Detroit and is the 41st largest credit union in the state of Michigan. It is also the 678th largest credit union in the nation. It was established in 1929 and as of June of 2020, it had grown to 69 employees and 26,373 members at 5 locations. Diversified Members Credit Union's CD rates are 11% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Diversified Members Credit Union is open to anyone who lives, works, or worships in the state of Michigan.
See current membership details

Related Posts

Diversified Members Credit Union Offers 3% APY On 60-Month CD - 11/14/2019

Diversified Members Credit Union (MI statewide) has competitive CDs: 13-month Special (2.50% APY), 36-month (2.80% APY) and 60-month (3.00% APY). $200 minimum.

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Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #62339
Year Chartered1929
Employees69
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD1.3%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$450.2MM$400.0MM
LoansQ2 2020vs Q2 2019$172.5MM$158.7MM
DepositsQ2 2020vs Q2 2019$360.0MM$305.5MM
Equity CapitalQ2 2020vs Q2 2019$81.4MM$81.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.4MM$2.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.1MM$1.0MM
Real Estate OwnedQ2 2020vs Q2 2019$173.00K$460.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Diversified Members Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Traditional IRA
0.50%--Rollover Traditional IRA
0.50%--Roth IRA Shares
0.40%$100-My Future Savings
0.35%--Christmas Club
0.35%--Vacation Club
0.20%--Savings Shares
0.20%--Sub Savings

Diversified Members Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market
OTHER TIERS: 0.25% → $2.5k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k

Diversified Members Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--DMCU Checking
0.05%$2.5k-Business Advantage Checking
0.05%$6k-Business Premiere Checking
0.01%$300-Business Checking

Diversified Members Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$200-60 Month CD
1.00%$200-36 Month CD
1.00%$25-12 Month Save to Win CD
0.90%$200-24 Month CD
0.80%$200-12 Month CD
0.70%$200-6 Month CD

Diversified Members Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$200-60 Month IRA
1.00%$200-36 Month IRA
0.90%$200-24 Month IRA
0.80%$200-12 Month IRA
0.70%$200-6 Month IRA
Locations


Diversified Members Credit Union Locations
Branch Office2 Woodward Ave Rm 118Detroit, MI 48226-3476
Branch Office25150 Trans X RdNovi, MI 48375-2438
Branch Office1480 E Jefferson AveDetroit, MI 48207
Branch Office625 N Main StClawson, MI 48017-1529
Branch Office25880 Novi RdNovi, MI 48375-1610

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