Diversified Members Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.10% | 5-year CD | 60 Months CD 1.85% - Synchrony Bank 60 Month CD |
| 1.00% | 1-year CD | 12 Months CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.25% | Savings | Sub Savings 1.00% - Ally Bank Online Savings Account |
Diversified Members Credit Union is headquartered in Detroit and is the 32nd largest credit union in the state of Michigan. It is also the 585th largest credit union in the nation. It was established in 1929 and as of June of 2016, it had grown to 57 employees and 24,995 members at 5 locations. Diversified Members Credit Union's CD rates are 11% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Diversified Members Credit Union of Michigan is open to any resident, church member, or person that works throughout the state of Michigan.
See current membership details
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62339 |
| Year Chartered | 1929 |
| Employees | 57 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 1.77% |
| Annual Interest Income | $6.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $423.2MM$437.8MM |
| Loans | Q2 2016vs Q2 2015 | $105.3MM$82.5MM |
| Deposits | Q2 2016vs Q2 2015 | $335.3MM$350.1MM |
| Equity Capital | Q2 2016vs Q2 2015 | $82.5MM$76.8MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.6MM$1.6MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $717.00K$963.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$72.00K |
Always verify rates and promotions with the bank or credit union. We are not Diversified Members Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Diversified Members Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Traditional IRA | |
| 0.50% | - | - | Rollover Traditional IRA | |
| 0.50% | - | - | Roth IRA Shares | |
| 0.35% | - | - | Christmas Club | |
| 0.25% | - | - | Savings Shares | |
| 0.25% | - | - | Sub Savings | |
| 0.25% | - | - | Youth Savings |
Diversified Members Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | DMCU Checking |
Diversified Members Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10% | $500 | - | 60 Months CD | |
| 1.50% | $500 | - | 36 Months CD | |
| 1.25% | $500 | - | 24 Months CD | |
| 1.00% | $500 | - | 12 Months CD | |
| 0.60% | $500 | - | 6 Months CD |
Diversified Members Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10% | $500 | - | 60 Months IRA | |
| 1.50% | $500 | - | 36 Months IRA | |
| 1.25% | $500 | - | 24 Months IRA | |
| 1.00% | $500 | - | 12 Months IRA | |
| 0.60% | $500 | - | 6 Month IRA |
| Diversified Members Credit Union Locations | ||
|---|---|---|
| Branch Office | 2 Woodward Ave Rm 118 | Detroit, MI 48226-3476 |
| Branch Office | 25150 Trans X Rd | Novi, MI 48375-2438 |
| Branch Office | 1480 E Jefferson Ave | Detroit, MI 48207 |
| Branch Office | 625 N Main St | Clawson, MI 48017-1529 |
| Branch Office | 25880 Novi Rd | Novi, MI 48375-1610 |