Diversified Members Credit Union
Overview / Commentary
Diversified Members Credit Union is headquartered in Detroit and is the 35th largest credit union in the state of Michigan. It is also the 633rd largest credit union in the nation. It was established in 1929 and as of March of 2018, it had grown to 71 employees and 24,688 members at 5 locations. Diversified Members Credit Union has 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
Health
A
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62339 |
| Year Chartered | 1929 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 1.83% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $416.8MM$426.6MM |
| Loans | Q1 2018vs Q1 2017 | $134.0MM$113.9MM |
| Deposits | Q1 2018vs Q1 2017 | $323.6MM$332.8MM |
| Equity Capital | Q1 2018vs Q1 2017 | $85.2MM$83.6MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $1.9MM$1.8MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $1.1MM$704.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $48.00K$0 |
Rates
Rates for Diversified Members Credit Union are currently being reviewed.
Locations
| 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 |