Diversified Members Credit Union is headquartered in Detroit and is the 40th largest credit union in the state of Michigan. It is also the 679th largest credit union in the nation. It was established in 1929 and as of June of 2019, it had grown to 78 employees and 26,267 members at 5 locations. Diversified Members Credit Union's money market rates are 3X the national average, and it 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
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62339 |
| Year Chartered | 1929 |
| Employees | 78 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 1.42% |
| Annual Interest Income | $7.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $400.0MM$413.5MM |
| Loans | Q2 2019vs Q2 2018 | $158.7MM$138.1MM |
| Deposits | Q2 2019vs Q2 2018 | $305.5MM$319.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $81.7MM$85.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $2.0MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.0MM$1.3MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $460.00K$48.00K |
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.
* 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
Diversified Members Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.40%* | $100k* | - | Money Market | ||
| OTHER TIERS: 1.20% → $2.5k - $25k | 1.25% → $25k - $50k | 1.30% → $50k - $100k | |||||
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 |
|---|---|---|---|---|
| 3.00% | $200 | - | 60 Month CD | |
| 2.80% | $200 | - | 36 Month CD | |
| 2.60% | $200 | - | 24 Month CD | |
| 2.50% | $200 | - | 13 Month CD Special - New Money | |
| 2.10% | $200 | - | 12 Month CD | |
| 1.80% | $200 | - | 6 Month CD |
Diversified Members Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $200 | - | 60 Month IRA | |
| 2.80% | $200 | - | 36 Month IRA | |
| 2.60% | $200 | - | 24 Month IRA | |
| 2.50% | $200 | - | 13 Month IRA Special - New Money | |
| 2.10% | $200 | - | 12 Month IRA | |
| 1.80% | $200 | - | 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 |