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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 682nd largest credit union in the nation. It was established in 1929 and as of September of 2020, it had grown to 74 employees and 26,354 members at 4 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

Related Posts

Diversified Members Credit Union (MI) Has Two Short-Term CD Specials - 2/5/2021

Diversified Members Credit Union (MI) is currently offering two CD Specials with terms of 13 and 18 months. $200 minimum opening deposit of new money.

Diversified Members Credit Union (MI) Offers 12-Month Add-On CD - 11/21/2020

Diversified Members Credit Union's (MI) 12-month Save to Win CD is an add-on CD with unlimited deposits allowed throughout the term. $25 min opening deposit.

Diversified Members C U 1% "Save To Win" CD - 11/14/2020

Michigan residents can open a "save to win" CD. Min deposit $25, no max. 1% 1 year add on. Never thought this would be a good rate but oh well, it is what it is.

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Health
A+

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #62339
Year Chartered1929
Employees74
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD1.54%
Annual Interest Income$11.0MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$458.3MM$392.1MM
LoansQ3 2020vs Q3 2019$188.9MM$161.2MM
DepositsQ3 2020vs Q3 2019$368.6MM$302.1MM
Equity CapitalQ3 2020vs Q3 2019$81.9MM$79.3MM
Loan Loss AllowanceQ3 2020vs Q3 2019$2.4MM$2.2MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.2MM$1.4MM
Real Estate OwnedQ3 2020vs Q3 2019$173.00K$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%--Traditional IRA
0.45%--Rollover Traditional IRA
0.45%--Roth IRA Shares
0.35%$100-My Future Savings
0.30%--Christmas Club
0.30%--Vacation Club
0.15%--Savings Shares
0.15%--Sub Savings

Diversified Members Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Money Market
OTHER TIERS: 0.20% → $2.5k - $25k | 0.25% → $25k - $50k | 0.30% → $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
1.15%$200-60 Month CD
1.10%$200-18 Month CD Special - New Money
1.00%$200-36 Month CD
0.85%$200-13 Month CD Special - New Money
0.80%$200-24 Month CD
0.60%$200-12 Month CD
0.60%$25-12 Month Save to Win CD
0.40%$200-6 Month CD

Diversified Members Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$200-60 Month IRA
1.10%$200-18 Month IRA Special - New Money
1.00%$200-36 Month IRA
0.85%$200-13 Month IRA Special - New Money
0.80%$200-24 Month IRA
0.60%$200-12 Month IRA
0.40%$200-6 Month IRA
Locations


Diversified Members Credit Union Locations
Branch Office2 Woodward Ave Rm 118Detroit, MI 48226-3476
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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