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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 42nd largest credit union in the state of Michigan. It is also the 705th largest credit union in the nation. It was established in 1929 and as of March of 2022, it had grown to 86 employees and 25,879 members at 4 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

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 CD Match - 11/16/2021

I had a CD mature at Diversified and was going to open a 49 month CD at NASA via "Shared Branching" and much to my surprise Diversified offered to match the NASA CD. That's a first for me. To qualify as "new money" they had to transfer the money out to NASA via shared branching and then pull it back in. Very nice, as Diversified's early withdrawl penalty is lower than NASA's. With the current possible rising rate environment that could become a factor. Thanks Diversified!

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Reviews (1)

DMCU Customer Service (Ronette Gault)

Posted by: |

I’m not really good with these phones, as far as going to putting in different stuff to put information in and just getting confused! But when I tell you, DMCU! I always get a sound of hissing from Customer Service because I’m not as sharp on these computers as most are, and I understand because it takes me a while to get it right !! But today, Ms. Ronette Gault, was so patient with and kind! It took me so long, after she helped me activate my Debit card and get codes from my email. Then I asked about getting discounts for Traveling and other ways to get money through DMCU, she explained and walked me through it with such patience, because trust and believe She was on that phone with me for a while. So finally, after she got me through it, she said Ms. Idleburg If you can, I understand! But I would like a review if you can get back to the site. So I told her if it takes me until tomorrow, I’ll figure it out and most definitely give you a review! And it took me a couple of hours to get here, but I did it! She’s really patience and kind,, I was really impressed with her, because I get aggravated because I’m steadily getting confused and she was still like take your time, and finally she got me together! Thank You So Much!

1


Health
A

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #62339
Year Chartered1929
Employees86
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD1.28%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$507.8MM$507.1MM
LoansQ1 2022vs Q1 2021$243.1MM$209.5MM
DepositsQ1 2022vs Q1 2021$414.1MM$417.7MM
Equity CapitalQ1 2022vs Q1 2021$86.3MM$82.3MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.9MM$2.4MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$953.00K$1.1MM
Real Estate OwnedQ1 2022vs Q1 2021$0$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
0.10%--Savings Shares
0.10%--Sub Savings

Diversified Members Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Money Market
OTHER TIERS: 0.30% → $2.5k - $25k | 0.35% → $25k - $50k | 0.40% → $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
2.00%$200-60 Month CD
1.50%$200-36 Month CD
1.30%$200-24 Month CD
1.00%$200-12 Month CD
1.00%$25-12 Month Save to Win CD
0.60%$200-6 Month CD

Diversified Members Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$200-60 Month IRA
1.50%$200-36 Month IRA
1.30%$200-24 Month IRA
1.00%$200-12 Month IRA
0.60%$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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