Diversified Members Credit Union

Overview / Commentary
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 678th largest credit union in the nation. It was established in 1929 and as of June of 2020, it had grown to 69 employees and 26,373 members at 4 locations. Diversified Members Credit Union's CD rates are 11% higher than the national average, and it boasts 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) 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 Grade Components

NCUA #62339
Year Chartered1929
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD1.3%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$450.2MM$400.0MM
LoansQ2 2020vs Q2 2019$172.5MM$158.7MM
DepositsQ2 2020vs Q2 2019$360.0MM$305.5MM
Equity CapitalQ2 2020vs Q2 2019$81.4MM$81.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.4MM$2.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.1MM$1.0MM
Real Estate OwnedQ2 2020vs Q2 2019$173.00K$460.00K
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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

0.50%--Traditional IRA
0.50%--Rollover Traditional IRA
0.50%--Roth IRA Shares
0.40%$100-My Future Savings
0.35%--Christmas Club
0.35%--Vacation Club
0.20%--Savings Shares
0.20%--Sub Savings

Diversified Members Credit Union Money Market Rates

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

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

1.15%$200-60 Month CD
1.00%$200-36 Month CD
1.00%$25-12 Month Save to Win CD
0.80%$200-24 Month CD
0.60%$200-12 Month CD
0.40%$200-6 Month CD

Diversified Members Credit Union IRA Rates

1.15%$200-60 Month IRA
1.00%$200-36 Month IRA
0.80%$200-24 Month IRA
0.60%$200-12 Month IRA
0.40%$200-6 Month IRA

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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