Dowagiac Area Federal Credit Union is headquartered in Dowagiac and is the 190th largest credit union in the state of Michigan. It is also the 3,486th largest credit union in the nation. It was established in 1972 and as of June of 2019, it had grown to 5 employees and 2,291 members at 1 location. Dowagiac Area Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Dowagiac Area Federal Credit Union is open to those who live or work in the townships of LaGrange, Wayne, Pokagon, Volinia, Penn, Silver Creek, Marcellus, Paw Paw, or Decatur in Cass and Van Buren Counties. Immediate family may also join.
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 21070 |
| Year Chartered | 1972 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 8.24% |
| Annual Interest Income | $274.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $17.5MM$17.6MM |
| Loans | Q2 2019vs Q2 2018 | $8.9MM$8.4MM |
| Deposits | Q2 2019vs Q2 2018 | $15.8MM$16.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $1.6MM$1.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $37.00K$27.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $173.00K$162.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Dowagiac Area Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Dowagiac Area Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | - | - | IRA Share Accounts | |
| 0.15% | $200 | - | Shares | |
| 0.15% | - | - | Christmas Club | |
| 0.15% | - | - | Kid's Club |
Dowagiac Area Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $1k | - | Money Management |
Dowagiac Area Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $200 | - | Share Draft |
| Dowagiac Area Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 473 E Division St | Dowagiac, MI 49047-1541 |