Dowagiac Area Federal Credit Union


Overview / Commentary
269-782-2410
473 E Division St
Dowagiac, MI 49047-1541

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

Membership 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.
See current membership details

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Dowagiac Area Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #21070
Year Chartered1972
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD8.24%
Annual Interest Income$274.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$17.5MM$17.6MM
LoansQ2 2019vs Q2 2018$8.9MM$8.4MM
DepositsQ2 2019vs Q2 2018$15.8MM$16.1MM
Equity CapitalQ2 2019vs Q2 2018$1.6MM$1.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$37.00K$27.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$173.00K$162.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Dowagiac Area Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%--IRA Share Accounts
0.15%$200-Shares
0.15%--Christmas Club

Dowagiac Area Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Money Management

Dowagiac Area Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$200-Share Draft
Locations


Dowagiac Area Federal Credit Union Locations
Branch Office473 E Division StDowagiac, MI 49047-1541

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