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 191st largest credit union in the state of Michigan. It is also the 3,532nd largest credit union in the nation. It was established in 1972 and as of December of 2018, it had grown to 4 employees and 2,325 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
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD7.75%
Annual Interest Income$479.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$16.9MM$17.5MM
LoansQ4 2018vs Q4 2017$9.0MM$8.0MM
DepositsQ4 2018vs Q4 2017$15.3MM$16.0MM
Equity CapitalQ4 2018vs Q4 2017$1.5MM$1.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$32.00K$25.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$155.00K$167.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$183.00K
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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