Dowagiac Area Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.15%	Savings	Share Savings 1.20% - Synchrony Bank High Yield Savings
0.10%	Checking	Share Draft 1.25% - Bank of Internet USA Rewards Checking
0.05%	Money Market	Money Management 0.85% - Ally Bank Money Market Account

View all Dowagiac Area Federal Credit Union rates »

Overview / Commentary

www.dafcu.net

269-782-2410

473 E Division St
Dowagiac, MI 49047-1541

Dowagiac Area Federal Credit Union is headquartered in Dowagiac and is the 201^st largest credit union in the state of Michigan. It is also the 3,575^th largest credit union in the nation. It was established in 1972 and as of March of 2017, it had grown to 4 employees and 2,483 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

Data as of Q1 2017

Learn why bank health matters

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 Chartered	1972
Employees	4
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.2%
Return on Equity - YTD	-2.52%
Annual Interest Income	$106.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$18.2MM$17.3MM
Loans	Q1 2017vs Q1 2016	$8.6MM$8.6MM
Deposits	Q1 2017vs Q1 2016	$16.6MM$15.8MM
Equity Capital	Q1 2017vs Q1 2016	$1.4MM$1.4MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$17.00K$25.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$401.00K$250.00K
Real Estate Owned	Q1 2017vs Q1 2016	$50.00K$32.00K

Rates

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Savings
Money Market
Checking

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Dowagiac Area Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.65%	-	-	IRA Savings
0.65%	-	-	Roth IRA Savings
0.15%	$200	-	Share Savings
0.15%	-	-	Christmas 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

Locations

Dowagiac Area Federal Credit Union Locations
Branch Office	473 E Division St	Dowagiac, MI 49047-1541