Overview / Commentary
Dowagiac Area Federal Credit Union is headquartered in Dowagiac and is the 188th largest credit union in the state of Michigan. It is also the 3,481st largest credit union in the nation. It was established in 1972 and as of March of 2020, it had grown to 5 employees and 2,204 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
Health
C+
Data as of Q1 2020
Learn why bank health mattersAdditional 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 | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.12% |
| Return on Equity - YTD | -1.28% |
| Annual Interest Income | $117.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $17.4MM$17.7MM |
| Loans | Q1 2020vs Q1 2019 | $8.2MM$8.7MM |
| Deposits | Q1 2020vs Q1 2019 | $15.8MM$16.1MM |
| Equity Capital | Q1 2020vs Q1 2019 | $1.6MM$1.6MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $39.00K$32.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $182.00K$140.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |