Dowagiac Area Federal Credit Union


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

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.
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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 - YTD-0.12%
Return on Equity - YTD-1.28%
Annual Interest Income$117.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$17.4MM$17.7MM
LoansQ1 2020vs Q1 2019$8.2MM$8.7MM
DepositsQ1 2020vs Q1 2019$15.8MM$16.1MM
Equity CapitalQ1 2020vs Q1 2019$1.6MM$1.6MM
Loan Loss AllowanceQ1 2020vs Q1 2019$39.00K$32.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$182.00K$140.00K
Real Estate OwnedQ1 2020vs Q1 2019$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
0.15%--Kid's 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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