Overview / Commentary
Dowagiac Area Federal Credit Union is headquartered in Dowagiac and is the 161st largest credit union in the state of Michigan. It is also the 3,068th largest credit union in the nation. It was established in 1972 and as of March of 2025, it had grown to 5 employees and 1,831 members at 1 location. Dowagiac Area Federal Credit Union has a B 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
B
Data as of Q1 2025
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 | 0.85% |
| Return on Equity - YTD | 8.44% |
| Annual Interest Income | $270K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $24.4MM$23.3MM |
| Loans | Q1 2025vs Q1 2024 | $10.6MM$10.7MM |
| Deposits | Q1 2025vs Q1 2024 | $21.9MM$21.1MM |
| Equity Capital | Q1 2025vs Q1 2024 | $2.4MM$2.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $161K$46K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $159K$53K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |