Overview / Commentary
Dowagiac Area Federal Credit Union is headquartered in Dowagiac and is the 189th largest credit union in the state of Michigan. It is also the 3,498th largest credit union in the nation. It was established in 1972 and as of December of 2019, it had grown to 5 employees and 2,219 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 Q4 2019
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 | 0.2% |
| Return on Equity - YTD | 2.17% |
| Annual Interest Income | $533.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $16.9MM$16.9MM |
| Loans | Q4 2019vs Q4 2018 | $8.2MM$9.0MM |
| Deposits | Q4 2019vs Q4 2018 | $15.3MM$15.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.6MM$1.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $30.00K$32.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $20.00K$155.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |