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Downriver Community Federal Credit Union


Overview / Commentary
www.downrivercu.com
313-386-2200
4320 W Jefferson Ave
Ecorse, MI 48229-1532

Downriver Community Federal Credit Union is headquartered in Ecorse and is the 69th largest credit union in the state of Michigan. It is also the 1,235th largest credit union in the nation. It was established in 1942 and as of September of 2019, it had grown to 47 employees and 13,750 members at 4 locations. Downriver Community Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in any of the following communities: Allen Park, Brownstown Township, Ecorse, Flat Rock, Gibraltar, Grosse Ile, Huron Township, Lincoln Park, Melvindale, River Rouge, Riverview, Rockwood, Romulus, Southgate, Taylor, Trenton, Woodhaven or Wyandotte and to immediate family of those eligible.
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Health
B+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #4853
Year Chartered1942
Employees47
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD6.2%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$158.8MM$156.9MM
LoansQ3 2019vs Q3 2018$79.9MM$78.3MM
DepositsQ3 2019vs Q3 2018$142.5MM$142.2MM
Equity CapitalQ3 2019vs Q3 2018$14.7MM$12.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$490.00K$462.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$535.00K$663.00K
Real Estate OwnedQ3 2019vs Q3 2018$40.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Downriver Community Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%--Business Builder High-Yield Savings
0.40%*$100k*-High-Yield Savings
OTHER TIERS: 0.20% → Up to $25k | 0.30% → $25k - $100k
0.20%*$100k*-Prime Shares Savings
OTHER TIERS: 0.10% → Up to $25k | 0.15% → $25k - $100k
0.20%*$100k*-X-Treme Team Savings Account
OTHER TIERS: 0.10% → Up to $25k | 0.15% → $25k - $100k
0.10%--Special Savings
0.10%--Christmas Club

Downriver Community Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$5k*-Checking Account
OTHER TIERS: 0.05% → Up to $5k
0.05%--Business Builder Checking

Downriver Community Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$2k-60 Month Share Certificate
2.27%$2k-48 Month Share Certificate
1.76%$2k-36 Month Share Certificate PROMO
1.51%$2k-24 Month Share Certificate
0.90%$2k-12 Month Share Certificate
0.60%$2k-6 Month Share Certificate
Locations


Downriver Community Federal Credit Union Locations
Branch Office4500 Biddle AveWyandotte, MI 48192
Branch Office1262 Dix HwyLincoln Park, MI 48146
Branch Office18707 West RdWoodhaven, MI 48183-3316
Branch Office4320 W Jefferson AveEcorse, MI 48229-1532

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