Duke University Federal Credit Union is headquartered in Durham and is the 20th largest credit union in the state of North Carolina. It is also the 1,291st largest credit union in the nation. It was established in 1968 and as of June of 2024, it had grown to 36 employees and 15,626 members at 1 location. Duke University Federal Credit Union's money market rates are 2X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Duke Credit Union is open to employees of Duke University and Duke University Health System who are paid by Duke University and paid in North Carolina; students and alumni of Duke University; retirees of Duke University and Duke University Health System; immediate family members of any of the previous mentioned individuals.
See current membership details
Decent Credit Union, Needs To Update Atms
I just have a savings account at Duke Credit Union that I opened a while ago. The interest is rather piddling, but the main thing that irks me is that DCU has not updated their ATMs. Every single one is the old style version requiring envelopes for potential deposits, which is cumbersome.
Considering that most credit unions have upgraded their ATM technology for envelope free deposits (like SECU, Coastal and Self-Help), it is so bizarre that DCU has not followed suit. They are not hurting for money.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18616 |
| Year Chartered | 1968 |
| Employees | 36 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 8.25% |
| Annual Interest Income | $3.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $194MM$200.2MM |
| Loans | Q2 2024vs Q2 2023 | $101.1MM$94.3MM |
| Deposits | Q2 2024vs Q2 2023 | $175.3MM$184.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $16.1MM$12.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $999K$825K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.1MM$471K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |