Dowagiac Area Federal Credit Union

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A short history of Dowagiac Area FCU

Since its inception in 1972 the Dowagiac Area Federal Credit Union has been serving its members in the DOWAGIAC, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Cathy Merrill, the Dowagiac Area FCU has grown its membership to over 2,587 with assets of more than $18,044,676. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (269) 782-2410 or email them at dafcu@dafcu.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in DOWAGIAC, MI.

General Information For Dowagiac Area FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 21070
Address 473 E DIVISION ST 
City DOWAGIAC 
State Michigan 
Zip-Code 49047
Phone Number (269) 782-2410
Fax Number (269) 782-9870
Email Address: dafcu@dafcu.net
CEO/President Cathy Merrill
Members 2,587 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 18,044,676 
Website http://www.dafcu.net 

Compare Dowagiac Area Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Greater Niles Community CU Cass Branch 1050 E State St 49031 (269) 445-1951 No 13.26
Four Flags Area CU Four Flags Area Credit Union 1012 S 11th St 49120 (269) 684-6512 No 13.82
Country Heritage CU Country Heritage Credit Union 16580 Bakertown Rd 49107 (269) 695-2334 No 18.36
South Bend Post Office CU South Bend Post Office Credit Union 53790 Generations Dr 46660 (574) 272-8581 No 19.87
Notre Dame CU St. Mary's St. Marys College 46556 (574) 284-5760 No 20.38

Dowagiac Area Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Dowagiac Area Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.25 2.06 2.10 3.95 4.56
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 106 37 27 133 176
Rank Among All Michigan Credit Unions 14 10 7 28 33

Dowagiac Area Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.15 0.18 0.60 0.65
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 119 120 240 205
Rank Among All Michigan Credit Unions 13 14 26 56 44
Dowagiac Area Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.250250161,400
All Other Unsecured Loans/Lines of Credit 10.780221848,880
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.06029561,714
Used Vehicle Loans 2.1001682,114,322
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.950673,683,344
Total Other Real Estate Loans/Lines of Credit 4.56022670,860
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.84013179,985
TOTAL LOANS & LEASES 7708,220,505

Dowagiac Area Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 161,594,350180,000
    b. 15 Years or less 512,088,994145,015
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 14401,109240,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 8269,75100
Open-End Fixed Rate 0000
TOTALS 894,354,2044165,015

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Dowagiac Area Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes