Downriver Community Federal Credit Union

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A short history of Downriver Community FCU

Since its inception in 1942 the Downriver Community Federal Credit Union has been serving its members in the ECORSE, 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 Robert LaPalme, the Downriver Community FCU has grown its membership to over 14,264 with assets of more than $158,379,748. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (313) 386-2200 or email them at loans@downrivercommfcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ECORSE, MI.

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

Charter Number 4853
Address P.O. BOX 29869 
City ECORSE 
State Michigan 
Zip-Code 48229
Phone Number (313) 386-2200
Fax Number (313) 386-9320
Email Address: loans@downrivercommfcu.com
CEO/President Robert LaPalme
Members 14,264 
Full-Time Employees 41 
Part-Time Employees 10 
Number of Branch Offices
Total Assets 158,379,748 
Website http://www.downrivercu.com 

Compare Downriver Community Federal Credit Union To Other Local Credit Unions


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Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Lincoln Park Community CU LPCCU Main Office 1400 Emmons Blvd 48146 (313) 389-2300 No 2.41
Community Alliance CU Livonia 37401 Plymouth Rd 48150 (800) 287-0046 No 6.18
Dfcu Financial CU DFCU - Plymouth Road 2793 Plymouth Rd Ste A 48121 (313) 336-2700 No 6.28
Memberfocus Community CU Main Office 6246 Chase Rd 48121 (313) 581-2002 No 6.41
Electrical Workers Local 58 CU electrical workers credit union 1366 porter ST 48226 (313) 963-6060 No 6.74

Downriver Community Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Downriver Community 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 13.73 4.22 7.81 4.97 5.21
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 485 307 616 265 256
Rank Among All Michigan Credit Unions 88 90 123 76 52

Downriver Community Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.20 0.60 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 114 240 266
Rank Among All Michigan Credit Unions 15 16 25 56 58
Downriver Community Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.7302,3393,043,347
All Other Unsecured Loans/Lines of Credit 10.8302,1214,430,747
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.0704671,689
New Vehicle Loans 4.2202274,374,162
Used Vehicle Loans 7.8101,35713,066,135
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.97036636,874,095
Total Other Real Estate Loans/Lines of Credit 5.2101021,568,272
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.2401311,232,732
TOTAL LOANS & LEASES 6,68964,661,179

Downriver Community 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 25520,807,5337853,540
    b. 15 Years or less 295,861,562121,189,350
Balloon/Hybrid
    a. > 15 years 7982,97300
    b. 15 Years or less 588,154,8824543,033
Other Fixed Rate 2222,962168,441
Adjustable Rate 1 yr or less 14706,3131936
Adjustable Rate > 1 yr 1137,870133,489

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1021,568,27221425,180
Open-End Fixed Rate 0000
TOTALS 46838,442,367473,113,969

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 5456,418608,761
Interest Only & Payment Option Other RE/LOC Loans 17,2807,280
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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