Diversified Members Credit Union
Headquarters
1480 E Jefferson Ave
Detroit, MI 48207
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2024 Overview
General Credit Union Information
Diversified Members is an NCUA insured institution located in Detroit, MI. It was founded in 1929 and has approximately $481.14 millions in assets.
Who can join?
Membership at Detroit Metropolitan Credit Union is open to any person employed by the City of Detroit and family members, as well as any residents who live, work, attend school or worship in Wayne, Oakland or Macomb County.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 62339 |
| Date Established | 1929 |
| Assets | $481.14 million |
| Loans | $278.71 million |
| Deposits | $397.31 million |
| Capital | $82.23 million |
Field of Membership Restrictions
Membership in Diversified Members Credit Union is open to anyone who lives, works, or worships in the state of Michigan.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.25% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | $99 | Learn More |
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Diversified Members
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Diversified Members
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Diversified Members branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
DIVERSIFIED MEMBERS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Diversified Members Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Diversified Members. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Diversified Members | U.S. Average |
|---|---|
| 4.62% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Diversified Members had $3,725,148 in non-current loans and $173,388 in owned assets. To cover these potential losses it had $82,226,707 in net worth and $2,170,841 in loans loss reserves. That gives it a Texas Ratio of 4.62%.
Net Worth
| Diversified Members | U.S. Average |
|---|---|
| 17.08% | 13.62% |
Diversified Members FCU has a net worth of 17.08% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Diversified Members
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