Downriver Community Federal Credit Union

Headquarters

P.o. Box 29869
Ecorse, MI 48229
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.02% →
1-Year CD N.A. 1.45% →
2-Year CD N.A. 2.86% →
5-Year CD N.A. 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Downriver Community is an NCUA insured institution located in Ecorse, MI. It was founded in 1942 and has approximately $210.6 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 4853
Date Established 1942
Assets $210.60 million
Loans $61.49 million
Deposits $194.76 million
Capital $16.21 million
 

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.

Deposit Rates - May 23, 2022

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Downriver Community

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Advertiser Disclosure

Loan Rates - May 23, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for DOWNRIVER COMMUNITY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
6.013% 5.875% 1.00 $3,750 $1,479 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
3.490 %
After Intro: 4.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to DOWNRIVER COMMUNITY
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Branches

Below are Downriver Community 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:
Fairfield,Connecticut


Downriver Community Locations



Climate Initiatives

DOWNRIVER COMMUNITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Downriver Community Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Downriver Community. 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
Downriver Community U.S. Average
2.46% 4.85

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, 2021, Downriver Community had $354,100 in non-current loans and $50,422 in owned assets. To cover these potential losses it had $16,206,925 in net worth and $270,014 in loans loss reserves. That gives it a Texas Ratio of 2.46%.

Net Worth
Downriver Community U.S. Average
7.76% 12.36%

Downriver Community FCU has a net worth of 7.76% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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