DOWNRIVER COMMUNITY

P.O. BOX 29869
Ecorse, MI 48229

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 4853
Date Established 1942
Assets $165.62 million
Loans $76.71 million
Deposits $149.75 million
Capital $14.54 million

Downriver Community is an NCUA insured institution located in Ecorse, MI. It was founded in 1942 and has approximately $165.62 millions in assets.

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 - August 17, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.30% $1 $24,999 Learn MoreShow Less
Money Market
0.40% $25,000 $99,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $2,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.75% $2,000 - Learn MoreShow Less
12 Mo CD
1.00% $2,000 - Learn MoreShow Less
24 Mo CD
1.75% $2,000 - Learn MoreShow Less
36 Mo CD
2.25% $2,000 - Learn MoreShow Less
48 Mo CD
2.50% $2,000 - Learn MoreShow Less
60 Mo CD
2.75% $2,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $4,999 Learn MoreShow Less

Loan Rates - August 17, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.414% 3.375% 0.50 $1,238 $1,106 Learn More
First Internet Bank
NMLS ID: 424182
3.767% 3.750% 0.25 $505 $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to DOWNRIVER COMMUNITY
To upload and update your bank's rates please register. It is free to register and add rates.



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:
Ashburn,Virginia


Downriver Community Locations


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
8.16% 6.77

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 March 31, 2019, Downriver Community had $954,256 in non-current loans and $270,687 in owned assets. To cover these potential losses it had $14,542,314 in net worth and $471,337 in loans loss reserves. That gives it a Texas Ratio of 8.16%.

Net Worth
Downriver Community U.S. Average
8.78% 13.47%

Downriver Community FCU has a net worth of 8.78% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Downriver Community

Branches and Savings

What is Downriver Community?

A federal credit union, registered with the NCUA under certificate #4853.
Learn more about credit unions here.

Is Downriver Community FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Downriver Community?

Please see Field of Membership information above for information on who is eligible to join.

What are Downriver Community's share account and share certificate rates?

Downriver Community's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Downriver Community?

Downriver Community has total capital of $14.54 million. Full information on Downriver Community's financial position is located above.

Who owns Downriver Community?

Credit Unions are owned by their members.

Where are Downriver Community branches located?

See branch locations nearby.

Are Downriver Community ATMs Open 24/7?

Do Downriver Community ATMs accept cash deposits?

Can Downriver Community customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Downriver Community have a mobile app?

Does Downriver Community have mobile deposit?

Does Downriver Community have quick pay?

How can Downriver Community transfer money to other banks or credit unions?

Does Downriver Community report to credit bureaus?

Does Downriver Community use Chexsystems?

Does Downriver Community use Equifax?

What is Downriver Community's toll free phone number?

What is Downriver Community's ACH Routing Number?

What is Downriver Community's SWIFT code?

Where can I find Downriver Community's wire transfer form?

What is the Downriver Community address for deposits?

What Products Does Downriver Community Offer

Does Downriver Community offer mortgages?

Compare mortgage rates here.

Does Downriver Community offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Downriver Community offer auto and RV loans?

Compare auto loan rates here.

Does Downriver Community offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Downriver Community

There are currently no comments for Downriver Community. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →