Downriver Community Federal Credit Union: Difference between revisions

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{{Infobox company
| logo = File:Downriver Community Federal Credit Union logo.png
| type = [[Credit union]]
| foundation = January 29, 1942<br/>[[Ecorse, Michigan]]
| hq_location = [[15261 Trenton Road (Southgate, Michigan)|15261 Trenton Road]]<br/>[[Southgate, Michigan]]
| locations = 4 branches
| assets = $142 million <small>(2015)</small>
}}
The '''Downriver Community Federal Credit Union''' is a [[credit union]] based in the Downriver area of southeastern Michigan, with four branches, plus two standalone automated teller machines located inside [[CVS Pharmacy]] drugstores [[CVS Pharmacy 8064|#8064]] and [[CVS Pharmacy 8122|#8122]].<ref>[https://www.downrivercu.com/locations-and-hours Locations and Hours], Downriver Community Federal Credit Union, downrivercu.com.</ref> Founded in 1942 as the '''Great Lakes Steelworkers Federal Credit Union''', since 1982, membership includes all residents of eighteen Downriver communities.<ref name=":0">[https://www.downrivercu.com/about-dcfcu About Downriver Community Federal Credit Union], Downriver Community Federal Credit Union, downrivercu.com.</ref>
The '''Downriver Community Federal Credit Union''' is a [[credit union]] based in the Downriver area of southeastern Michigan, with four branches, plus two standalone automated teller machines located inside [[CVS Pharmacy]] drugstores [[CVS Pharmacy 8064|#8064]] and [[CVS Pharmacy 8122|#8122]].<ref>[https://www.downrivercu.com/locations-and-hours Locations and Hours], Downriver Community Federal Credit Union, downrivercu.com.</ref> Founded in 1942 as the '''Great Lakes Steelworkers Federal Credit Union''', since 1982, membership includes all residents of eighteen Downriver communities.<ref name=":0">[https://www.downrivercu.com/about-dcfcu About Downriver Community Federal Credit Union], Downriver Community Federal Credit Union, downrivercu.com.</ref>


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The Great Lakes Steelworkers Federal Credit Union was organized on January 29, 1942 by a group of selected [[Great Lakes Steel Corporation]] employees. By 1943, the credit union had $3,400 in assets and 130 members, and expanded its services to include all workers of Great Lakes Steel Corporation and their families.<ref name=":0" />
The Great Lakes Steelworkers Federal Credit Union was organized on January 29, 1942 by a group of selected [[Great Lakes Steel Corporation]] employees. By 1943, the credit union had $3,400 in assets and 130 members, and expanded its services to include all workers of Great Lakes Steel Corporation and their families.<ref name=":0" />


By 1960, the Great Lakes Steelworkers Federal Credit Union had outgrown its original location at the Union Local building of Great Lakes Steel Corporation's [[Ecorse, Michigan|Ecorse]] complex, and relocated to a newly-built standalone office at [[4320 West Jefferson Avenue (Ecorse, Michigan)|4320 West Jefferson Avenue]]. Reflecting the fact that the organization's services weren't limited to Great Lakes Steel Corporation's employees and their family members, its name was changed to Downriver Community Federal Credit Union on February 26, 1982.<ref name=":0" />
After operating for 18 years in the Union Local building of Great Lakes Steel Corporation's [[Ecorse, Michigan|Ecorse]] complex, the credit union established its first permanent office in 1960 at [[4320 West Jefferson Avenue (Ecorse, Michigan)|4320 West Jefferson Avenue]]. Reflecting the fact that the organization's services weren't limited to Great Lakes Steel Corporation's employees and their family members, its name was changed to Downriver Community Federal Credit Union on February 26, 1982.<ref name=":0" />


The credit union opened its second office at [[18707 West Road (Woodhaven, Michigan)|18707 West Road]] in [[Woodhaven, Michigan|Woodhaven]] in 2003. On February 10, 2004, with assets of $106,900,000, DCFCU merged with the [[Detroit Marathon Employees Federal Credit Union]], which gave DCFCU a branch at [[1262 Dix Highway (Lincoln Park, Michigan)|1262 Dix Highway]] in [[Lincoln Park, Michigan|Lincoln Park]].<ref>[https://www.crainsdetroit.com/article/20050912/SUB/509120884/michigan-credit-union-mergers "Michigan credit-union mergers"], [[Crain's Detroit Business]], September 12, 2005.</ref><ref name=":0" /> Another merger took place in 2008, with DCFCU acquiring [[Wyandotte Community Federal Credit Union]] and its office at [[4500 Biddle Avenue (Wyandotte, Michigan)|4500 Biddle Avenue]] in [[Wyandotte, Michigan|Wyandotte]].<ref name=":0" />
The credit union opened its second office at [[18707 West Road (Woodhaven, Michigan)|18707 West Road]] in [[Woodhaven, Michigan|Woodhaven]] in 2003. On February 10, 2004, with assets of $106,900,000, DCFCU merged with the [[Detroit Marathon Employees Federal Credit Union]], which gave DCFCU a branch at [[1262 Dix Highway (Lincoln Park, Michigan)|1262 Dix Highway]] in [[Lincoln Park, Michigan|Lincoln Park]].<ref>[https://www.crainsdetroit.com/article/20050912/SUB/509120884/michigan-credit-union-mergers "Michigan credit-union mergers"], [[Crain's Detroit Business]], September 12, 2005.</ref><ref name=":0" /> Another merger took place in 2008, with DCFCU acquiring [[Wyandotte Community Federal Credit Union]] and its office at [[4500 Biddle Avenue (Wyandotte, Michigan)|4500 Biddle Avenue]] in [[Wyandotte, Michigan|Wyandotte]].<ref name=":0" />


In 2015, DCFCU had $142,000,000 in assets and 16,000 members.<ref name=":0" /> After beginning construction in 2019,<ref>Maloney, Colin. [https://www.thenewsherald.com/news/downriver-community-federal-credit-union-to-build-its-next-location-in-southgate/article_5789aaae-249d-11e9-a870-9b2f82b700e6.html "Downriver Community Federal Credit Union to build its next location in Southgate"], [[The News-Herald (Southgate, Michigan)|The News-Herald]], January 30, 2019.</ref><ref>Maloney, Colin. [https://www.thenewsherald.com/news/downriver-community-federal-credit-union-breaks-ground-on-new-hq-in-southgate/article_89a5f94c-9140-11e9-b764-5fb54fc5a9e4.html "Downriver Community Federal Credit Union breaks ground on new HQ in Southgate"], [[The News-Herald (Southgate, Michigan)|The News-Herald]], June 17, 2019.</ref> DCFCU relocated its headquarters and its Wyandotte office to a new building at [[15261 Trenton Road (Southgate, Michigan)|15261 Trenton Road]] in [[Southgate, Michigan|Southgate]] on June 3, 2020. The Southgate building occupies a [[Southgate Shopping Center (Southgate, Michigan)|Southgate Shopping Center]] parcel that was previously the site of a [[Service Merchandise]] catalog showroom.
In 2015, DCFCU had $142,000,000 in assets and 16,000 members.<ref name=":0" /> After beginning construction in 2019,<ref>Maloney, Colin. [https://www.thenewsherald.com/news/downriver-community-federal-credit-union-to-build-its-next-location-in-southgate/article_5789aaae-249d-11e9-a870-9b2f82b700e6.html "Downriver Community Federal Credit Union to build its next location in Southgate"], [[The News-Herald (Southgate, Michigan)|The News-Herald]], January 30, 2019.</ref><ref>Maloney, Colin. [https://www.thenewsherald.com/news/downriver-community-federal-credit-union-breaks-ground-on-new-hq-in-southgate/article_89a5f94c-9140-11e9-b764-5fb54fc5a9e4.html "Downriver Community Federal Credit Union breaks ground on new HQ in Southgate"], [[The News-Herald (Southgate, Michigan)|The News-Herald]], June 17, 2019.</ref> DCFCU relocated its headquarters and its Wyandotte office to a new building at [[15261 Trenton Road (Southgate, Michigan)|15261 Trenton Road]] in [[Southgate, Michigan|Southgate]] on June 3, 2020. The Southgate building occupies a [[Southgate Shopping Center (Southgate, Michigan)|Southgate Shopping Center]] parcel that was previously the site of a [[Service Merchandise]] catalog showroom.

==Locations==
{| class="wikitable sortable"
! Name !! Address !! City !! Opened
|-
| Ecorse Branch || {{FULLADDRESSTABLE|4320 West Jefferson Avenue|Ecorse, Michigan}} || 1960
|-
| Lincoln Park Branch || {{FULLADDRESSTABLE|1262 Dix Highway|Lincoln Park, Michigan}} || February 10, 2004
|-
| Southgate Branch || {{FULLADDRESSTABLE|15261 Trenton Road|Southgate, Michigan}} || June 3, 2020
|-
| Woodhaven Branch || {{FULLADDRESSTABLE|18707 West Road|Woodhaven, Michigan}} || 2003
|}


==References==
==References==

Revision as of 16:47, 15 October 2020

Downriver Community Federal Credit Union
TypeCredit union
FoundedJanuary 29, 1942
Ecorse, Michigan
Headquarters15261 Trenton Road
Southgate, Michigan
Number of locations
4 branches
Total assets$142 million (2015)

The Downriver Community Federal Credit Union is a credit union based in the Downriver area of southeastern Michigan, with four branches, plus two standalone automated teller machines located inside CVS Pharmacy drugstores #8064 and #8122.[1] Founded in 1942 as the Great Lakes Steelworkers Federal Credit Union, since 1982, membership includes all residents of eighteen Downriver communities.[2]

History

The Great Lakes Steelworkers Federal Credit Union was organized on January 29, 1942 by a group of selected Great Lakes Steel Corporation employees. By 1943, the credit union had $3,400 in assets and 130 members, and expanded its services to include all workers of Great Lakes Steel Corporation and their families.[2]

After operating for 18 years in the Union Local building of Great Lakes Steel Corporation's Ecorse complex, the credit union established its first permanent office in 1960 at 4320 West Jefferson Avenue. Reflecting the fact that the organization's services weren't limited to Great Lakes Steel Corporation's employees and their family members, its name was changed to Downriver Community Federal Credit Union on February 26, 1982.[2]

The credit union opened its second office at 18707 West Road in Woodhaven in 2003. On February 10, 2004, with assets of $106,900,000, DCFCU merged with the Detroit Marathon Employees Federal Credit Union, which gave DCFCU a branch at 1262 Dix Highway in Lincoln Park.[3][2] Another merger took place in 2008, with DCFCU acquiring Wyandotte Community Federal Credit Union and its office at 4500 Biddle Avenue in Wyandotte.[2]

In 2015, DCFCU had $142,000,000 in assets and 16,000 members.[2] After beginning construction in 2019,[4][5] DCFCU relocated its headquarters and its Wyandotte office to a new building at 15261 Trenton Road in Southgate on June 3, 2020. The Southgate building occupies a Southgate Shopping Center parcel that was previously the site of a Service Merchandise catalog showroom.

Locations

Name Address City Opened
Ecorse Branch 4320 West Jefferson Avenue Ecorse, Michigan 1960
Lincoln Park Branch 1262 Dix Highway Lincoln Park, Michigan February 10, 2004
Southgate Branch 15261 Trenton Road Southgate, Michigan June 3, 2020
Woodhaven Branch 18707 West Road Woodhaven, Michigan 2003

References

  1. Locations and Hours, Downriver Community Federal Credit Union, downrivercu.com.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 About Downriver Community Federal Credit Union, Downriver Community Federal Credit Union, downrivercu.com.
  3. "Michigan credit-union mergers", Crain's Detroit Business, September 12, 2005.
  4. Maloney, Colin. "Downriver Community Federal Credit Union to build its next location in Southgate", The News-Herald, January 30, 2019.
  5. Maloney, Colin. "Downriver Community Federal Credit Union breaks ground on new HQ in Southgate", The News-Herald, June 17, 2019.

External links