Downriver Community Federal Credit Union: Difference between revisions
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| type = [[Credit union]]
| foundation = January 29, 1942<br/>[[Ecorse, Michigan]]
| hq_location = [[
| locations = 4 branches
| assets = $
}}
The '''Downriver Community Federal Credit Union''' is a [[credit union]] based in the Downriver area of southeastern Michigan, with four branches
==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.<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, but were also available to all residents of Ecorse and the neighboring city of [[River Rouge, Michigan|River Rouge]], 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 September 2003. On February 10, 2004, with assets of $106,900,000, DCFCU merged with the [[Detroit Marathon Employees Federal Credit Union
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
DCFCU previously had two standalone automated teller machines located inside [[CVS Pharmacy]] drugstores [[CVS Pharmacy 8064|#8064]] and [[CVS Pharmacy 8122|#8122]], though both were removed by 2022 (in the case of CVS Pharmacy #8122, the ATM there was most likely removed following the store's closure).
==Locations==
Line 22 ⟶ 24:
! Name !! Address !! City !! Opened
|-
| Ecorse
|-
| Lincoln Park
|-
| Southgate
|-
| Woodhaven
|}
==Financial information==
<ref name=":0" /><ref name=NCUA>Downriver Community Federal Credit Union Call Reports, 1990-present, [https://mapping.ncua.gov/CreditUnionDetails/4853 ncua.gov].</ref>
{{Image frame|caption=Assets in millions of dollars, 1990-2021<ref name=NCUA/>|content={{Graph:Chart|width=500|height=200|xAxisTitle=|yAxisTitle=|yAxisMin=0|type=line|x='90,'91,'92,'93,'94,'95,'96,'97,'98,'99,'00,'01,'02,'03,'04,'05,'06,'07,'08,'09,'10,'11,'12,'13,'14,'15,'16,'17,'18,'19,'20,'21|y=49.504072,51.830409,59.668263,62.205227,65.105136,65.886247,68.657443,71.685318,77.872390,82.257144,82.203426,90.051246,97.795370,108.861878,114.720392,111.339116,107.644594,112.578316,135.814868,147.563838,143.791273,140.458536,140.643381,141.843186,142.746598,146.281835,155.992291,154.585425,155.050553,160.928450,196.272117,210.598518}}}}
{{Image frame|caption=Total membership, 1990-2021<ref name=NCUA/>|content={{Graph:Chart|width=500|height=200|xAxisTitle=|yAxisTitle=|yAxisMin=0|type=line|x='90,'91,'92,'93,'94,'95,'96,'97,'98,'99,'00,'01,'02,'03,'04,'05,'06,'07,'08,'09,'10,'11,'12,'13,'14,'15,'16,'17,'18,'19,'20,'21|y=15069,15421,15758,15864,16292,16683,16821,16786,17225,17386,17860,17901,18203,18595,20419,20917,20541,20839,24032,23733,23569,20918,18150,16086,15043,14444,14104,13867,13627,13497,13436}}}}
{| class="wikitable"
! Date !! Assets !! Members
|-
| 1943 || $3,400 || 130
|-
| 12/31/1990 || $49,504,072 || 15,069
|-
| 12/31/1991 || $51,830,409 || 15,421
|-
| 12/31/1992 || $59,668,263 || 15,758
|-
| 12/31/1993 || $62,205,227 || 15,864
|-
| 12/31/1994 || $65,105,136 || 16,292
|-
| 12/31/1995 || $65,886,247 || 16,683
|-
| 12/31/1996 || $68,657,433 || 16,821
|-
| 12/31/1997 || $71,685,318 || 16,786
|-
| 12/31/1998 || $77,872,390 || 17,225
|-
| 12/31/1999 || $82,257,144 || 17,386
|-
| 12/31/2000 || $82,203,426 || 17,860
|-
| 12/31/2001 || $90,051,246 || 17,901
|-
| 12/31/2002 || $97,795,370 || 18,203
|-
| 12/31/2003 || $108,861,878 || 18,595
|-
| 12/31/2004 || $114,720,392 || 20,419
|-
| 12/31/2005 || $111,339,116 || 20,917
|-
| 12/31/2006 || $107,644,594 || 20,541
|-
| 12/31/2007 || $112,578,316 || 20,839
|-
| 12/31/2008 || $135,814,868 || 24,032
|-
| 12/31/2009 || $147,563,838 || 23,733
|-
| 12/31/2010 || $143,791,273 || 23,569
|-
| 12/31/2011 || $140,458,536 || 20,918
|-
| 12/31/2012 || $140,643,381 || 18,150
|-
| 12/31/2013 || $141,843,186 || 16,555
|-
| 12/31/2014 || $142,746,598 || 16,086
|-
| 12/31/2015 || $146,281,835 || 15,043
|-
| 12/31/2016 || $155,992,291 || 14,444
|-
| 12/31/2017 || $154,585,425 || 14,104
|-
| 12/31/2018 || $155,050,553 || 13,867
|-
| 12/31/2019 || $160,928,450 || 13,627
▲| Lincoln Park Branch || {{FULLADDRESSTABLE|1262 Dix Highway|Lincoln Park, Michigan}} || February 10, 2004
|-
| 12/31/2020 || $196,272,117 || 13,497
▲| Southgate Branch || {{FULLADDRESSTABLE|15261 Trenton Road|Southgate, Michigan}} || June 3, 2020
|-
| 12/31/2021 || $210,598,518 || 13,436
▲| Woodhaven Branch || {{FULLADDRESSTABLE|18707 West Road|Woodhaven, Michigan}} || 2003
|}
|