Downriver Community Federal Credit Union: Difference between revisions

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 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 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.

 

==References==