Downriver Community Federal Credit Union: Difference between revisions

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Downriver Community Federal Credit Union (edit)

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| foundation = January 29, 1942<br/>[[Ecorse, Michigan]]
| hq_location = [[4320 West Jefferson Avenue (Ecorse, Michigan)|4320 West Jefferson Avenue]]<br/>[[Ecorse, Michigan]]
| locations = 4 branches, 2 standalone ATMs
| assets = $196210.2760 million <small>(December 2020)</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''', as of 2020, 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>
 
==History==
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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 Wyandotte office and some main office functions (previously based in Ecorse) 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.
 
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==
{| class="wikitable sortable"
! Name !! Address !! City !! Opened
|-▼
| CVS Pharmacy Lincoln Park ATM || {{FULLADDRESSTABLE|3647 Dix Highway|Lincoln Park, Michigan}} ||
|-
| CVS Pharmacy Trenton ATM || {{FULLADDRESSTABLE|1625 King Road|Trenton, Michigan}} ||
|-
| Ecorse Office || {{FULLADDRESSTABLE|4320 West Jefferson Avenue|Ecorse, Michigan}} || 1960
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==Financial information==
<ref name=":0" /><ref name=NCUA>Downriver Community Federal Credit Union Call Reports, 1990-present, [https://mapping.ncua.gov/SingleResult.aspx?ID=CreditUnionDetails/4853&IsCorpCU=0 ncua.gov].</ref>
 
{{Image frame|caption=Assets in millions of dollars, 1990-20202021<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, 1990-20202021<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
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|-
| 12/31/2020 || $196,272,117 || 13,497
▲|-
| 12/31/2021 || $210,598,518 || 13,436
|}
 
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