About DFCU Financial

Strong and Secure

Whether it's online, in person or on the phone, our team focuses its talent and resources to bring you highly personalized service.

Headquartered in Dearborn, Michigan, our full-service branches in metro Detroit, Ann Arbor, Grand Rapids and Lansing are staffed by local financial specialists uniquely qualified to help members and businesses achieve important financial milestones. We’re committed to our members--and the communities we serve--who have continued to support us for more than 65 years.


DFCU Financial, born in 1950 as Ford Engineering Employees Federal Credit Union and started with a cigar box with $5 from each of the seven charter members, has since grown to a $5 billion organization with nearly 230,000 members. As we celebrate 70 years, look back with us at our history.

From the start, DFCU Financial was recognized as an innovator in the credit union industry. For its first 10 years, Ford Engineering Employees Federal Credit Union offered only basic services like savings accounts and small consumer loans. But In 1958, it became the first to launch a revolving signature loan.

In 1954, the credit union’s name is changed to Ford Dearborn Federal Credit Union, and in 1959--only nine short years after inception--assets reach $8.5 million. The 1960s brought significant change (and another new name, Dearborn Federal Credit Union). We now had two branches that were thriving with updated services.

In 1974, DFCU would become one of only three credit unions in the U.S. to pilot a share draft (checking account) program that would revolutionize the credit union movement. Another innovative concept co-founded by DFCU was Service Center Corporation in 1975. Service Center Corporation was the first shared credit union branching/ATM network in the country.

By 1978, membership had swelled to 100,000, and DFCU had introduced its first ATM. Recognizing the changing needs of its members, in 1984 DFCU began offering self-directed discount brokerage through its newly formed credit union service organization, Dearborn Financial Services (DFS).

The 1990s were an extremely important decade for DFCU. In 1996, it opened its first residential branch in Livonia. In 1997, DFCU surpassed $1 billion in assets. And in 1999, DFCU introduced online account access and bill payment to members.

The 2000s signaled a decade of expansion and growth for DFCU, including the latest name change, two mergers, and the birth of Cash Back, our unique dividend payout. It also welcomed Financial Consultants and Mortgage officers into the branch environment. 

In 2001, DFCU Financial Partners, an investment advisory services division, is introduced. After 19 years, DFCUFP has gone from two to 17 financial counselors, with $1.8 billion assets under management and more than 22,000 clients.

In 2003, Dearborn Federal Credit Union becomes DFCU Financial to reflect an expansion of branches, services, and members beyond Dearborn. That expansion is realized in the form of two mergers, in 2009 with CapCom Credit Union and in 2010 with MidWest Financial, bringing branches in Grand Rapids, Lansing, and Ann Arbor into the fold.

DFCU Financial’s assets exceed $2 billion in 2006, with record earnings for the year. We issued a special patronage dividend of $17 million that year, which is the first dividend issued in more than 20 years and the largest in the history of credit unions. Since then, DFCU has continued to pay members this Cash Back award every January, totaling more than $360 million as of 2022.

DFCU now serves its members at branches in Metro Detroit, Ann Arbor, Lansing, and Grand Rapids. We are open for membership to anyone who lives, works, goes to school, or worships in the Lower Peninsula. 

Financial Performance

Review-DFCU-Financial-Performance as of December 31, 2020
Review-DFCU-Financial-Performance as of December 31, 2019
Review-DFCU-Financial-Performance as of December 31, 2018
Review-DFCU-Financial-Performance as of December 31, 2017
Review-DFCU-Financial-Performance as of June 30, 2017

Annual Reports:
2021 Annual Report
2020 Annual Report
2019 Annual Report
2018 Annual Report
2017 Annual Report
2016 Annual Report
2015 Annual Report 
2014 Annual Report
2013 Annual Report

To request a hard copy of the annual report, call 313.336.2700 or toll-free at 888.336.2700.

Share Insurance

The Dodd-Frank Wall Street Reform and Consumer Protection Act (signed into law on July 22, 2010) permanently increased NCUA insurance coverage to $250,000 in deposits. Click here for more information on NCUA Share Insurance. Calculate what portion of your share account is insured by the NCUA and what portion (if any) exceeds coverage limits.


NCUA Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.


Unauthorized attempts to upload information and/or change information on this website is strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and Title 18 U.S.C. Sec.1001 and 1030.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 888-336-2700 for assistance. Also, all products, services and information available on this website are also available at any of
our physical branches, where we would be happy to assist you further. Click here to view our Accessibility Statement.

*APY = Annual Percentage Yield. Paid and compounded quarterly. Dividend rates are determined by the principal balance when your certificate is opened. Dividend payments will not affect the dividend rate during the term even if the minimum balance for the next tier is met. Rates subject to change without notice at any time. Penalties may apply for early withdrawals. DFCU Financial deposit products are insured by the NCUA.

DFCU Financial - Copyright © 2023 - Dearborn, Michigan - All rights reserved

While the DFCU Financial Board of Directors intends to pay Cash Back every year, and has done so since 2007, Cash Back is not guaranteed and will depend on our financial performance and other factors. Annual Cash Back payments are limited to an aggregate of $10,000 for each tax-reported owner. The IRS requires that Cash Back for an IRA be paid to the same IRA, and that it be open when Cash Back is deposited. Cash Back to Commercial / Business Banking members is subject to additional terms. Anyone who causes DFCU Financial a loss for any reason is not eligible for Cash Back.