Sep, 30, 2025 — DIVERSIFIED MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 4 branch locations and about $571.18 million in total assets. Opened 97 years ago in 1929, DIVERSIFIED MEMBERS CREDIT UNION has about 30,691 members and employs 95 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DIVERSIFIED MEMBERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1480 E Jefferson Ave DETROIT, MI 48207 |
| Phone: | (313) 568-5000 |
| Fax: | (313) 568-6170 |
| Website: | https://www.dmcu.com |
| Branches: | 4 branch locations |
| Members: | 30,691 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62339 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $571,183,292 |
| CEO/Manager: | Sati Smith |
| Chairperson: | Anthony Lamerato |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 50,007,878 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,338,008 |
| Real Estate Loans | 170,427,315 |
| Unsecured Loans | 29,799,128 |
| Other Loans | 73,424,281 |
| TOTAL LOANS | 273,650,724 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,903,923 |
| Land And Building | 5,738,510 |
| Other Fixed Assets | 481,691 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,583,239 |
| All Other Assets | 0 |
| TOTAL ASSETS | 571,183,292 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 898,075 |
| Notes & Interest Payable | 40,500,000 |
| Accounts Payable & Other Liabilities | 7,035,632 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,932,125 |
| Regular shares | 158,074,824 |
| All Other Shares & Deposits | 243,243,572 |
| TOTAL SHARES & DEPOSITS | 437,250,521 |
| TOTAL LIABILITIES | 485,684,228 |
| Regular Reserve | 0 |
| Other Reserves | 152,906 |
| Undivided Earnings | 85,346,158 |
| TOTAL EQUITY | 85,499,064 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 571,183,292 |
| INCOME & EXPENSE | |
| Loan Income | 13,683,410 |
| Investment Income | 8,152,477 |
| Other Income | 2,665,527 |
| Total Employee Compensation & Benefits | 7,167,817 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,236,854 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,265,000 |
| Cost of Funds | 7,082,397 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,169,367 |
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