About DFCU FinancialA Financial Partner for All Life’s Needs
DFCU Financial is a member-owned credit union headquartered in Dearborn, Michigan, with full-service branches across Michigan and West, Southwest, and Central Florida. Every product we offer, including our signature Cash Back* program, is built around one goal: helping you keep more of your money to reach your goals faster.
DFCU Financial at a Glance
Headquartered in Dearborn, Michigan, our full-service branches in Michigan and Florida are staffed by local financial specialists uniquely qualified to help members and businesses achieve important financial milestones. Here’s what makes us different.
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Personalized service, wherever you are. Whether you connect with us online, by phone, or in person, you’ll work with local financial specialists.
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The reach of a large financial institution, the agility of a small one, and we run efficiently, enabling us to put our members first.
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Decisions made close to home. Because we’re member-owned, local leaders make the call, and profits go back into the communities we serve.
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Cash Back that puts money back in your pocket. We’ve returned more than $500 million to members since the program began.*
Proudly Serving Members Since 1950
Since 1950, DFCU Financial has proven that credit unions can be both big and personal. We started as Ford Engineering Employees Federal Credit Union with seven members and $35 in a cigar box, and along the way became an industry innovator – the first credit union to offer a revolving signature loan in 1958, one of just three chosen to pilot share draft (checking) accounts in 1974, and co-founder of the nation’s first shared credit union branching and ATM network in 1975.
We introduced Cash Back in 2006, which has since returned more than half a billion dollars to members, and grew through mergers with CapCom Credit Union and MidWest Financial into Grand Rapids, Lansing, and Ann Arbor, then expanded into Florida between 2023 and 2025 through three acquisitions: First Citrus Bank, two former MidWestOne branches, and Winter Park National Bank.
Today, we’re an $8 billion credit union serving more than 240,000 members across Metro Detroit, Ann Arbor, Lansing, Grand Rapids, and Florida’s West, Southwest, and Central regions – and we still know our members by name. Membership is open to anyone who lives, works, or studies in Michigan’s Lower Peninsula, or in eligible counties across Florida’s Tampa Bay, Southwest, and Central regions.
Your Money Is Safe and Sound
You can be confident your money is safe with DFCU. Member deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), covering 89% of our member deposits, with the remainder held by members whose balances exceed that threshold.
NCUA is an independent federal agency that charters and supervises federal credit unions and operates the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the U.S. government. DFCU also undergoes annual examinations by both the NCUA and the Michigan Department of Insurance and Financial Services (DIFS) to confirm our policies and practices keep your money safe and sound.
NCUSIF insures accounts at nearly all federal and state-chartered credit unions. This protects members if a federally insured credit union were to fail; no member has ever lost a penny in an NCUSIF-insured account. And if you ever have questions, our experienced team is here to help.
DFCU Financial Performance
Frequently Asked Questions
The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their single ownership accounts. These accounts include regular shares, share drafts (similar to checking), money market accounts, and share certificates. Individuals with account balances totaling $250,000 or less at the same insured credit union are fully insured.
If a person has more than $250,000 at any single credit union, several options are available for additional share insurance coverage because the NCUSIF provides separate insurance for other accounts.
Members have full NCUSIF coverage at each federally insured credit union where they are qualified members. While the NCUSIF coverage protects members at all federally insured credit unions from losses on a broad spectrum of savings and share draft products, it does not cover losses on money invested in mutual funds, stocks, bonds, life insurance policies, and annuities offered by affiliated entities.
All members of federally insured credit unions have coverage options separate from, and in addition to, those available for their single ownership accounts.
RETIREMENT ACCOUNTS
Members with traditional and Roth Individual Retirement Accounts (IRAs) and KEOGH retirement accounts at federally insured credit unions have additional coverage available at each federally insured credit union where they qualify and become members. The NCUSIF insures traditional and Roth IRAs for $250,000 in the aggregate at each credit union. Additionally, the NCUA insures KEOGH accounts separately up to $250,000 at each credit union.
Retirement account insurance protection is separate from insurance coverage for other credit union accounts. For example, if you have a regular share account, an IRA, and a KEOGH at the same credit union, the NCUSIF insures the regular share account for up to $250,000, the IRA for up to an additional $250,000, and the KEOGH for up to an additional $250,000.
JOINT ACCOUNTS
Joint accounts are owned by two or more people who have equal rights to withdraw money from the account, and no beneficiaries are named. These accounts can include regular shares, share drafts (similar to checking), money market accounts, and share certificates. The NCUSIF provides each joint account holder with $250,000 coverage for their aggregate interests at each federally insured credit union. For example, a two-person joint account with no beneficiaries has $500,000 in coverage. This coverage is separate from and in addition to the coverage available for other accounts, such as individual accounts with no beneficiaries and retirement accounts.
TRUST ACCOUNTS
The NCUSIF provides separate coverage for both revocable and irrevocable trusts. Credit unions can establish a common informal revocable trust payable-on-death account without additional documentation; however, some trusts require additional, valid documentation to qualify for coverage. While this brochure briefly discusses how the NCUSIF insures trusts, members should consult appropriate professionals to properly establish and document ttrust arrangements.
REVOCABLE TRUSTS
Revocable trust accounts may qualify for insurance coverage of up to $250,000 per beneficiary named by the owner (if a member of the credit union) that is separate from the individual coverage available to the trust owner (also referred to as grantor or settlor). For example, if a person with a revocable trust for $750,000 names a spouse and two children as beneficiaries, the entire $750,000 would have separate NCUSIF coverage ($250,000 per beneficiary). This coverage is separate from the coverage provided to the other types of accounts held by the trust’s owner at the same federally insured credit union.
IRREVOCABLE TRUSTS
Irrevocable trusts have separate coverage based on the beneficial interest. The interest of each beneficiary in an account (or accounts) established as an irrevocable trust has separate NCUSIF coverage of up to $250,000. In cases where a beneficiary has an interest in more than one trust arrangement created by the same owner, the beneficiary’s interests in all accounts established under such trusts are aggregated for insurance purposes and insured for a total of up to $250,000.
- Checking
- Savings
- Money Market
- Share certificates
- Retirement accounts
- Revocable trusts
- Irrevocable trusts
What the NCUA insurance does not cover:
- Annuities
- Bonds
- Life Insurance policies
- Mutual Funds
- Stocks
- US Treasury bills, bonds, or notes
The NCUA Electronic Share Insurance Estimator is available to help members better understand the protection offered by the NCUSIF. This interactive site allows users to input data to compute the amount of NCUSIF coverage available under different account scenarios. This resource is available at MyCreditUnion.gov/estimator.
Yes. DFCU has an annual examination by both the NCUA and the Michigan Department of Insurance and Financial Services (DIFS) on our policies and procedures to ensure safety and soundness of DFCU.
