DFCU Is Safe and Sound

As a member of DFCU Financial, you're an owner of this not-for-profit credit union. Our first priority is your financial success, and we focus heavily on financial security and soundness.

DFCU Financial was chartered 73 years ago, and we are committed to serving our community. You can be assured that your money is safe and sound here. We have an experienced team to serve you and answer any questions or concerns.

Federally insured credit unions offer a safe place for credit union members to save money. These deposits are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution.

Credit union members have never lost a penny of insured savings at a federally insured credit union.

Click on this video for an in-depth look at how the NCUA insures your deposits.

Check out this information sheet for more information about the National Credit Union Share Insurance Fund coverage for consumers.

Yes, member deposits are covered with deposit insurance up to $250,000 and covers 89% of our member deposits. The remaining deposits are with members who have balances over the insurance coverage.
Yes, DFCU has deposit insurance through the NCUA (National Credit Union Administration) for credit unions and acts similar to the FDIC, which is a federal insurance agency for banking institutions. NCUA insures up to $250,000 per person, per ownership category, per financial institution.
Yes. As one example, a member can have $250,000 in a personal checking account and another $250,000 in a joint checking account at DFCU and the entire $500,000 will be insured.
  • 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
DFCU has no concerns with liquidity and has policies and procedures to address liquidity requirements as they occur. DFCU has strong cash inflows from investments, our member deposits, and established lines DFCU can borrow, if needed, from multiple sources.
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.