Downriver Community Credit Union Southgate MI | Best Auto Loans & Business Banking

Introduction

Welcome to Downriver Community, your trusted financial partner located at 15261 Trenton Rd, Southgate, MI 48195. Since our establishment in 1942, we have proudly served our community with a commitment to providing exceptional banking services tailored to meet the needs of over 12,827 members. With total assets amounting to an impressive $183,572,496, we are dedicated to helping you achieve your financial goals. At Downriver Community, we understand that every member has unique financial needs. That's why we offer a variety of services, from personal banking including checking and savings accounts to auto loans and mortgages. Our team is here to support you whether you're looking for a simple way to save or financing options for your dream car. Our leadership team, under the guidance of CEO Robert LaPalme and Board President Ceasar Randazzo, works diligently to ensure that our members receive the highest quality of service. We take pride in our strong community ties and aim to make a positive impact in Southgate and beyond. While you can visit us directly at our branch location, please note that official correspondence should be sent to our mailing address: 4320 West Jefferson, Ecorse, MI 48229. With total deposits reaching $7,369,552 and robust loan offerings including more than 13,840 loans and leases, we are well-equipped to meet your financial needs. Our goal is not only to serve but also to empower our members through smart financial solutions. If you're ready to experience personalized service and expert advice, don't hesitate to reach out! Call us at 313-386-2200 or explore more on our website at www.downrivercu.com. Join us today as we continue building a brighter financial future together!

Branch History & Mission

A Rich Legacy

Our journey began more than 80 years ago with a simple mission: to provide accessible financial services that cater to the needs of our members. Over the decades, we have witnessed remarkable changes in the financial landscape while staying true to our core values of community support and member satisfaction. We are proud to have built a strong foundation based on trust and transparency. In addition to our comprehensive banking services including personal accounts, auto loans, mortgages, and business solutions we also prioritize digital advancements. Today, members can conveniently manage their finances through online banking and mobile applications. Our commitment to accessibility extends beyond technology; we ensure ADA compliance in all our facilities.

Join Us!

As we look ahead to the future, we invite you to become part of the Downriver Community family. Experience personalized service that puts your needs first and discover a world of opportunities designed just for you. Visit us today or give us a call at 313-386-2200 to learn more about how we can help you achieve your financial goals. Together, let's build a brighter future!

Mission-Driven Service

At Downriver Community, our mission is clear: We strive to enhance the quality of life for our members by offering tailored financial solutions while actively engaging in community outreach. Our dedicated team works tirelessly not just in banking but also in building relationships within Southgate and surrounding areas. Whether it's through local partnerships or volunteer efforts, we believe in giving back and making a positive impact. While members can visit us at 15261 Trenton Rd for their banking needs, official correspondence should be sent to our mailing address at 4320 West Jefferson, Ecorse, MI 48229. Our branch operates Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. We offer drive-thru banking and ATM access for added convenience.

Branch Location & Accessibility

Welcome to Downriver Community at Southgate Central, your friendly neighborhood credit union located at 15261 Trenton Rd, Southgate, MI 48195. Our branch is conveniently situated near the vibrant Southgate Plaza, making it easy for you to stop by while running errands or enjoying a day out. With ample parking available and ADA-compliant features like ramps and accessible entrances, we ensure that everyone can visit us comfortably. While members can visit us at our Southgate location, please note that official correspondence should be sent to our mailing address at 4320 West Jefferson, Ecorse, MI 48229. Our doors are open during welcoming hours: from Monday through Thursday from 9 AM to 5 PM, on Friday until 6 PM, and Saturday mornings until 1 PM. Whether you're looking to open a new account or need assistance with personal loans or mortgages, our dedicated team is here to help. We also offer convenient services such as drive-thru banking for quick transactions and an ATM for easy access to your cash. At Downriver Community, we strive to make your banking experience smooth and enjoyable. Feel free to give us a call at 313-386-2200 if you have any questions or need assistance. We can't wait to welcome you into our community!

Member Eligibility

At Downriver Community, we believe that everyone deserves a chance to join our supportive community. If you're looking to become a member, you're in the right place! To qualify, you simply need to meet a few friendly criteria. Typically, anyone who lives, works, or worships in the local area is eligible. We pride ourselves on being inclusive and welcoming, so if you're unsure about your eligibility, don't hesitate to reach out. Our team is here to help guide you through the process. For detailed information on eligibility requirements, check out this resource: . Opening an account at Downriver Community is straightforward and hassle-free! You can easily start your journey toward membership by visiting us at our branch located at 15261 Trenton Rd Southgate Mi 48195, or you can give us a call at (313) 386-2200 for assistance. If you'd prefer to get started online, simply follow this link to open an account: http://www.downrivercu.com/visaapplication. We're excited to have you join our family and enjoy all the benefits that come with being part of Downriver Community!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $5 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $17 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $517,174, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer comprehensive merchant services designed to simplify transactions for your business. Imagine being able to accept payments quickly and securely, whether it's at a busy storefront or during a bustling market day. Our merchant services make it easy for you to focus on what you do best: running your business. Whether you're looking to expand your operations or streamline daily transactions, we're here to help you succeed. Visit us today or call us at (313) 386-2200 to learn more about how we can support your business journey!

Comprehensive List Of Services

Connect With Us

We invite you to discover all that Downriver Community has to offer! For any questions about our services or how we can assist you further, feel free to reach out at (313) 386-2200. Our friendly staff is always here to help. Visit us today at Southgate Central and take control of your financial future!

Credit Cards and Business Banking

We also offer credit cards with rewards that make every purchase count. Picture earning points on groceries or gas that can lead to cash back or travel perks it's all part of how we support your lifestyle. For small business owners, our business banking services, including merchant services and business loans, are designed to help you grow your enterprise. We understand the unique challenges businesses face and strive to provide tools that empower entrepreneurs like you.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we have invested in robust online and mobile banking platforms. Accessing your accounts, paying bills, or transferring funds has never been easier. You can even use our ATM services for quick cash withdrawals or balance checks anytime you need.

Drive-Thru and Basic Services

If you prefer face-to-face interactions but are short on time, our basic drive-thru banking allows you to conduct deposits, withdrawals, and simple transactions without leaving your vehicle. It's just one more way we make banking convenient for you!

Personal Banking Solutions

Starting with personal banking, we offer checking and savings accounts designed to help you manage your day-to-day finances effectively. Imagine having a place where your money works for you while still being easily accessible whenever you need it. Our members appreciate the flexibility of our auto loans and vehicle financing, making it simple to get behind the wheel of a new car without breaking the bank. For those considering homeownership or looking to refinance an existing mortgage, our mortgage loans and refinancing options provide tailored solutions that can fit any budget. Additionally, if life throws unexpected expenses your way, our personal loans and debt consolidation services can help ease the financial burden.

Digital & Online Banking

At Downriver Community, we understand that managing your finances should be easy and convenient. That's why we offer a wide range of digital and online banking services designed to put you in control, all while ensuring your information is secure. With our 24/7 online banking services available at https://www.downrivercu.com/, you can access your accounts anytime, anywhere. Whether you're checking balances, transferring funds, or paying bills, it's all just a few clicks away. Our mobile application makes banking even more accessible. You can manage your accounts right from your smartphone, allowing you to stay on top of your finances without the need to visit a branch. Plus, with the mobile payments feature, making purchases is quick and hassle-free just tap and go! Need to send money to friends or family? Our person-to-person transfer service lets you do that easily. It's perfect for splitting bills or sending gifts, ensuring that money transfers are as simple as texting. We also provide e-statements, which give you a clear view of your transactions while helping the environment by reducing paper waste. You can review your statements at any time without waiting for them to arrive in the mail. For those who prefer a modern touch, we allow electronic signature authorization for certain documents. This means you can sign important paperwork electronically, saving time and making the process smoother. At Downriver Community, we prioritize not only convenience but also security. Our online banking platform utilizes advanced security measures to protect your information so you can bank with peace of mind. Join us in embracing the ease of modern banking with Downriver Community. Experience how our digital services enhance your financial management today!

Financial Strength

Dedicated Team

We also take pride in having 40 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Our staff is here to assist you with all your banking needs.

Focused on Members

Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Growing Member Base

Total Share and Deposit Accounts: 28,221, showing a strong and growing member base that trusts us with their finances. We're proud of this community that continues to grow as more people discover the benefits of banking with us. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Downriver Community is your trusted partner. Visit us at 15261 Trenton Rd Southgate Mi 48195 or call (313) 386-2200 to learn more about how we can help you achieve your financial goals.

Lending Capacity

Our lending capacity supports members' financial goals across various sectors with $6,033 in used auto loans and $68,298,582 in total loans and leases. Whether you're looking to buy a new car or finance a major purchase, we have the resources available to assist you.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. This efficient management ensures that every dollar works harder for you.

Reinvestment in Services

With $16,128,645 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This commitment allows us to continually improve the quality of our services.

Secure Savings Options

Members' savings are secured through $14,215,281 in share certificates and $56,648,640 in money market shares, offering stable and rewarding financial growth opportunities. This means your hard-earned money is not only safe but also working for you.

Strong Capital Position

With a net worth of $18,922,479, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,028 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $25,106,557 in used vehicle loans and $4,679,924 in new vehicle loans already helping members get on the road. We offer financing options that fit your budget and lifestyle, whether you're interested in a brand-new model or a reliable used vehicle.

Business Loans

For business owners, our outstanding commercial loans totaling $517,174 provide the capital needed to grow and expand your business. We know how crucial it is to have access to funds when you need them most.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $4,481,884, make buying or refinancing simple. We provide competitive rates and personalized service to guide you through the process of securing your dream home.

Refinancing Options

If you're considering refinancing any existing loans or credit lines for better rates or terms, we can help explore your options. This could lead to significant savings over time. Feel free to reach out to us at our Southgate branch located at 15261 Trenton Rd Southgate MI 48195, or give us a call at 313-386-2200 during our operating hours: Monday - Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore how we can assist you today!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $3,278,461 in loans helping members manage their finances effectively. Our credit cards come with rewards that can enhance your everyday spending while providing financial safety.

Loan Aggregator

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