Question 1

What is Diversified General Federal Credit Union (DGFCU)?

Accepted Answer

Diversified General Federal Credit Union (DGFCU) is a federally chartered credit union headquartered in Logansport, Indiana. With approximately $19.4 million in assets and over 3,500 members, DGFCU is a community-focused financial institution that originally served employees of General Tire and has since expanded to serve workers in the primary and fabricated metals industries.

The credit union operates as a member-owned cooperative, focusing on personalized service and competitive financial products for its membership base. As of Q3 2025, DGFCU maintains a strong capital position with an 8.3% net worth ratio and is classified as "Well Capitalized" by the NCUA.

Question 2

When was Diversified General Federal Credit Union (DGFCU) founded?

Accepted Answer

Diversified General Federal Credit Union was founded in 1966 by employees of General Tire in Logansport, Indiana. The credit union was originally established to serve the financial needs of General Tire workers, providing them with an accessible, member-owned alternative to traditional banking.

In 1985, the institution underwent a name change from General Tire Logansport Employees Federal Credit Union to Diversified General Federal Credit Union, reflecting its expansion beyond the original General Tire employee base. This rebranding allowed the credit union to serve a more diverse membership while maintaining its roots in the manufacturing community.

Question 3

Where is Diversified General Federal Credit Union (DGFCU) headquartered?

Accepted Answer

Diversified General Federal Credit Union is headquartered at 631 E Broadway, Logansport, Indiana 46947.

The credit union has a rich history of physical locations in Logansport. It began operations in a small office within the General Tire factory, later relocated to its own dedicated office on 4th Street, and finally moved to its current East Broadway location in 1998. In 2015, DGFCU underwent a major remodel and added a drive-up facility to better serve its members.

Question 4

Where does Diversified General Federal Credit Union (DGFCU) operate?

Accepted Answer

Diversified General Federal Credit Union primarily operates in Logansport, Indiana and the surrounding Cass County area. The credit union maintains a single branch location at its East Broadway headquarters.

DGFCU serves a select employee group (SEG) membership, with eligibility primarily focused on individuals employed in multiple industries, particularly those working in primary and fabricated metals manufacturing. The credit union's potential membership base is approximately 12,000 individuals within its field of membership, though current membership stands at about 3,530 members.

Question 5

What services does Diversified General Federal Credit Union (DGFCU) offer?

Accepted Answer

Diversified General Federal Credit Union offers a comprehensive range of financial services designed to meet the needs of its members:

Deposit Accounts: DGFCU provides share savings accounts (primary savings), checking accounts (including interest-bearing checking options), money market accounts, and certificates of deposit with various terms ranging from 6 months to 36 months.

Lending Services: The credit union offers consumer loans with approximately 1,028 active loans totaling $14.1 million. Consumer loans represent approximately 70% of the credit union's loan portfolio, with other loan products making up the remaining 30%.

Digital Banking: Members have access to online banking services through the credit union's website at yourdgfcu.org. [Information about specific mobile app capabilities not publicly available]

Additional Services: As a member-owned cooperative, DGFCU provides personalized financial counseling and member service support.

Question 6

What makes Diversified General Federal Credit Union (DGFCU) unique?

Accepted Answer

Manufacturing Industry Heritage: DGFCU has deep roots in serving the manufacturing community, particularly workers in the metals industry. This specialized focus allows the credit union to understand and address the unique financial needs of industrial workers.

Personalized Service: With approximately 5 full-time employees serving 3,530 members, DGFCU emphasizes personalized, relationship-based banking. Member reviews consistently highlight that staff members know customers by name, creating a welcoming and familiar banking environment.

Community-Focused Mission: As a not-for-profit, member-owned cooperative, DGFCU returns profits to members through competitive dividend rates on savings, lower interest rates on loans, and improved services. The credit union exists solely to enhance the financial well-being of its members, not to generate profits for outside shareholders.

Strong Financial Performance: DGFCU maintains healthy financial metrics with a return on average assets of 0.85%, a loan-to-share ratio of 79.5%, and consistent growth in total assets, loans, and deposits over the past year.

Question 7

What type of financial institution is Diversified General Federal Credit Union (DGFCU)?

Accepted Answer

Diversified General Federal Credit Union is a Federal Credit Union chartered under federal law and regulated by the National Credit Union Administration (NCUA). As a federally chartered institution (Charter Number 17411), DGFCU operates under NCUA Region 2 jurisdiction.

Credit Union Structure: DGFCU operates as a not-for-profit, member-owned financial cooperative. Each member is a part-owner of the credit union with equal voting rights, regardless of account balance. This democratic structure ensures that the credit union serves the interests of its members rather than external shareholders.

Membership Requirements: DGFCU maintains a select employee group (SEG) membership structure, primarily serving individuals employed in multiple industries with a focus on primary and fabricated metals manufacturing. Membership eligibility is occupational-based, though specific current membership criteria can be verified by contacting the credit union directly.

Insurance Coverage: Member deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government, providing the same level of protection as FDIC insurance at banks.

Diversified General Federal Credit Union (DGFCU)

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About Diversified General Federal Credit Union (DGFCU) in the United States