About Diversified Credit Union

Big enough to help you. Small enough to know you.

Diversified Credit Union is a not-for-profit cooperative. We return “profits” to our members in the form of higher dividends paid on savings, lower interest rates charged for loans, and expanded services. We’re here to enhance your financial well being – with solutions to maximize your money and your time. From friendly tellers who know your name to 2 a.m. credit card payments (in your bunny slippers), Diversified Credit Union offers the solutions you want and the service you deserve.

Hours & Locations

CenterPoint Energy Office (Linden Ave.)

700 Linden Avenue West | Minneapolis, MN 55403
Click here for a map
Phone: 612-321-5300 | Fax: 612-321-5297
Outside Metro: 800-333-7757
MemberServices@DiversifiedCU.org

Open Mon-Fri, 8 am – 4 pm

Waseca Office

299 Johnson Ave. SW, Suite 130  |  Waseca, MN 56093
Click here for a map
Phone: 507-833-4320  |   Fax: 507-833-3724
Toll-Free: 800-333-7757
MemberServices@DiversifiedCU.org
Open Mon-Fri, 8 am  – 4 pm
Open Saturdays 9 am – Noon
2020 Holiday Schedule

Sometimes we take a day off but DCU never really sleeps.

Diversified Credit Union follows the holiday schedule of the Federal Reserve. You can always access your accounts, loans and Visa information through our Virtual Branch if our branch offices are closed.

Diversified Credit Union is closed for the following Federal holidays:

  • NEW YEAR’S DAY: Wednesday, January 1
  • MARTIN LUTHER KING JR. DAY: Monday, January 20
  • PRESIDENT’S DAY: Monday, February 17
  • MEMORIAL DAY: Monday, May 25
  • INDEPENDENCE DAY: Saturday, July 4
  • LABOR DAY: Monday, September 7
  • COLUMBUS DAY: Monday, October 12
  • VETERAN’S DAY: Wednesday, November 11
  • THANKSGIVING: Thursday, November 26
  • BLACK FRIDAY: Friday, November 27
  • CHRISTMAS EVE: Thursday, December 24
  • CHRISTMAS DAY: Friday, December 25
  • NEW YEAR’S EVE: Thursday, December 31 – closing at 2:00 pm
  • NEW YEAR’S DAY 2021: Friday, January 1
DCU Hours and Locations

QUESTIONS?

Call 800-333-7757 toll-free or send us an email.

LOST/STOLEN CARD?

For ATM or VISA Cash/Check Cards: 1-800-528-2273

For VISA Credit Cards: 1-800-449-7728

Who We Are at Diversified Credit Union

Minneapolis Gas Light Credit Union, now known as Diversified Credit Union, was organized in 1930 to serve the employees and the families of Minneapolis Gas Light, later Minnegasco and now CenterPoint Energy.

In 1988 our field of membership was expanded to include E.F. Johnson Company, now E.F. Johnson Technologies, in Waseca, Minnesota. As a result of E.F. Johnson Technologies acquisitions and newly created businesses, our membership included, Cinch Connectivity and Cal Amp. Further expansions brought in Itron in Waseca. In 2002, Dunwoody College of Technology teachers, employees, and their families became eligible to join Diversified Credit Union.

Several groups have been added since 2004 including anyone who lives, works, worships, volunteers, attends school and businesses and other legal entities, located in Anoka, Hennepin and Waseca Counties in Minnesota. Additional employer groups include Independent School District #829 (Waseca Public Schools).

At first, the credit union was formed as a place for members to save money. Our first member loan was for $25, which was used to finance a summer vacation. By the 1940s, our services had expanded dramatically. Payroll deductions from Minnegasco allowed members to make regular deposits to the credit union conveniently.

The credit union grew to reach $1 million in deposits by 1963 and then doubled its size during the next five years. By 1979, savings had reached $5 million. Today your credit union exceeds $36.5M in assets with over 3,000 members.

Our Mission Statement

It is the mission of Diversified Credit Union to improve the financial well-being of our membership.

Board of Directors

Paul Miller* (2023)
Carol Wilm (2023)
Michael Gilbertson (2022)
Steve Marsh (2022)
Drew Boeke (2021)

Supervisory Committee

Jason Dahlke* (2023)
Sean Johnson (2022)
Carol Wilm (2021)

*Denotes chair

THANKS TO OUR MEMBER VOLUNTEERS!

Directors and supervisory committee members are elected at the credit union’s annual meeting each year. Each volunteer is elected to serve a 3-yr term. Expiring terms rotate to limit turnover each year.

The board of directors elects its own officers and is required to meet monthly. The supervisory committee elects its own chairperson. The supervisory committee is responsible for auditing the credit union’s books and records at its discretion and is required to send reports twice a year to the State of Minnesota Department of Commerce.

Contact Us

Phone Numbers

Toll-Free: 800-333-7757 
Lost/Stolen ATM or VISA Cash/Check Card: 800-528-2273
Lost/Stolen VISA Credit Card: 800-449-7728

Email Us

Regular email is not secure. NEVER include account numbers or other private data in email to our staff.

Small Business
Member Services
Consumer Loans
CEO/President
Contact Us

Fee Schedule

The rates and fees appearing in this Schedule are accurate and effective for accounts as of 10/15/2020. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.

General Fees

Account Research / Reconciliation$30 per hour
Check Cashing for Members$2 per item if combined average account balances are less than $200
Official Check$2 per item
Inactive Account$9 per month after one (1) year and account balance is less than $100 and no other DCU loans
Legal Process$25 per item
Photocopy of Check$5 per item
Statement Copy$5 per month
Returned Mail$5 per item

Account Fees

Money Market – Minimum Balance$5 per month if the daily balance falls below $2500
Lifestyle Checking – Minimum Balance$5 per month if daily balance falls below $200
Check PrintingPrices vary depending upon style
Deposited Return Item$5 per item
Nonsufficient Funds$30 per item
Overdrawn Account$5 per day beginning on the 7th consecutive day the account is overdrawn
Returned Item$30 per returned check or ACH item
Stop Payment$30 per request
Replacement or Expedited Debit or ATM Card$20 per card

Electronic Funds Transfer Fees

Nonsufficient Funds$30 per item
Wire Transfer (Incoming)$25 per transfer
Wire Transfer (Outgoing/domestic)$30 per transfer

Loan Administration Fees

Subordination Agreement$150 per agreement
Duplicate Lien Release$10 per lien
Past Due Correspondence$3 per correspondence, $6 maximum per week
DCU Fee Schedule

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Phone: 800-333-7757 toll-free   |   Linden CenterPoint Office   |   Waseca Branch