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                                                                      EXHIBIT 24




                              POWER OF ATTORNEY


       KNOW ALL MEN BY THESE PRESENTS that the undersigned, in his or her
capacity as an officer or director of D&N CAPITAL CORPORATION, a Delaware
corporation (the "Corporation"), hereby constitutes and appoints, KENNETH R.
JANSON, DANIEL D. GREENLEE and PETER L. LEMMER, and each of them severally, his
or her true and lawful attorneys-in-fact and agents, with full power to act
with or without the others and with full power of substitution and
resubstitution for and on behalf of him or her and in his or her name, place
and stead, in any and all capacities, to perform any and all acts and do all
things and to execute any and all instruments which said attorneys-in-fact and
agents and each of them may deem necessary or desirable to enable the
Corporation to comply with the Securities and Exchange Act of 1933, as amended
(the "Act"), and any rules, regulations and requirements of the Securities and
Exchange Commission (the "SEC") thereunder in connection with the filing of the
accompanying registration statement under the Act for the registration of
shares of Noncumualtive Exchangeable Series A Preferred Stock, ("Preferred
Stock"), of the Corporation on Form S-11 or such other Form or Forms as are
then appropriate for the registration of Preferred Stock of the Corporation
including without limiting the generality of the foregoing, power and authority 
to sign such registration statement, and any and all amendments, including
post-effective amendments, supplements and exhibits thereto (collectively, the
"Registration Statement") to be filed with the SEC, and to sign any and all
instruments or documents to be filed as a part of or in connection with such
Registration Statement, whether such instruments or documents are filed before
or after the effective date of such Registration Statement, to file such
Registration Statement so signed, together with any and all instruments or
documents to be filed as a part of or in connection with such Registration
Statement, with the SEC, and to appear before the SEC in connection with 
such Registration Statement, with the SEC, and to appear before the SEC in
connection with any matter relating thereto, hereby granting to such 
attorneys-in-fact and  agents, and each of them, full power to do and perform
any and all acts and  things requisite and necessary to be done in connection
therewith as the  undersigned might or could do in person, and hereby ratifying
and confirming  all that said attorneys-in-fact and agents and each of them may
lawfully do or cause to be done by virtue hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as
of April 28, 1997


/s/ Kenneth R. Janson                          /s/ Daniel D. Greenlee 
- --------------------------------------         --------------------------------
Kenneth R. Janson, President, Director         Daniel D. Greenlee, Treasurer

/s/ Peter L. Lemmer                            /s/ Richard E. West
- --------------------------------------         --------------------------------
Peter L. Lemmer, Secretary                     Richard E. West, Vice President, 
                                                 Director

/s/ George J. Butvilas                         
- --------------------------------------         --------------------------------
George J. Butvilas, Director                   William J. McGarry, Director

                                               
- --------------------------------------         --------------------------------
                                               James Bogan, Director