UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  20549

                                    FORM 15


            CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION
               UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT
              OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
          SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                         Commission File Number 0-17137

                           D&N FINANCIAL CORPORATION
             (Exact name of registrant as specified in its charter)

           400 Quincy Street, Hancock, Michigan 49930, (906) 482-2700
              (Address, including zip code, and telephone number,
       including area code, of registrant's principal executive offices)

                    Common Stock, $0.01 par value per share
            (Title of each class of securities covered by this Form)

                                      None
              (Titles of all other classes of securities for which
          a duty to file reports under Section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

     Rule 12g-4(a)(1)(i)  [ ]    Rule 12h-3(b)(1)(i)   [X]
     Rule 12g-4(a)(1)(ii) [ ]    Rule 12h-3(b)(1)(ii)  [ ]
     Rule 12g-4(a)(2)(i)  [ ]    Rule 12h-3(b)(2)(i)   [ ]
     Rule 12g-4(a)(2)(ii) [ ]    Rule 12h-3(b)(2)(ii)  [ ]
                                 Rule 15d-6            [ ]

     Approximate number of holders of record as of the certification or notice
date:  None.

     Pursuant to the requirements of the Securities Exchange Act of 1934 D&N
Financial Corporation has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized person.

Date:   May 18, 1999            By: /s/ George J. Butvilas
                                    ------------------------------------------
                                        George J. Butvilas
                                        President and Chief Executive Officer

Instruction:  This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Act of 1934.  The registrant
shall file with the Commission three copies of Form 15, one of which shall be
manually signed.  It may be signed by an officer of the registrant, by counsel
or by any other duly authorized person.  The name and title of the person
signing the form shall be typed or printed under the signature.