Dow Credit Union Returns $ 13.6 Million to Members Through Discounts and Rewards


The Dow Chemical Employee Credit Union announced its 2021 member rebates, with $ 13.6 million expected to be returned to eligible members by mid-January via rebates and rewards deposited to their accounts savings.

This is the 41st consecutive year that DCECU has donated a share of its revenue to members, with a total of $ 262 million donated over four decades and more. Member Giveback started in 1955 and has been offered for a year.

For 2021, DCECU will reimburse 40% of the interest that members in good standing paid on their qualifying loans during the year and will give them a cash reward equal to 40% of the interest / dividends they earned on their qualifying deposits. . . Members in good standing will also receive a 0.125% discount on their DCECU visa total.® Debit card purchase transactions for the year, whether the transactions are signature-based or PIN-based.

“In 2020, we provided the largest donation to members in the country as a percentage of total assets, and the 2021 payment is currently ahead of other credit unions that have announced donations,” said Michael Goad, CEO of DCECU. “We are also the largest financial institution based in the Great Lakes Bay area of ​​Michigan – which is only possible through the loyalty of our members, and Member Giveback is one of the greatest ways we we thank them for this loyalty.

DCECU board chairman Mark Bachman approved.

“Member Giveback occurs with such consistency as DCECU has over 74,000 members who faithfully use our products and services year after year,” he said. “At the very least, the participation that we see from our members in terms of savings and borrowing activity with us is the the driving force behind the success of the credit union.

The official total 2021 Member Discount amount will be announced at the end of January, once all discounts and rewards have been deposited into member accounts. Most deposits will be made on January 1, 2022, but all are expected to be made by January 15, 2022.


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