Dow Chemical Employees' Credit Union


Overview / Commentary
800-835-7794
600 E Lyon Rd
Midland, MI 48640-5396

Dow Chemical Employees' Credit Union is headquartered in Midland and is the 9th largest credit union in the state of Michigan. It is also the 176th largest credit union in the nation. It was established in 1937 and as of September of 2019, it had grown to 138 employees and 68,047 members at 1 location. Dow Chemical Employees' Credit Union's savings rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Dow Chemical Employees Credit Union is open to anyone who joins the Midland Center for the Arts, Alden B. Dow Museum. Current and retired employees of the Dow Chemical Company, the Dow Corning Corporation, and their affiliates are also eligible. Membership is also open to individual owners of stock in the Dow Chemical Company and employees of more than 60 Select Employer Groups.
See current membership details

Related Posts

Dow Chemical Employees Credit Union Raises 36-Month CD To 2.90% APY - 10/25/2019

Soon after introducing that limited-time offer, DCECU raised the rate on its 36-month Simple CD to 2.90% APY. The 36-month Simple CD requires only a $1k opening deposit.

Dow Chemical Employees' Credit Union Adds 21-Month CD, 2.45% APY - 10/9/2019

Dow Chemical Employees Credit Union (easy membership) is currently offering a 21-month Simple CD Special, which earns 2.45% APY. Minimum deposit is $5k.

Dow Chemical Employees CD Promotes 36-Month CD - 3/28/2019

Dow Chemical Employees Credit Union (easy membership) is currently offering a 36-month Premium Rate CD (3.65% APY). Minimum deposit is $1k, with a $250k balance cap.

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Reviews (3)

Dow Chemical Credit Union

Posted by: schott99 | Dec 20, 2019

Opened a new share account 12/16. All went very smoothly. Had to email copy of drivers licesnse, as we are out of state. took pic on camera and uploaded. Did pull from Marcus to open. Paid $35 to charity to become member. All in all a good experience. Plan to open a 100K 2 yr cd at 2.4%.

Member Give Back

Posted by: JOP369 | Dec 18, 2019

DCECU has a member give back program for any members that have a loan, mortgage, credit card or interest bearing account. This used to be an industry norm that is no longer, with DCECU being one of the last credit unions to maintain the tradition. DCECU doesn't spend money on buildings they spend it on members.

Interest Rebates

I joined this credit union several years ago but have not used them. The account opening process is slow especially if you are not a Dow Employee. I joined as a stockholder. I joined because of this credit unions history of rebating back a portion of their earnings to their members. They really do this. The only problem is their rates on Savings are not that great and their loan rates are higher. So the rebate is a gimmick. I would rather have a higher savings and a lower loan rate than a rebate. So not for me. Obviously some people like this.



Health

Health Grade Components

Overall
NCUA #60137
Year Chartered1937
Employees138
Primary Regulator
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD5.4%
Annual Interest Income$34.8MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.71B$1.64B
LoansQ3 2019vs Q3 2018$995.8MM$943.7MM
DepositsQ3 2019vs Q3 2018$1.49B$1.44B
Equity CapitalQ3 2019vs Q3 2018$192.2MM$166.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$2.9MM$2.5MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$2.4MM$2.2MM
Real Estate OwnedQ3 2019vs Q3 2018$214.00K$140.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Dow Chemical Employees' Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Dow Chemical Employees' Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$500k*-Simple High Yield Deposit
OTHER TIERS: 0.35% Up to $2.5k | 0.56% $5k - $10k | 0.70% $10k - $50k | 0.85% $50k - $100k | 1.00% $100k - $150k | 1.15% $150k - $500k
1.05%*$500k*-Premium High Yield Deposit Account
OTHER TIERS: 0.29% Up to $2.5k | 0.47% $2.5k - $10k | 0.58% $10k - $50k | 0.71% $50k - $100k | 0.83% $100k - $150k | 0.96% $150k - $500k
0.35%--Prime Savings
0.35%--Secondary Savings
0.35%--Club Account

Dow Chemical Employees' Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Share Draft Account

Dow Chemical Employees' Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$1k-36 Month Simple CD
2.16%$1k-24 Month Simple CD
2.10%$1k-60 Month Bump Rate CD
2.10%$500-18 Month Simple CD
2.05%$1k-48 Month HSA CD
2.05%$1k-48 Month Bump Rate CD
2.04%$1k-12 Month Simple CD
2.00%$1k-36 Month CD
2.00%$1k-36 Month HSA CD
1.95%$500$10k12 Month Youth CD
1.80%$1k-24 Month CD
1.80%$1k-24 Month HSA CD
1.80%$500-6 Month Simple CD
1.75%$1k-18 Month CD
1.75%$500$10k6 Month Youth CD
1.70%$1k-12 Month CD
1.70%$1k-12 Month HSA CD
1.50%$1k-6 Month CD
Locations


Dow Chemical Employees' Credit Union Locations
Branch Office600 E Lyon RdMidland, MI 48640-5396

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