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 167th largest credit union in the nation. It was established in 1937 and as of June of 2019, it had grown to 135 employees and 67,061 members at 1 location. Dow Chemical Employees' Credit Union has an A health rating.
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
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.
|Return on Assets - YTD||0.78%|
|Return on Equity - YTD||7.16%|
|Annual Interest Income||$23.0MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$1.72B$1.68B|
|Loans||Q2 2019vs Q2 2018||$976.6MM$919.1MM|
|Deposits||Q2 2019vs Q2 2018||$1.49B$1.48B|
|Equity Capital||Q2 2019vs Q2 2018||$188.7MM$165.6MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$2.8MM$2.2MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$1.8MM$1.8MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$214.00K$47.00K|
Rates for Dow Chemical Employees' Credit Union are currently being reviewed.
|Dow Chemical Employees' Credit Union Locations|
|Branch Office||600 E Lyon Rd||Midland, MI 48640-5396|