Dow Credit Union is headquartered in Midland and is the 9th largest credit union in the state of Michigan. It is also the 204th largest credit union in the nation. It was established in 1937 and as of September of 2022, it had grown to 151 employees and 77,228 members at 1 location. Dow Credit Union has a B+ 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
Dow Chemical Credit Union
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
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.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60137 |
| Year Chartered | 1937 |
| Employees | 151 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.05% |
| Return on Equity - YTD | 0.68% |
| Annual Interest Income | $39.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $2.13B$2.12B |
| Loans | Q3 2022vs Q3 2021 | $1.16B$1.06B |
| Deposits | Q3 2022vs Q3 2021 | $1.93B$1.87B |
| Equity Capital | Q3 2022vs Q3 2021 | $144.2MM$224.6MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $3.7MM$4.3MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.5MM$1.1MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |