Dow Credit Union

Overview / Commentary
600 E Lyon Rd
Midland, MI 48640

Dow Credit Union is headquartered in Midland and is the 10th largest credit union in the state of Michigan. It is also the 210th largest credit union in the nation. It was established in 1937 and as of March of 2024, it had grown to 165 employees and 81,637 members at 2 locations. Dow Credit Union's savings rates are 7X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Dow Credit Union is open to anyone who joins the Midland Center for the Arts' Alden B. Dow Museum or the Midland County Historical Society. 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 nearly 100 Select Employer Groups.
See current membership details

Reviews (4)

Dow Chemical Credit Union

Posted by: |

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: |

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.

Be Aware, A Hard Pull

Posted by: |

Just wanted to let the community know hat there is a hard pull during sign up. And submitting application doesn’t guarantee the approval…

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 Grade Components

NCUA #60137
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD7.82%
Annual Interest Income$24.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.31B$2.14B
LoansQ1 2024vs Q1 2023$1.24B$1.15B
DepositsQ1 2024vs Q1 2023$2.1B$1.94B
Equity CapitalQ1 2024vs Q1 2023$176.8MM$167.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$7.4MM$4.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.8MM$1.8MM
Real Estate OwnedQ1 2024vs Q1 2023$50K$50K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Dow Credit Union Savings Account Rates

3.51%*$150k*-Simple High Yield Deposit
OTHER TIERS: 2.28% $0 - $50k | 2.95% $50k - $100k | 3.23% $100k - $150k
2.91%*$150k*-Premium High Yield Deposit Account
OTHER TIERS: 1.89% $0 - $50k | 2.46% $50k - $100k | 2.69% $100k - $150k
0.35%$0-Prime Savings
0.35%$0-Secondary Savings
0.35%$0-Club Account

Dow Credit Union Checking Account Rates

0.25%$0-Share Draft Account

Dow Credit Union CD Rates

5.30%$500-3 Month Simple CD
5.25%$500-13 Month Simple CD Special
5.21%$500-6 Month Simple CD
4.92%$500-12 Month Simple CD
4.90%$500-18 Month Simple CD
4.81%$500-36 Month Simple CD
4.65%$500-24 Month Simple CD
4.50%$500-48 Month CD
4.50%$500-60 Month CD
4.48%$500$10k6 Month Youth CD
4.32%$500-6 Month CD
4.24%$500$10k12 Month Youth CD
4.08%$500-12 Month CD
4.08%$500-12 Month HSA CD
4.06%$500-18 Month CD
4.00%$500-36 Month CD
4.00%$500-36 Month HSA CD
3.86%$500-24 Month CD
3.86%$500-24 Month HSA CD
3.74%$500-48 Month HSA CD
3.74%$500-48 Month Bump Rate CD
3.74%$500-60 Month Bump Rate CD

Dow Credit Union Locations
Branch Office600 E Lyon RdMidland, MI 48640-5396
Branch Office5420 Gratiot RdSaginaw, MI 48638-6056

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