Dow Credit Union

Dow Credit Union


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

Dow Credit Union is headquartered in Midland and is the 9th largest credit union in the state of Michigan. It is also the 198th largest credit union in the nation. It was established in 1937 and as of June of 2022, it had grown to 151 employees and 76,436 members at 1 location. Dow Credit Union 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

Reviews (3)

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.

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
Employees151
Primary Regulator
Profit Margin
Return on Assets - YTD-0.05%
Return on Equity - YTD-0.72%
Annual Interest Income$25.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.17B$2.12B
LoansQ2 2022vs Q2 2021$1.15B$1.03B
DepositsQ2 2022vs Q2 2021$1.97B$1.88B
Equity CapitalQ2 2022vs Q2 2021$160.2MM$221.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$3.7MM$5.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.7MM$1.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Dow Credit Union are currently being reviewed.

Locations


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

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