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Our Mission

Act as a multiplier for good, sharing our success to improve the lives of members, employees, and neighbors to build stronger, more vibrant communities.

Dow Credit Union's Service Commitment is to be our members' lifelong financial partner by building trusted relationships.


Dow Credit Union was the 182nd credit union organized in the State of Michigan.

In 1937, the country was still in the throes of a severe economic depression that underscored the need for a workable financial plan to enable Dow employees to save for emergencies and obtain convenient, low-cost credit. Two Dow employees heard about the credit union movement and brought members of the Michigan Credit Union League to Midland. Representatives of labor and management heard the plan, liked it, and applied to the State Banking Department for a charter, which was granted July 28, 1937.

When Dow Credit Union began, membership was available to all employees of The Dow Chemical Company upon payment of a $0.25 membership fee. After joining, members could buy shares in the Credit Union for $5 each. The maximum loan granted without security was $50 and the maximum loan with security was $300. Interest rates were fixed at one percent a month on unpaid balances of any loan.

The first year of its inception, Dow Credit Union had 338 members and issued $4,990 in loans. By 1938, the assets reached $35,983. Dow Credit Union is proud to serve more than 74 thousand members and as of December 31, 2021 has over $2.1 billion in assets.

Our goal has always been to serve the members to the best of our abilities and provide them with the best value for their money. Every day, we continually strive to improve our level of service by keeping our common focus on the members. Thank you for your continued support of Dow Credit Union and for utilizing the many services we offer. Please look to us first for all of your financial needs as we continue to provide great value and pricing of our products and services. We look forward to serving you today, tomorrow, and for the years to come. Remember, Dow Credit Union is your Credit Union!


Hours and Locations

Midland Branch



Monday - Friday: 7:30 a.m. - 5:30 p.m. ET*

Drive Thru:

Monday - Friday: 7:30 a.m. - 5:30 p.m. ET*

Saturday: 9:00 a.m. - 1:00 p.m. ET*

* See the Holiday Hours section below for more specific information.

Saginaw Branch

5420 Gratiot Rd, Saginaw, MI 48638



Monday - Friday: 9:00 a.m. - 5:00 p.m. ET*

Drive Thru:

Monday - Friday: 9:00 a.m. - 5:00 p.m. ET**

* See the Holiday Hours section below for more specific information.
** Drive Thru ATM available 24-hours every day and on weekends.


We have a number of ATM locations. Use our ATM Locator to find the one closest to you!

Holiday Hours (2024)

DayDateHoliday NameHours
MondayNew Year's Day HolidayClosed
SaturdayJan 13Martin Luther King Jr. Day WeekendClosed
MondayMartin Luther King Jr. Day Closed
MondayPresident's Day Closed
FridayMar 29Good FridayClosed
SaturdayEaster Weekend Closed
SaturdayMemorial Day WeekendClosed
MondayMemorial Day Closed
Thursday Independence Day Closed
SaturdayAug 31Labor Day WeekendClosed
MondayLabor Day Closed
ThursdayThanksgiving Closed
FridayDay after Thanksgiving Closed
SaturdayThanksgiving WeekendClosed
TuesdayChristmas Eve7:30 a.m. - 12:00 p.m. ET
WednesdayChristmas DayClosed
TuesdayNew Year's Eve7:30 a.m. - 12:00 p.m. ET
WednesdayJan 01New Year's Day (2025)Closed




Featured News

Saginaw Branch Reports $3.4 Million in Deposits After Grand Opening Week

September 30, 2023


SAGINAW - Dow Credit Union's first branch in Saginaw County reported a cumulative $3.4 million in deposits after its Grand Opening Week from Sept. 25-29, dramatically outpacing already high expectations. 


“Our grand opening festivities brought out so many different people,” Ryan Carter, a specialist with our community outreach team, said. “We got to hear from existing members thrilled to have a location closer to home, and people meeting us for the first time were excited to learn how easy it is to become a member.” 


Offering the same products available at the credit union's Midland headquarters, our team at 5420 Gratiot Road began welcoming new members a month ago during the facility’s soft opening.  


Chief Financial Officer Sanjay Ahluwalia believes many in the community identified this credit union as their best option to maximize earnings. As of September, our high-yield savings account carried annual percentage yields (APY) up to seven times the national savings average’s APY, according to NerdWallet.1 Furthermore, our certificate of deposit (CD)2 rates ranked among the best in the nation, earning recent accolades from Business Insider, Investopedia, and The Wall Street Journal.3  


“As a credit union, we are member-owned, and as such we can return value directly to our members rather than to Wall Street shareholders,” Ahluwalia said. “We have developed a loyal member base over many years that has in turn created a very efficient cost structure for us. This means we can provide our members with better rates than they would find elsewhere.” 


In addition to favorable rates, branch manager Emily Migut believes the Member Giveback program was instrumental in our recent successes. For decades we have marked the end of the fiscal year by returning a board-approved percentage of annual earnings to members through rebates and rewards. Though never guaranteed, the board has approved a giveback every year since 1980, awarding $14 million to members in 2022 alone.


We presently serve over 80,000 members and boast assets of over $2.1 billion. Though originally established for Dow employees, membership in our community is now accessible to everyone through different membership options. 


“Just like any new home, we want to share our home with you,” CEO Michael Goad said. “We invite you to come in, see our new branch, and meet our team. Let us show you what Dow Credit Union can do for you and your family.” 


  1. NerdWallet, 9/18/2023, https://www.nerdwallet.com/m/banking/standout-online-savings-accounts
  2. Annual Percentage Yield (APY) assumes interest payouts remain in your certificate account until maturity. Interest rate is guaranteed for the length of the term. An early withdrawal penalty may be applied when a withdrawal is made prior to maturity of the certificate and could result in loss of principal. Starting minimum deposit is $500. Rates are subject to change on a daily basis. 
  3. Business Insider, 9/29/2023, https://www.businessinsider.com/personal-finance/best-3-month-cd-rates; Investopedia, Investopedia, 8/10/2023, https://www.investopedia.com/top-cd-rates-today-more-than-20-options-to-earn-5-50-or-better-7629209; The Wall Street Journal, 6/8/2023, https://www.wsj.com/buyside/personal-finance/best-cd-rates-credit-unions-f0c92b85 
  4. While the Member Saver Reward occurs with great regularity, this credit union benefit is not guaranteed. The Member Saver Reward benefit is determined by the Dow Credit Union Board of Directors and is paid out on January 1st to the Prime Savings Account as a lump sum deposit based on earnings from eligible deposit products. 





Interested in helping making Dow Credit Union great?

Dow Credit Union believes that diversity, equity and inclusion are essential to a robust and thriving financial institution. As a membership organization with a global reach, Dow Credit Union is committed to promoting a culture that includes, encourages, supports and celebrates diverse voices and reflects the communities it serves.



Security, Policies, & Disclosures