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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

Three-Month Special CD Earns Media Endorsements

October 16, 2023


MIDLAND – Business Insider recently joined Investopedia and CBS News1 in recognizing our 3-month Special Certificate of Deposit (CD),2 which carries a 5.65% annual percentage yield, the highest rate in the nation offered for that term without mandating a five-figure deposit. 


CDs are low-risk investments like savings accounts. With a CD, consumers deposit funds for an agreed-upon term to lock in a higher rate of return.   


Unlike a savings account, the rate will not change regardless of market conditions, though the consumer typically cannot withdraw their funds early without incurring a fee. CDs are insured by the NCUA for up to $250,000, making them one of the safest options available for those looking to save. 


"It's a saver's economy," Dow Credit Union CFO Sanjay Ahluwalia said. "CD rates across the country haven't been this high in decades, and we are proud to lead the pack. If you can afford to let some money sit for a while, our CDs are a tremendous opportunity." 


Some of the best CDs nationwide are currently available at credit unions, though many financial institutions' rates still trail below 2.00% APY.3 Dow Credit Union already received national recognition in June for its 6-month CD, which offered 5.27% APY at the time. The Wall Street Journal listed the account as one of three "top offers" in the country, though the same term now carries 5.50% APY.


Despite being a primarily local institution, Dow Credit Union has consistently offered some of the most favorable rates available anywhere in the country. According to Ahluwalia, this is due to the credit union's stability and commitment to excellence. Furthermore, he explained that credit unions are often better positioned than banks to make competitive offers, as they do not need to pass profits along to shareholders. While high interest rates continue to dominate headlines, the current offers on CDs are not guaranteed to endure beyond the day they are advertised. 


"Once you have opened a CD, you've locked in that great rate," Ahluwalia said. "However, the market is constantly changing, and our rates have to reflect that. We can't make promises for how long rates will remain this high, only that we will continue to offer the best products we can for our members." 


  1. 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; CBS, 9/1/2023, https://www.cbsnews.com/news/cds-offering-4-5-or-more-and-low-minimum-deposits/ 
  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.  Rates effective as of 10/16/2023. 
  3. NerdWallet, 10/2/2023, https://www.nerdwallet.com/article/banking/current-cd-rates 
  4. Wall Street Journal, 6/8/2023, https://www.wsj.com/buyside/personal-finance/best-cd-rates-credit-unions-f0c92b85 






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