Member Giveback

The Dow Credit Union Member Giveback

For decades, Dow Credit Union has returned a board-approved percentage of our annual earnings to members in good standing¹ via our Member Giveback rebates and rewards². We are one of only a handful of credit unions nationwide to routinely give back a portion of our earnings to members.

Giveback Basics

What is the Dow Credit Union Member Giveback?

Dow Credit Union strives to maintain a healthy capital (net worth) level. Anything over that level is considered excess income and generally is given back to eligible members in the form of a Member Giveback. Typically included in the Member Giveback are our Loan Interest Rebate, Member Saver Reward and Visa^® Debit Card Rebate.

The Loan Interest Rebate entitles members in good standing¹ to get back a Board-approved percentage of the total interest paid during that year on their rebate-eligible Dow Credit Union loans.
The Member Saver Reward entitles members in good standing¹ to be rewarded with a Board-approved percentage of the total dividends/interest earned during that year on their Dow Credit Union deposits that are eligible for the Member Saver Reward.
The Visa^® Debit Card Rebate entitles members in good standing¹ to receive a rebate of a Board-approved percentage of all net purchase transactions (debits) on their Dow Credit Union Visa^® Debit Card during that year.

2022 Giveback

Dow Credit Union is giving back 40% of the interest that members in good standing¹ have paid on their eligible loans over the course of the year and is giving them a cash reward equal to 40% of the dividends/interest they earned on their eligible deposits in 2022. Members in good standing¹ also will receive a .125% rebate on their combined total signature-based and PIN-based Visa^® Debit Card purchases for the year.

2022 Giveback examples

If you paid $3,000 in interest on any rebate-eligible Dow Credit Union loans in 2022, you would receive $1,200 back.
If you earned $500 in dividends/interest on eligible Dow Credit Union deposits in 2022, we would give you an additional $200.

Giveback History

2022 marks the 42nd consecutive year of Dow Credit Union's Member Giveback.

The graph shows the Member Giveback percentages for the Loan Interest Rebate and Member Saver Reward over the last 15 years.

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1. Members in good standing are defined as those members who have at least $5 in their Share Account on December 31 of that year, have had no delinquent accounts, have not had adverse collection activities on their account, and have not had accounts charged off. Members who are in default or who have caused the credit union a loss typically are not eligible for year-end rebates and rewards.

2. While year-end rebates and rewards occur with great regularity, this credit union benefit is not guaranteed. Not all loan and deposit products are eligible for Member Giveback consideration. Some limitations apply. For the Rebate-Eligible Visa^® Credit Card, Loan Interest Rebate typically is deposited to Prime Share Account no later than January 31.

Member Giveback FAQs

Although this credit union benefit is not guaranteed, the Member Giveback is typically given out annually during the month of January. Since 1955, Dow Credit Union has given back a share of our earnings to members in all but one year (1979).

There are many factors, including – but not limited to – interest rate levels, yield curve, balance sheet mix and risk, capital (net worth), the current and future economic environment, and regulatory changes.

No, but a Giveback has occurred every year since 1980 and in all but one year since 1955.

Although this credit union benefit is not guaranteed, the Loan Interest Rebate for the Rebate-Eligible Visa^® Credit Card is typically deposited to the Prime Share Account no later than January 31.

Still have questions? Contact us.