Dow Credit Union Distributes $18.6 Million to Members as part of Annual Giveback Program

Midland, Michigan – Dow Credit Union – the largest financial institution headquartered in the Great Lakes Bay Region – announced it is paying out an estimated $18.6 million to eligible members as part of its annual Member Giveback program for 2024.

“Our success is built on the trust and loyalty of our members, and the Member Giveback program is our way of saying thank you,” said Dow Credit Union President/ CEO Michael Goad. “Our long-standing tradition of sharing success by returning a portion of our earnings reflects our commitment to putting members first. It’s one of the many ways we show our appreciation for their trust in us while helping them achieve their financial goals.”

Goad continued, “We always look forward to hearing how members plan to use their Giveback funds, whether it’s to take a dream vacation, tackle home improvement projects, or save for education and retirement goals.”

Marking its 44th consecutive year of giving back, Dow Credit Union is one of only a handful of credit unions nationwide to routinely return a portion of earnings to its members. Since 1980, Dow Credit Union has distributed more than $313.6 million to members through its Member Giveback program.

Eligible members in good standing will receive their Giveback in the form of rebates and rewards, deposited directly into their share accounts this January. Dow Credit Union's 2024 Member Giveback program will return 30% of the interest that members paid on eligible loans throughout the year, a cash reward equal to 30% of the dividends or interest earned on their eligible deposits, and a 0.125% rebate of 2024 Visa® debit card purchases.

Dow Credit Union’s 82,600-strong membership reflects its commitment to exceptional value and community impact. Recent accolades, including being the recipient of the Partners in Growth Corporate Achievement Award by the Great Lakes Bay Regional Chamber Summit, being named one of Newsweek’s Best Credit Unions for 2025, and being recognized by Investopedia as one of the Nation’s Best CD Rates, highlight its dedication to continued member value and excellence.

About Dow Credit Union
Dow Credit Union is a not-for-profit financial institution owned by its members and dedicated to being a multiplier for good. Located online and in Michigan’s Great Lakes Bay Region, the credit union has more than $2.3 billion in assets and over 82,600 members across all 50 states. Dow Credit Union members enjoy lower rates on loans, higher rates on deposits, and convenient anywhere banking powered by leading-edge technology to ensure privacy and security that have been recognized multiple times by America’s Credit Unions for top performance in saving members money. For more information, visit dowcreditunion.org.