Over $18 Million to be Returned to Members in Dow Credit Union’s Annual Member Giveback Program

January 07, 2026

Midland, Michigan – Dow Credit Union doesn’t just talk about putting members first—they act on it. Year after year, the credit union’s strong financial position allows it to return surplus earnings through meaningful rewards and rebates, known as the Member Giveback1. This year, the credit union is returning more than $18 million.

 

Beginning in January, qualifying members2 will see their Giveback deposited directly into their accounts—real dollars returned for everyday saving, borrowing, and spending with the credit union.

 

“This is our annual way of saying thank you,” said Michael Goad, President and CEO of Dow Credit Union. “Your loyalty and engagement as members are what make our work meaningful. Because you choose to bank with us, we’re able to return real value through meaningful rewards—putting it right back in your hands and helping support your financial goals.”

 

This year’s distribution marks Dow Credit Union’s 45th consecutive year of giving back, continuing a long-standing tradition of sharing financial success directly with the member-owners it serves. Since 1980, the credit union has returned more than $331.6 million to members, a distinction shared by only a small number of credit unions nationwide.

 

Members earn funds back by choosing reward- or rebate-eligible products. This year, the program boasts a 30 percent return of the additional interest paid to members with eligible deposits, 30 percent of the interest paid on eligible loans, and a 0.125 percent rebate based on net Visa® debit card usage.

 

The Annual Giveback reflects a broader focus on delivering everyday value. Over the past year, Dow Credit Union enhanced accessibility and transparency by expanding membership eligibility to all Michigan residents, eliminating several fees including NSF fees, and extending Member Care Center hours to Saturdays from 9:00 a.m. to 1:00 p.m. In addition, the credit union introduced Preferred Checking, a new account that rewards members for everyday banking activities. They also launched business banking services, welcoming more than 100 businesses. These initiatives give members more ways to maximize their banking experience and extends the member-owned model to entrepreneurs and employers.

 

With two physical branches in Midland and Saginaw along with a robust digital branch, Dow Credit Union serves nearly 84,000 members across all 50 states and in 40 countries. With $2.5 billion in assets, it is the largest and fastest growing financial institution headquartered in the Great Lakes Bay Region. Its efficient operating model positions the credit union as a leading destination for savers, with competitive rates, fewer fees, and a member experience built on personal relationships. The credit union remains dedicated to delivering value and services that put people first.

 

Dow Credit Union’s approach continues to earn national recognition. Its savings and certificate rates consistently outperform national averages, drawing recognition from The Wall Street Journal3, Business Insider4, NerdWallet5, Investopedia6, and DepositAccounts7. In 2025, Newsweek and Plant-A-Insights named Dow Credit Union one of “America’s Best Regional Banks and Credit Unions”.8

 

Learn More

 

  1. 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. 
  2. 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.  
  3. Wall Street Journal, 6/8/2023, The Best CD Rates Are from Credit Unions Right Now. Here Are the Top Offers.
  4. Business Insider, 01/2025, Best 3-Month CD Rates for January 2025
  5. NerdWallet, 10/2/2023, Standout Online Savings Accounts
  6. Investopedia, 07/10/2025, Best 3-Month CD Rates for July 2025 
  7. DepositAccounts, 12/04/2025, Best 3-Month CD Rates in December 2025
  8. Newsweek, 12/2024, America’s Best Regional Banks and Credit Unions 2025

 

Press Release