MIDLAND, Mich.—After giving back $11 million to members in 2013, Dow Chemical Employees’ Credit Union will deliver record-breaking Member Giveback Rebates and Rewards for 2014.
For the third consecutive year, the percentages of year-end rebates and rewards on loans and share/deposit accounts to be returned will surpass the previous year’s givebacks.
On Jan. 1, members of the $1.4-billion DCECU will receive givebacks via:
- A year-end Loan Interest Rebate, rebating borrowers in good standing 75% of the total interest they paid on all eligible DCECU loans during 2014.
- A Member Saver Reward, giving depositors in good standing an additional 75% of the dividends/interest they earned on DCECU shares/deposits in 2014.
- DCECU VISA Check Card Rebates of 0.125% of all signature-based transactions during 2014 and $0.01 for each PIN-based transaction during 2014.
In 2013, DCECU’s Member Giveback Rebates and Rewards included a 60% Loan Interest Rebate and a 60% Member Saver Reward.
“At DCECU, we believe in giving back,” said DCECU President/CEO Dennis Hanson. “As part of our commitment to giving back to our members, we return part of the credit union’s earnings to them because our members also are owners of the credit union. We are pleased that 2014 is able to end on such a high note and that we are again able to surpass the previous year’s historic Member Giveback Rebate and Reward rates.”
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