member-giveback-2023-dow-credit-union-1022x636

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.

Since 1980, we've given back more than

$ 295,000,000.00
2019 $20.6M
2020 $15.6M
2021 $13.3M
2022 $13.8M
2023 $19.2M

 

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.

 

 

Icon-Interest-Rebate-Sky-Blue

Loan Interest 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.

2023 Giveback Percentage: 35%

Icon-Member-Saver-Reward-Sky-Blue

Member Saver Reward

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.

2023 Giveback Percentage: 35%

Icon-Dow-Credit-Union-Debit-Sky-Blue

Visa® Debit Card Rebate

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.

2023 Giveback Percentage:  0.125%

What Our Members Are Saying

I have had my account with Dow Credit Union for over a decade now. They are by far the BEST financial institution I have ever had.
Kayla R.
Member
Highly recommend! The member giveback rebate on mortgages is excellent and one of the only programs like it in the country. 
Krista D.
Member
Show me the money!! I don't stay up late to see the ball drop. I stay up late to see the rebate drop!!
Melanie S.
Member

Member Giveback FAQs

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.
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.

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.