Member Giveback

The DCECU Member Giveback

For decades, DCECU has given a board-approved percentage of its annual earnings back to members in good standing1 in the form of year-end Loan Interest Rebates and Member Saver Rewards2. We are one of only a handful of credit unions in the nation to routinely give back a portion of its earnings to members.

Giveback Basics

What is the DCECU Member Giveback?

DCECU strives to maintain a healthy capital (net worth) level. Anything over that level is considered excess income and is generally 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 all rebate-eligible DCECU loans.
  • The Member Saver Reward entitles members in good standing1 to be rewarded with a Board-approved percentage of the total dividends/interest earned on DCECU shares/deposits during that year.
  • The Visa® Debit Card Rebate entitles members in good standing1 to be rewarded with a Board-approved percentage of all signature-based transactions and a Board-approved dollar amount for each PIN-based transaction during that year.

How often does the DCECU Member Giveback happen?

Although this credit union benefit is not guaranteed, the Member Giveback typically is given out annually on January 1.

How is the Member Giveback amount decided?

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.

Is a rebate-eligible loan guaranteed to receive a rebate?

No, but Loan Interest Rebates have been paid in all but one year since 1955.

2018 Giveback

We are pleased to announce that we are giving back 60% to members for 2018 through our Loan Interest Rebate and Member Saver Reward! In all, we anticipate a Giveback of more than $18 million – our highest-ever total!

As always, your Giveback money is all yours, and you can use it for anything you want. Build your savings. Invest in a moneymaking CD. Help your college student pay for tuition. Make a home repair. Pay off a debt. Start a vacation fund.

Have questions? Check out our list of frequently asked questions about the Member Giveback.

Giveback History

Since 1999, we’ve given back nearly $175 million to members!

The graph shows the Loan Interest Rebate percentages over the last 20 years.

As you can see, the Loan Interest Rebate typically had been between 12.5% and 15% from 1998 to 2010. This is what we consider to be in our long-term historical range for Loan Interest Rebates. The jump to higher rebate percentages from 2012 through 2017 was done in an effort to return money to members as we reduced excess capital – a “rainy-day fund” – that we had built up in response to The Great Recession of 2007 to 2009. The excess capital has almost been depleted, so rebates are starting to return to more normal levels.

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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 ↩︎3 ↩︎4

  2. While year-end rebates and rewards occur with great regularity, this credit union benefit is not guaranteed. Membership eligibility required. The following loans are eligible for the potential year-end Loan Interest Rebate: Rebate Eligible Fixed Rate Mortgage, Adjustable-Rate Mortgage (ARM), Single Advance Equity, Prime Home Equity Line-of-Credit, Rebate Eligible Auto, Rebate Eligible Recreational Vehicles, Secured, Revolving Lines-of-Credit, Personal and our Rebate Eligible Visa® Credit Card↩︎