DCECU 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, DCECU 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.
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