It’s Member Giveback time!

DCECU Member Giveback returning $13.6 million to members for 2021

For the 41st consecutive year, DCECU is returning a share of our earnings to our members through our Member Giveback!

On December 14, our Board of Directors approved a Member Giveback1 for 2021 for members in good standing2. Most rebates and rewards will be deposited on January 1, 2022, to the Prime Share Savings; however, please allow through January 15, 2022, for all deposits to be completed.

The 2021 Member Giveback includes:

  • A Loan Interest Rebate of 40% of interest paid on rebate-eligible DCECU loans during 2021
  • The Member Saver Reward, which will add 40% to the dividends/interest earned on eligible DCECU shares/deposits in 2021
  • A DCECU Visa® Debit Card Rebate of .125% of all net purchase transactions made during 2021

“In 2020, we provided the nation’s largest giveback to members as a percentage of total assets, and 2021’s payment currently is ahead of other credit unions that have announced givebacks,” said DCECU Chief Executive Officer Michael Goad. “We’re also the largest financial institution based in Michigan’s Great Lakes Bay Region – which is only possible because of the loyalty of our members, and the Member Giveback is one of the biggest ways in which we thank them for that loyalty.”

DCECU Board of Directors Chairman Mark Bachman agreed. “The Member Giveback happens with such consistency because DCECU has 74,000-plus members who loyally utilize our products and services year in and year out,” he said. “To say the least, the participation we see from our members in terms of their saving and borrowing activity with us is the driving force behind the credit union’s success.”

This is the 41st consecutive year that DCECU has returned a share of its earnings to members, with a grand total of $262 million given back during those four-plus decades. The Member Giveback began in 1955 and has been offered in all but one year since.

The total dollar amount of the 2021 Member Giveback will be announced in January, after the rebates and rewards have been deposited to members’ accounts.

Read more about the Member Giveback here.

  1. While Member Giveback 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. Membership eligibility required. ↩︎

  2. Defined as those members who have at least $5 in their Share Account on December 31, have had no delinquent accounts, have not had adverse collection activities on their accounts 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. ↩︎


giveback featured

Latest News

Tags