MIDLAND, Mich.–Dow Credit Union said its 2025 Member Giveback is paying out more than $18 million.
Beginning in January, qualifying members will see their Giveback deposited directly into their accounts, according to Dow CU, which is annually a leader in such year-end rebates to members.
The payout is based on a 30% return of the additional interest paid to members with eligible deposits, 30% of the interest paid on eligible loans, and a 0.125% rebate based on net Visa debit card usage.
“This is our annual way of saying thank you,” President and CEO Michael Goad said in a statement. “Your loyalty and engagement as members are what make our work meaningful. Because you choose to bank with us, we’re able to return real value through meaningful rewards—putting it right back in your hands and helping support your financial goals.”
45th Consecutive Year
According to the $2.5-billion Dow CU, this year’s distribution marks its 45th consecutive year of giving back. Since 1980, the credit union reported it has returned more than $331.6 million to members, “a distinction shared by only a small number of credit unions nationwide.”
“The Annual Giveback reflects a broader focus on delivering everyday value,” the credit union stated. “Over the past year, Dow Credit Union enhanced accessibility and transparency by expanding membership eligibility to all Michigan residents, eliminating several fees including NSF fees, and extending Member Care Center hours to Saturdays from 9:00 a.m. to 1:00 p.m. In addition, the credit union introduced Preferred Checking, a new account that rewards members for everyday banking activities.”
Other Year-End Rebates
Other year-end rebates announced to date include:
Dearborn, Mich.-based DFCU Financial announced the distribution of$18.7 million in cash back to eligible members, marking 20 years of its Cash Back program. Since the program launched in 2006, DFCU Financial said it has returned more than $510 million to its members, “reinforcing its long-standing commitment to sharing success with the people it serves.”
Parkersburg, W.V.-based West Virginia Central Credit Union paid a bonus dividend just over $993,000 to about 22,000 members. WVCCU said that unlike recent bonus dividends paid out, the owner dividend was distributed based on how long a member has banked with the credit union rather than account balances. For those who were members as of Dec. 31st, 2024, and prior received $48 and those who became members after received $12.50.
