MIDLAND, Mich.—The $2.3-billion Dow Credit Union is paying out an estimated $18.5 million this month to eligible members as part of its annual Member Giveback program for 2024, the CU reported.
“Our success is built on the trust and loyalty of our members, and the Member Giveback program is our way of saying thank you,” said Dow Credit Union President/ CEO Michael Goad. “Our long-standing tradition of sharing success by returning a portion of our earnings reflects our commitment to putting members first. It’s one of the many ways we show our appreciation for their trust in us while helping them achieve their financial goals. We always look forward to hearing how members plan to use their Giveback funds, whether it’s to take a dream vacation, tackle home improvement projects, or save for education and retirement goals.”
Marking its 44th consecutive year of giving back, since 1980, Dow CU has distributed more than $313.5 million to members through its Member Giveback program.
Eligible members in good standing receive their Giveback in the form of rebates and rewards, deposited directly into their share accounts in January. The 2024 Member Giveback program will return 30% of the interest that members paid on eligible loans throughout the year, a cash reward equal to 30% of the dividends or interest earned on their eligible deposits, and a 0.125% rebate of 2024 Visa® debit card purchases.