MIDLAND, Mich. — Dow Credit Union is returning more than $18 million to members through its Annual Member Giveback program, with qualifying payouts starting this month, WSGW reported.
The $2.5-billion credit union said eligible members will receive funds directly deposited into their accounts.
The giveback represents surplus earnings returned to member-owners based on their use of qualifying savings, loan, and debit products. This year’s program includes returns on eligible deposits and loans, along with a rebate tied to Visa debit card usage, according to the credit union.
President and CEO Michael Goad said the initiative reflects the cooperative model of member ownership, emphasizing Dow’s long-standing commitment to sharing financial performance with its members. The 2026 distribution marks the 45th consecutive year the credit union has returned earnings through the program.
Since launching the initiative in 1980, Dow Credit Union has returned more than $331 million to members. Over the past year, the credit union has expanded membership eligibility to all Michigan residents and eliminated several member fees, moves aimed at broadening access and improving affordability.
Dow Credit Union recently launched business banking services and introduced a new checking account option as part of its broader product expansion. The credit union serves nearly 84,000 members worldwide and operates branch locations in Midland and Saginaw, alongside a growing digital banking presence, WSGW reported.