Dow Chemical Employees' CU Recognized for Providing Financial Benefits to Members
April 28, 2021
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MIDLAND, MICHIGAN, April 28, 2021 – Dow Chemical Employees’ Credit Union has been recognized by the Credit Union National Association (CUNA) for being among the nation's best credit unions in terms of direct financial benefits provided to members in 2020.
In recognition of this achievement, DCECU once again has received CUNA’s Benefits of Membership Award, also known as the Member Benefits Top Performance Award. For 2020, the credit union was one of just three nationwide to be honored in the award’s $500+ million asset category – which is the highest asset category, meaning DCECU competed against the nation’s largest credit unions.
CUNA compared DCECU’s loan rates, deposit yields, and fees to those of competing banks, determining that each DCECU member household received an average direct financial benefit of $622 in 2020 compared to using the same services from competing banks.
“It is truly an honor to once again receive the CUNA Member Benefits Top Performance Award, which recognizes the direct financial benefits that our members enjoy,” said DCECU Chief Executive Officer Michael Goad. “As a member-owned credit union, our purpose is to provide value to our members and make their money work harder for them. This award is an indication that we are doing just that.”
According to CUNA, the award “recognizes credit unions that offer exceptional financial value to their members in the form of benefits. Credit unions that showcase exemplary value are recognized for their achievements.”
About Dow Chemical Employees’ Credit Union
Dow Chemical Employees’ Credit Union is a not-for-profit financial institution that is owned by its members and dedicated to providing them with smart, affordable banking solutions. Located in Midland, Michigan, DCECU has $2.1 billion in assets and nearly 72,000 members and has been recognized multiple times by the Credit Union National Association (CUNA) for top performance in saving members money. Membership is open to employees and retirees of nearly 100 Select Employer Group companies and their family members, as well as donors to the Midland Area Community Foundation’s DCECU Members Endowed Scholarship Fund. For more information, visit dcecu.org or call 989.835.7794 or 800.835.7794.
Follow DCECU on Facebook at facebook.com/dcecu and on Instagram at instagram.com/dcecu_mi.