MIDLAND, MICH. Dow�Chemical Employees Credit Union recently announced record-breaking
Member Giveback Rebates and Rewards for 2015. Approximately $14 million in year-end rebates and rewards on loans and share/deposit accounts will be given back to members the largest dollar amount in the credit unions history.
On January 1, 2016, DCECU members will receive these givebacks via:
- The year-end Loan Interest Rebate, which will rebate borrowers in good standing 75 percent of the total interest they paid on all eligible DCECU loans during 2015.
- The Member Saver Reward, which will give depositors in good standing an additional 75 percent of the dividends/interest they earned on DCECU shares/deposits in 2015.
- DCECU VISA� Check Card Rebates of 0.125 percent of all signature-based transactions during 2015 and $0.01 for each PIN-based transaction during 2015.
"We have a deep commitment to giving back to our members, and we return part of the credit unions earnings to them because they also are owners of the credit union," said DCECU President/CEO Dennis Hanson. "It certainly is a point of pride that we are able to return a historic $14 million in
Member Giveback Rebate and Rewards to our valued members this year."
As a principles-based financial cooperative, DCECU is committed to providing its members with exceptional service, convenience, value and security. The credit union serves more than 57,000 members with a selection of products and services, including a full suite of electronic and deposit products, mortgage and consumer loan products, and Internet and Mobile Banking.
In 2014, DCECUs
Member Giveback Rebates and Rewards which included a 75 percent
Loan Interest Rebate, a 75 percent
Member Saver Reward, and
VISA� Check Card Rebates of 0.125 percent of signature-based transactions and $0.01 per PIN-based transaction totaled more than $13.2 million.
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