Dow Chemical Employees CU Saves Members About $696 Per Year
March 28, 2017
Act as a multiplier for good, sharing our success to improve the lives of members, employees, and neighbors to build stronger, more vibrant communities.
MIDLAND, MICHIGAN, March 28, 2017 – For the second consecutive year, Dow Chemical Employees’ Credit Union has received a Credit Union National Association (CUNA) Benefits of Membership Award – also known as the Member Benefits Top Performance Award – for saving its members money. DCECU is the only Michigan-based credit union to receive the award.
CUNA compared DCECU’s rates, fees and account yields to those of competing banks, determining that each member household saved an average of $696 this past year compared to the same services from a bank – a nearly 9% increase from DCECU’s 2016 award-winning total of $639 in savings.
DCECU is one of only three credit unions in the $600 million and above asset category – the highest of CUNA’s three asset categories – to receive the award in 2017. Only nine awards were given nationally across all categories.
“We are proud to offer great rates, provide rebates and rewards when we are able, and engage in principles-based decision-making every day,” said DCECU President/CEO Dennis Hanson. “Receiving the CUNA Member Benefits Top Performance Award for the second consecutive year reinforces for us that these actions truly do contribute to meeting our goal of helping our members build a strong financial future.”
According to the CUNA website, “the CUNA Benefits of Membership 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 cooperative, 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 more than $1.5 billion in assets and more than 58,000 members. Membership is open to employees and retirees of more than 50 Select Employer Group companies, as well as to their family members. For more information, visit dcecu.org or call 989.835.7794 or 800.835.7794.
Follow DCECU on Facebook: facebook.com/dcecu