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Michigan Credit Union League

DCECU Ends Year with Record-Breaking Member Rebates and Rewards

Dow Chemical Employees’ CU announced record-breaking Member Giveback Rebates and Rewards for 2014. For the third consecutive year, the percentages of year-end rebates and rewards on loans and share/deposit accounts to be given back to members will surpass the previous year’s givebacks.

On Jan. 1, DCECU members received 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 2014.
  • 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 2014.
  • DCECU VISA® Check Card Rebates of 0.125 percent of all signature-based transactions during 2014 and $0.01 for each PIN-based transaction during 2014.

“At DCECU, we believe in giving back. As part of our commitment to giving back to our members, we return part of the credit union’s earnings to them because our members also are owners of the credit union,” DCECU President/CEO Dennis Hanson said. “We are pleased that 2014 is able to end on such a high note and that we are again able to surpass the previous year’s historic Member Giveback Rebate and Reward rates.”

DCECU serves more than 57,000 members with an array of convenient products and services, including a full suite of electronic and deposit products, mortgage and consumer loan products and Internet and Mobile Banking.

In 2013, DCECU’s Member Giveback Rebates and Rewards – which included a 60 percent Loan Interest Rebate, a 60 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 $11 million.
 

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2015-01-04 00:00:00