The $1.4 billion Dow Chemical Employees Credit Union won't show up on the list of top performing credit unions based upon return on assets, efficiency ratio, net interest margin or any other traditional measure of financial success. In fact, it would probably show up in last place, and that is just fine with them.
On Dec. 30th, 2014, CU Times ran an article (Dow Chemical Sweetens the Payout Sauce) about DCECU's member giveback plan.
The numbers were staggering. Members in good standing received a 75% interest rebate on eligible loans, an additional 75% dividend on shares and deposits, and non-interest income rebates as well.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
