Dow Chemical Pays Out $4.6 Million ToMembers

Register now

MIDLAND, Mich. - (01/16/06) – Dow Chemical Employees CU saidit paid members a total payout of $4.6 million for 2005, comprisedof interest rebates, saver and check card incentives. The $950million credit union, one of the few still paying interest rebates,returned more than $3 million in interest rebates of 15% for 2005,up from the 12.5% rebates paid for 2004. Members in good standingalso received a 10% ‘member saver reward,’ whichtotaled $1.5 million for 2005. And Visa check card holders sharedan additional $86,000 based on their transactions amounts. DowChemical Employees had paid an interest rebate for 49 of the past50 years.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER