Dow Chemical Pays Out $4.6M

Register now

Dow Chemical Employees Credit Union said it paid members a total payout of $4.6 million for 2005, comprised of interest rebates, saver and check card incentives.

The $950-million 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 standing also received a 10% "member saver reward," which totaled $1.5 million for 2005. And Visa check card holders shared an additional $86,000 based on their transaction amounts.

Dow Chemical Employees had paid an interest rebate for 49 of the past 50 years.

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