Sep, 30, 2025 — DOW CHEMICAL EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in MIDLAND, MI with 2 branch locations and about $2.49 billion in total assets. Opened 89 years ago in 1937, DOW CHEMICAL EMPLOYEES' CREDIT UNION has about 83,478 members and employs 192 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DOW CHEMICAL EMPLOYEES' CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 E Lyon Rd MIDLAND, MI 48640-5396 |
| Phone: | (989) 835-7794 |
| Fax: | (989) 607-6790 |
| Website: | https://www.dowcreditunion.org |
| Branches: | 2 branch locations |
| Members: | 83,478 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60137 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,491,872,995 |
| CEO/Manager: | Michael G Goad |
| Chairperson: | Lisa McKenney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 89,248,348 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 545,000 |
| Real Estate Loans | 586,179,643 |
| Unsecured Loans | 71,118,215 |
| Other Loans | 573,249,973 |
| TOTAL LOANS | 1,230,575,679 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,118,697 |
| Land And Building | 6,871,899 |
| Other Fixed Assets | 1,644,593 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 19,866,930 |
| All Other Assets | 412,733 |
| TOTAL ASSETS | 2,491,872,995 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,008,582 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,786,326 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 226,090,525 |
| Regular shares | 333,600,058 |
| All Other Shares & Deposits | 1,659,742,947 |
| TOTAL SHARES & DEPOSITS | 2,219,433,530 |
| TOTAL LIABILITIES | 2,263,228,438 |
| Regular Reserve | 0 |
| Other Reserves | -23,149,625 |
| Undivided Earnings | 251,794,182 |
| TOTAL EQUITY | 228,644,557 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,491,872,995 |
| INCOME & EXPENSE | |
| Loan Income | 49,444,874 |
| Investment Income | 37,856,154 |
| Other Income | 1,826,952 |
| Total Employee Compensation & Benefits | 15,481,374 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,864,396 |
| Non-operating Income & (Expense) | -6,508,619 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,242,818 |
| Cost of Funds | 50,818,139 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,648,928 |
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