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  4. Credit Unions Chartered in the State of Michigan - 151 Dow Chemical Employees (DCECU)
EIN 38-0495567

Credit Unions Chartered in the State of Michigan - 151 Dow Chemical Employees (DCECU)

IRS 501(c) type
501(c)(14)
Num. employees
209
City
Midland
State
Michigan
Year formed
1937
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Dow Chemical Employees’ Credit Union is a not-for-profit financial cooperative. Since then the goal has always been to serve their members to the best of their abilities and provide them with the best value for their money. Every day they continually strive to improve their level of service by keeping their focus on the members. They’re in business to serve you, their members, not make a profit. Dow Chemical Employees’ Credit Union’s Service Commitment is to be their member’s lifelong financial partner by building trusted relationships.
Related structure
DCECU is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Dow Chemical Employees' Credit Union; 151 Dow Chemical Employees; Dow Credit Union
Total revenues
$64,943,643
2022
Total expenses
$52,576,897
2022
Total assets
$2,121,264,280
2022
Num. employees
209
2022

Program areas at DCECU

Dow Credit Union is a Michigan state-chartered Credit Union providing approximately 77,541 members with affordable loan account services, savings, checking accounts, and various electronic based services including atm access and online banking. As acooperative financial institution, we strive to provide outstanding member value and are committed to providing services and solutions that will improve our members' financial life. We offer lower rates on loans, higher rates on deposits and charge very few/low service fees. We have served our members for over 80 years.

Personnel at DCECU

NameTitleCompensation
Michael GoadPresident and Chief Executive Officer / Chief Financial Officer$646,240
Susan PhillipsSenior Executive Assistant - Chief Executive Officer$125,378
Arthur PetersChief Operating Officer / Vice President of Info Tec$1,574,358
Sanjay AhluwaliaChief Financial Officer$273,034
Elton BrooksVice President of Retail$256,074
...and 14 more key personnel

Financials for DCECU

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$46,413,772
Investment income and dividends$19,650,486
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,120,615
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$64,943,643

Form 990s for DCECU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2019-122021-06-08990View PDF
2018-122019-12-11990View PDF
...and 9 more Form 990s
Data update history
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 5, 2024
Updated personnel
Identified 3 new personnel
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Used new vendors
Identified 2 new vendors, including , and
July 8, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
600 E Lyon Rd
Midland, MI 48640
Metro area
Midland, MI
County
Midland County, MI
Website URL
dowcreditunion.org/ 
Phone
(989) 832-9283
Facebook page
dcecu 
IRS details
EIN
38-0495567
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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