The $1.4 billion Dow Chemical Employees' Credit Union of Midland, Mich., announced a record-breaking membership payout. On Jan. 1, members in good standing will receive a rebate of 75% of the total interest they paid on eligible loans during 2014, an additional 75% of dividends earned on shares and deposits during 2014 and check card rebates that include 0.125% of signature-based transactions and one cent for each PIN-based transaction during 2014.

The patronage reward follows a record setting 2013 payout, which rebated 60% of interest paid and awarded an additional 60% of dividends earned and paid back the same check card rebates.

“At DCECU, we believe in giving back. As part of our commitment to giving back to our members, we return part of the credit union's earnings to them because our members also are owners of the credit union,” said DCECU President/CEO Dennis Hanson. “We are pleased that 2014 is able to end on such a high note and that we are again able to surpass the previous year's historic Member Giveback Rebate and Reward rates.”