Map of Michigan. Credit/Shutterstock
Dow Credit Union officially opened its membership to all Michigan residents following a recent Board-approved statewide membership eligibility update, the $2.3 billion credit union announced Wednesday.
What’s more, the Midland, Mich.-based credit union eliminated all non-sufficient funds (NSF) fees, effective April 1, 2025. The changes were made in an effort to support inclusive financial access and financial equity, Dow CU said.
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“Financial well-being should be accessible to everyone – and this move ensures more people can experience the exceptional value Dow Credit Union provides,” Dow CU CEO Michael Goad said of the NSF fee elimination. “Our focus is on delivering value – not fees. We offer great rates, low costs and a true sense of ownership that traditional banks can’t match.”
The membership expansion took effect following an update to Dow CU’s bylaws, which now state that any Michigan resident can join the credit union.
Individuals residing outside of Michigan can become members as well by donating $10 to Dow Credit Union’s Multipliers for Good fund, which supports grants for nonprofit initiatives.
Prior to this week’s membership expansion, individuals could become a member of Dow CU if they were a member of one of the credit union’s Select Employer Groups, a family member of a member, or by making a $10 donation to the Multipliers for Good fund. Now, there is no cost to join for those who reside in Michigan, the credit union said.
“This expansion reflects our deep commitment to improving the lives of our members, employees and neighbors,” Goad said. “Whether you’re in Michigan or across the country, Dow Credit Union invites you to experience what banking can be when it puts people first.”
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
