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                                                                                                                                                                                                                                           PRESORTED
                                                                                                                                                                                                                                           FIRST-CLASS
                                                                                                                            PO BOX 1649                                                                                                   U.S. POSTAGE
                                                                                                                            MIDLAND MI 48641-1649                                                                                              PAID
                                                                                                                                                                                                                                          SAGINAW, MI
                                                                                                                                                                                                                                         PERMIT NO. 269
                            HOME EQUITY
                            PAGE 2



                            CREATE SPACE
                            PAGE 3



                            DEALER SPOTLIGHT
                            PAGE 4




                                                                                                                                                                                                                                            auG | 2010




       DCECU offers a VISA                                                                                                                                                               ®

       credit card for everyone
       Every person has different credit card needs, and                                                  For the big spender
       that’s why DCECU offers four options with a variety
       of rewards.                                                                                        DCECU VISA® Platinum credit card holders can
                                                                                                          earn rebate dollars on net purchases made with
       While all VISA® credit cards offered by DCECU have                                                 the card with the CashBack Rewards rebate.*
       low interest rates, no annual fee and a 25-day                                                     A rebate up to 1.00% for qualifying transactions,
       interest-free grace period, there are several addi-                                                including purchases of goods and services, is paid
       tional benefits from which to choose.                                                              to your VISA® account in January of each year.

       For the avid traveler                                                                              For the responsible teen
       With DCECU’s VISA® Gold card, you can earn                                                         DCECU offers young adults the opportunity to learn
       TravelFreesm points to help you save for your next                                                 about responsible spending and build a personal
       getaway. Cardholders earn one point for every                                                      credit history with the Take Charge VISA® credit
       dollar spent on retail purchases. Points may be re-                                                card. Parents can be at ease knowing they control
       deemed for travel certificates or merchandise from                                                 the credit limit while enabling teens to be respon-
       the TravelFreesm website at www.rewardsnow.com/                                                    sible for budgeting.
       dcecu. Travel certificates earn you credit toward a
       variety of travel-related services, including airplane,                                            For the conscious saver
       train or bus tickets; hotel rooms; rental cars; and
       cruises. Travelers also benefit from free auto rental                                              All of DCECU’s VISA® credit cards qualify for the
       insurance and free worldwide travel accident insur-                                                potential year-end Loan Interest Rebate.**
       ance, which are included with all DCECU VISA®                                                      Members in good standing*** may choose to
       credit cards.                                                                                      receive this board-approved percentage of the
                                                                                                          total interest paid during that year.
       For the shopaholic                                                                                 To learn more about DCECU’s VISA® credit cards
       For the shopping enthusiast, it pays to choose the                                                 and rewards, stop by DCECU, visit www.dcecu.org
       $0.15 per retail transaction rebate on your Take                                                   or call our Loan Department at (989) 835-7794 or
       Charge VISA® or VISA® Classic credit card. The                                                     (800) 835-7794.
       rebate will appear on your monthly statement.

       *The maximum rebate that can be earned in any one calendar year is $500.00.
       **Please note that while year-end rebates occur with great regularity, this credit union benefit is not guaranteed.
       ***Defined as members who have at least $5 in their Share Account on December 31 of that year, have no delinquent accounts, have not had adverse collection activities on their
       accounts and have not had accounts charged off.




closinG noTice                                                                                               say hello
In observance of Labor Day, the credit union will be                                                         We are proud to welcome the following company and its                           We are reaching out to those companies with demonstrated
closed on Saturday, September 4, and Monday,                                                                 employees and family members to our credit union:                               business relationships with The Dow Chemical Company,
September 6.                                                                                                                                                                                 Dow Corning Corporation and/or DCECU. We welcome
                                                                                                                 n Dow Kokam                                                                 these companies to the DCECU family because of their
As always, our services are available 24 hours a
day with your DCECU VISA® Check Card, ATM card,                                                                                                                                              commitment to helping DCECU and its sponsor organiza-
1Call Audio Response and via Cyber Connection at                                                                                                                                             tions achieve success. Thanks for choosing DCECU!
www.dcecu.org.
2

     home equity

    Use home equity to                                                                                                                                       eservices –
    buy the things you                                                                                                                                       fasT, safe,
                                                                                                                                                             simple anD
    need                                                                                                                                                     Green
                                                                                                                                                             With cutting-edge eServices, DCECU has made it
    If you need to make home improvements, consoli-                                                                                                          easy for you to handle your finances from home or
    date debt, finance a college education, purchase a                                                                                                       wherever you are. Our full range of eServices allows
    vehicle or cover other expenses, consider a home                                                                                                         you to manage your accounts 24/7, completely
    equity loan from DCECU.                                                                                                                                  FREE. Save yourself the gas money and drive time
                                                                                                                                                             by taking advantage of these eServices.
    Home equity loans enable you to use the equity in
    your home to receive cash. Home equity loans are                                                                                                         Bill Pay. Pay your bills online with Bill Pay. You con-
    generally repaid in a shorter period of time than a                                                                                                      trol what bills are paid, the amount paid and when,
    regular mortgage.                                                                                                                                        and you can schedule payments up to 12 months
                                                                                                                                                             in advance.
    DCECU provides members with two kinds of home
    equity loans for owner-occupied primary residences                                                                                                       eStatements. To receive your statements more
    located in the state of Michigan: the “Prime Home                                                                                                        quickly than you would via postal mail, enroll to
    Equity” Line-of-Credit and the Single Advance Home                                                                                                       receive free electronic copies of your account state-
    Equity Loan.                                                                                                                                             ments that you can view, search and print. eState-
                                                                                                                                                             ments are available online days sooner than paper
    “Prime Home Equity” Line-of-Credit                                                                                                                       statements and can protect you from identity theft.

    • Interest rate varies on a quarterly basis with the                                                                                                     eAlerts. Sent directly to your inbox or text messaged
      Wall Street Journal® prime rate +0%                                                                                                                    to your cell phone, eAlerts can notify you within
                                                                                                                                                             minutes of certain transactions occurring on your
    • Payments vary at the rate of $18 per $1,000,                                                                                                           account.
      based on your outstanding balance, with a
      minimum monthly payment of $54                                                                                                                         Using eServices is fast, safe and simple and can
                                                                                                                                                             help reduce your environmental footprint. For more
    • Eligible for the potential year-end Loan Interest    • Closing costs include $250 paid at the time of ap-                                              information, visit www.dcecu.org, stop by DCECU’s
      Rebate                                                 plication and an additional $100 cost if a new full                                             Account Services Department or call the Member
    • Loan amounts up to $100,000, with no closing           appraisal on your home is required for maximum                                                  Contact Center at (989) 835-7794 or (800) 835-
      costs or application fees*†                            borrowing power                                                                                 7794.
    • No pre-payment penalty                               • No pre-payment penalty

    Single Advance Home Equity Loans
                                                           To learn more about how your home equity can help
                                                           you buy the things you need, stop by our office or                                                  9,000
                                                           call our Mortgage Department at (989) 835-7794 or                                                   Pounds of paper that
    • Available for 5-, 10- and 15-year repayment terms                                                                                                       could be saved in one
                                                           (800) 835-7794 or apply online at www.dcecu.org.                                                   year if half of DCECU’s
    • Eligible for the potential year-end Loan Interest    *Unless there are special circumstances or you would like a new full appraisal on your home for
                                                                                                                                                             members used eServices
      Rebate                                               maximum borrowing power.
                                                                                                                                                                Source: PayItGreen calculator


                                                           Certain loan limits may apply.
                                                           †
    • Loan amounts up to $100,000†



     member news

    Keep overdraft                                                                                                                                           sTay safe…
    protection on your                                                                                                                                       Five tips for managing your ATM use


    account
                                                                                                                                                             1 Memorize your PIN. Do not write it down.
                                                                                                                                                             2 Never disclose your PIN to anyone, including
                                                                                                                                                                 family members, credit union staff or police
                     Recent federal regulations govern-    overdrafts, stop by DCECU; call (989) 835-7794 or                                                     officers.
                     ing overdraft protection programs     (800) 835-7794; mail or fax the form available on                                                 3 Do not use obvious, guessable numbers
                     will impact all DCECU members         our website; or opt-in via Cyber Connection by select-                                                for your PIN. These numbers might include
    who have been enrolled in the Courtesy Pay overdraft   ing “Other Options,” then “Overdraft Options” and                                                     your address, your date of birth or a simple
    protection program and use an ATM or VISA® Check       following the on-screen prompts.                                                                      sequence.
    Card. Members who wish to continue to utilize the
                                                           DCECU’s Courtesy Pay program is designed for your                                                 4 Periodically change your PIN – and immediately
    Courtesy Pay program must take action.
                                                           protection and convenience. DCECU understands ac-                                                     change it if you think it has been compromised.
    To obtain uninterrupted Courtesy Pay service on your   counts occasionally are overdrawn due to inadvertent
    checking account, you must opt-in to the program.      oversights or emergency situations. The Courtesy Pay                                              5 Regularly check your
    Otherwise, starting August 14, DCECU will no longer    program, offered to qualified members, can help you                                                   account balance and
    be able to authorize ATM/Point-of-Sale and everyday    avoid declined transactions and returned check fees.                                                  statements and report
    debit card transactions on an overdrawn account.                                                                                                             discrepancies to
                                                           To learn more about our Courtesy Pay program, call                                                    DCECU immediately.
    If you want your account to stay protected from
                                                           the Member Contact Center at (989) 835-7794 or
                                                           (800) 835-7794.
                                                                                                                                                                                                                                   3

                                                                                                                                                                                         mobile home loans

Creating space
                                                                                                                               in mobile homes
Although mobile homes typically have smaller rooms,                                                 8 Choose dual-purpose furniture, such as a futon.
there are many ways to create the illusion of space.
                                                                                                    9 Use bookshelves creatively, from showcasing
Here are 10 tricks for opening up and brightening the
                                                                                                           figurines in an open space to storing canned
interior of a mobile home:
                                                                                                           goods in the pantry.
 1 Since darkness makes rooms appear smaller,                                                      10 Place brightly colored curtains and
        light it up with several lamps and lighting fixtures.
                                                                                                           custom blinds on the windows.
 2 Paint walls in light colors to help spaces appear                                               To get pre-approved financing for a
        more open.                                                                                 Mobile Home Loan* from DCECU,
                                                                                                   call our Consumer Loan Department
 3 Use stylish trunks as coffee tables, storing spare                                              at (989) 835-7794 or (800)
        blankets and other items within them.                                                      835-7794 or apply online at
                                                                                                   www.dcecu.org.
 4 Display visually interesting decorations.
                                                                                                   *The mobile home must be your permanent residence and locat-
 5 Place a large mirror on a wall.                                                                 ed in a licensed mobile home park in Michigan. DCECU will finance
                                                                                                   up to 80 percent of the selling price or appraised value, whichever is
                                                                                                   less, for qualified borrowers. Certain restrictions may apply.
 6 Select tables with clear glass tops.
 7 Paint cabinets and cupboards in rich colors, such
        as a smoldering red or a radiant green, to create
        an interesting contrast.




 A     M E S S A G E            F R O M



                                                                                                                                                                                         trustworthy advice
Choosing beneficiaries wisely
When you join an employer’s retirement plan or open                                                    Considering the children                                             Chad A. Eyre and Steve Benzing, ChFC® are
an IRA, you are asked to designate a beneficiary to                                                    You also should designate at least one contingent                    Financial Advisors with the MEMBERS Financial
receive the proceeds at your death. Unfortunately,                                                     beneficiary in case your primary beneficiary prede-                  Services program located at Dow Chemical
many people give little thought to this decision. It’s                                                 ceases you or dies before all the benefits are                       Employees’ Credit Union. If you have any questions
important to remember that the beneficiary you name                                                    distributed. Children are a frequent choice for                      or would like to provide feedback regarding the
can make a big difference in how the benefits will be                                                  contingent beneficiary.                                              information presented in this article, you may
distributed and how much the people you care about                                                                                                                          contact Chad and Steve at (989) 835-7794,
will receive.                                                                                          Reviewing beneficiaries                                              ext. 4572.
                                                                                                       While making the initial beneficiary designations is
                                                                                                                                                                            Representative is not a tax advisor or legal expert.
Don’t use your will                                                                                    important, you also must review these decisions
                                                                                                                                                                            For information regarding specific tax situations,
If you don’t name a beneficiary, insurance proceeds                                                    whenever you have a significant change in your
                                                                                                                                                                            please contact a tax professional. For legal advice,
and retirement benefits will be paid to your estate to                                                 life. Here are some reasons to review your
                                                                                                                                                                            consult an attorney.
be distributed under your will. Your family won’t be                                                   beneficiaries:
able to receive the assets until your estate is probated,                                              • You’ve married or divorced.
which could take months or even years.                                                                 • Your beneficiary has died.
                                                                                                       • A new child or grandchild has been
Naming your spouse                                                                                       added to your family.
Naming a spouse as beneficiary for retirement assets
provides the greatest planning flexibility. If you have                                                Take time to make the wise choice                                         sTeve benZinG,     chaD a. eyre
not yet begun receiving minimum required distribu-                                                     When you are filling out your
                                                                                                                                                                                 chfc®                  financial
                                                                                                                                                                                                          aDvisor

tions, your spouse can begin taking distributions based                                                retirement plan or IRA
on his or her life expectancy immediately, even if he                                                  paperwork, it’s easy to
or she is younger than age 59½, without the 10% tax                                                    skim over the beneficia-
penalty. A spouse also has the option of rolling over                                                  ries section. But, these
the assets into his or her own IRA.                                                                    are important decisions
                                                                                                       not to be taken lightly.
Content developed by CUNA Brokerage Services, provided by Chad A. Eyre and Steve Benzing, ChFC®
Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI),
member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-
6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value
and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through
the financial services program, to make securities available to members. FR040818-993F
                                                                                                                                                                                                                                                  0
4

        dealer spotlight

       Graff Motor                                                                                                                                                                     FINANCIAL HIGHLIGHTS
                                                                                                                                                                                       as of June 30, 2010


       Sales                                                                                                                                                                           Assets .........................$1,355,241,247.67
                                                                                                                                                                                       Shares/Deposits........$1,142,246,382.97
                                                                                                                                                                                       Loans.............................$472,837,680.63
       Graff Motor Sales, located at 1100 W. Cedar Ave. in                                                                                                                             Equity.............................$156,977,831.13
                                                                        operating at peak performance. He can help you,                                                                Members.........................................55,271
       Gladwin, is a community-oriented auto dealership
                                                                        whether you need a part, major repair or accessory.
       that has been family-owned for more than 20 years.
       The dealership offers new Chevrolet, Chrysler, Dodge             Obtain DCECU financing for your next vehicle on-site.
       and Jeep vehicles, as well as quality pre-owned                  Lisa Adams can take care of your loan application                                             aaa
       vehicles.                                                        and all the paperwork.                                                                        announces
       With 25 years’ experience, Nick Vlassis, general sales           Learn more about Graff Motor Sales of Gladwin                                                 Tv winner
       manager, can answer your questions and help make                 by calling (989) 426-9292 or visiting www.
       sure your next vehicle meets your driving needs.                 graffgladwinchevrolet.com. The dealership is open                                             DCECU member Gordon Engdahl was
       Service Manager Jeff Vande Guchte has more than                  from 8:30 a.m. to 6:00 p.m. Monday through Friday                                             drawn as the winner of AAA’s 30-inch flat
       10 years of experience in keeping vehicles                       and 9:00 a.m. to 2:00 p.m. Saturday.                                                          screen Sony Bravia® television giveaway.
                                                                                                                                                                      AAA offers discounted memberships and
                                                                                                                                                                      auto and homeowner insurance to DCECU
        member news                                                                                                                                                   members. To learn more about AAA, visit
                                                                                                                                                                      www.aaa.com.

       DCECU steers members to
       great auto loan deals                                                                                                                                          win a
                                                                                                                                                                       SWEET
       Two opTions To help you save


                                                                                                                                                                       RIDE
       Are you looking to buy a new or pre-owned vehicle?              Best Rate Auto Loan: DCECU’s new Best Rate Auto
       If so, DCECU offers two auto loan options to help put           Loan offers rates as low as 4.00%APR**. Although this
       you on the road to savings.                                     loan does not qualify for the potential year-end Loan
                                                                       Interest Rebate, you receive the benefit of DCECU’s                                             For a $5.00 contribution to support
       Rebate-eligible auto loan: With DCECU’s low financ-
                                                                       lowest available auto loan interest rate and our “cut                                           Michigan Credit Unions’ political action
       ing rates and flexible terms, you can save hundreds
                                                                       above” service.                                                                                 efforts, you could be the winner of:
       of dollars – and the potential year-end Loan Interest
       Rebate can save you even more. Additionally, you can            To learn more about or to apply for our auto loans, stop                                        $20,000.00 TowarD The price of a

       finance up to 100% of the purchase price.* Often,               by our office, call our Loan Department at (989) 835-                                           2010 chevy
       no down payment is required*, and you can buy with              7794 or (800) 835-7794 or visit www.dcecu.org. You                                              silveraDo or
       confidence knowing there are no application or                  can also apply at any of our participating dealerships.                                         $20,000.00 cash!
       processing fees, as well as no pre-payment penalty.             *For qualified borrowers.
                                                                       **APR = Annual Percentage Rate.




       DCECU helps protect
       your identity
                                                                                                                                                                        You must be a credit union member 18 years of age or older to enter.
       According to Javelin Strategy and Research, one in              It only takes a few minutes to shred documents                                                   Contributions to MCULLAF are not considered charitable contributions or
                                                                                                                                                                        business expenses for income tax purposes. Contributions are voluntary
       10 people has been a victim of identity theft.                  containing your personal information, while it can take                                          and there shall be no reprisal for those who decide not to contribute.
                                                                                                                                                                        Need not be present to win. Prize must be claimed within 60 days. No
                                                                       up to 5,840 hours to correct the damage from identity
       DCECU encourages its members to deposit docu-                                                                                                                    refunds on ticket purchases.
                                                                       theft (ITRC Aftermath Study, 2004). That is the equiva-                                          IF WINNER CHOOSES TRUCK, WINNER WILL BE RESPONSIBLE FOR
       ments containing confidential information in the                                                                                                                 PAYING ALL TAXES, TRANSFER AND LICENSE FEES.
                                                                       lent of working a full-time job for two years.
       shred bins located in the credit union lobby. Shred-                                                                                                             The State of Michigan Bureau of State Lottery Charitable
                                                                                                                                                                        Gaming Division has issued License Number R06528 to
       ding sensitive documents, such as statements and                To learn more, stop by DCECU, call (989) 835-7794 or                                             MCULLAF to conduct this raffle at 9:00 a.m. on
                                                                                                                                                                        Monday, November 8, 2010.
       bills, can help thwart attempts at identity theft.              (800) 835-7794 or visit www.dcecu.org.
       The DCECU shred bins are managed by a secure
       company that removes the documents biweekly.




THE LEADING
                   edge                         DOW CHEMICAL EMPLOYEES’
                                                CREDIT UNION
                                                600 E. Lyon Road
                                                Midland, MI 48640
                                                                                        TELEPHONE
                                                                                        (989) 835-7794 • (800) 835-7794
                                                                                        FAX DIRECTORY
                                                                                        Accounting & ATM .. (989) 832-4883
                                                                                                                                     BOARD OF DIRECTORS
                                                                                                                                     Perry Holmon ................... Chairperson
                                                                                                                                     Bob Kasprzyk ............Vice-Chairperson
                                                                                                                                     Duncan A. Stuart ..Secretary/Treasurer
                                                                                                                                                                                              PRESIDENT/CEO
                                                                                                                                                                                              Dennis M. Hanson
                                                                                                                                                                                              VICE-PRESIDENT, OPERATIONS
                                                                                                                                                                                              Christopher Estes
    is a monthly publication for members of     MAILING ADDRESS                         Account Services .... (989) 832-9290         Mark Fenske ...........................Director          VICE-PRESIDENT, FINANCE
     Dow Chemical Employees’ Credit Union       P.O. Box 1649                           Consumer Loans ..... (989) 832-2622          Michael Kapp .........................Director           Barbara Junga
                                                Midland, MI 48641-1649                  Human Resources... (989) 832-4844            Donald Marcy .........................Director           VICE-PRESIDENT, LENDING
                  EDITOR                        BUSINESS HOURS                          Indirect Loans ......... (989) 832-9271      Lisa McKenney........................Director            Ken Roznowski
            Barbara Ostroski-Enos               Monday - Friday                         Mortgages............... (989) 832-2021      William Weideman ..................Director
                                                7:30 a.m. - 5:30 p.m. ET                Member Contact                               SUPERVISORY COMMITTEE
          MISSION STATEMENT
                                                Saturday (Drive-Thru only)              Center (Main) ......... (989) 832-9283       Mark W. Gandy ................ Chairperson
    We are a principles-based financial                                                                                              Greg Grocholski ..................... Member
                                                9:00 a.m. - 1:00 p.m. ET                Student Loans ........ (989) 832-9293
cooperative committed to exceptional service,                                                                                        Michael V. Pisarczyk............... Member
                                                MEMBER CONTACT                          VISA® ..................... (989) 832-9295
      convenience, value and security.          CENTER HOURS                            WEB SITE ADDRESS                             CREDIT COMMITTEE
                                                Monday - Friday                         www.dcecu.org                                Beth Allsop ...................... Chairperson
                                                7:00 a.m. - 6:00 p.m. ET                                                             Judith W. Holycross................ Member
                                                                                                                                     Mark Larsen ........................... Member
                                                                                                                                     Kathy Jo Nogaski ................... Member

				
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