PO BOX 1649 U.S. POSTAGE
MIDLAND MI 48641-1649 PAID
PERMIT NO. 269
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!
Use home equity to eservices –
buy the things you fasT, safe,
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
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†
Keep overdraft sTay safe…
protection on your Five tips for managing your ATM use
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
mobile home loans
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
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
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
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
Graff Motor FINANCIAL HIGHLIGHTS
as of June 30, 2010
Sales Assets .........................$1,355,241,247.67
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
DCECU steers members to
great auto loan deals win a
Two opTions To help you save
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
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.
edge DOW CHEMICAL EMPLOYEES’
600 E. Lyon Road
Midland, MI 48640
(989) 835-7794 • (800) 835-7794
Accounting & ATM .. (989) 832-4883
BOARD OF DIRECTORS
Perry Holmon ................... Chairperson
Bob Kasprzyk ............Vice-Chairperson
Duncan A. Stuart ..Secretary/Treasurer
Dennis M. Hanson
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
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