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Filing year 2024

DOW CREDIT UNION

Midland, Michigan·EIN 38-0495567·501(c)(14)
Total revenue
$117.1M
Total assets
$2.4B
Total expenses
$110.7M
Reported officers
19
Mission

DOW CREDIT UNION IS A PRINCIPLES-BASED FINANCIAL COOPERATIVE COMMITTED TO EXCEPTIONAL SERVICE, CONVENIENCE, VALUE AND SECURITY OPERATING IN ACCORDANCE WITH THE MICHIGAN CREDIT UNION ACT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chief Executive Officer
Above 90th percentile
$1.4M
$1.5M
Base
$561k
Bonus
$170k
Other
$3k
Benefits
$19k
Chief Information Officer
Above 90th percentile
$466k
$501k
Base
$293k
Bonus
$64k
Other
$3k
Benefits
$2k
Chief Financial Officer
Above 90th percentile
$462k
$497k
Base
$284k
Bonus
$60k
Other
$420
Benefits
$20k
VP of Retail and Lending
Board Vice President
Above 90th percentile
$416k
$448k
Base
$256k
Bonus
$59k
Other
$420
Benefits
$8k
VP of Human Resources
Board Vice President
Above 90th percentile
$401k
$431k
Base
$239k
Bonus
$56k
Other
$966
Benefits
$17k
Director of Lending
Highest Compensated Employee
Median to 75th percentile
$215k
$231k
Base
$166k
Bonus
$24k
Other
$2k
Benefits
$16k
Director of Services Governance
Highest Compensated Employee
Median to 75th percentile
$212k
$229k
Base
$158k
Bonus
$21k
Other
$1k
Benefits
$17k
Controller
75th to 90th percentile
$206k
$221k
Base
$148k
Bonus
$22k
Other
$727
Benefits
$20k
Director of IT - Part Year
Chief Information Officer
Median to 75th percentile
$193k
$207k
Base
$103k
Bonus
$14k
Other
$61k
Benefits
$4k
IT Infrastructure Manager
IT Manager
Median to 75th percentile
$182k
$196k
Base
$129k
Bonus
$18k
Other
$272
Benefits
$21k
Former CEO
Former Officer/director/trustee
Median to 75th percentile
$138k
$149k
Base
Bonus
Other
$138k
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Up 85%
from 2023

From $752k in 2023 to $1.4M in 2024.

$752k
2023
$1.4M
2024
In today's dollarsEst.
Up 80% in real terms$831k to $1.5M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 85% from 2023 to 2024, while revenue rose 31%.

$752k in 2023 to $1.4M in 2024.
  • Chief Information Officer pay rose 145% from 2023 to 2024.
  • Chief Financial Officer pay rose 34% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

DOW CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$89.4M
$88.6M
2023
$117.1M
$110.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about DOW CREDIT UNION

What does the Chief Executive Officer of DOW CREDIT UNION earn?

In 2024, the Chief Executive Officer of DOW CREDIT UNION received $1,391,543 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at DOW CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at DOW CREDIT UNION falls in the top 10%.

What are DOW CREDIT UNION's revenue and expenses?

In 2024, DOW CREDIT UNION reported $117.1M in total revenue and $110.7M in total expenses on its IRS Form 990.

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