This is the entity formerly known as Dow Chemical Employees Credit Union (DCECU), based in Michigan. There are some posts about it, using that name, on here.
I joined DCECU back around 2020, for one reason: they offered a credit card with a low, fixed APR. I think it was around 6%. I liked the idea of having that as a break-glass-in-case-of-emergency option. I don't remember details like Chex pulls. I do recall that their credit card application process was quirky. A human called me while the application was pending and asked what credit limit I wanted. Also, they told me I had to unfreeze my report on whichever bureau they wanted to pull, but they never actually did a hard pull, so I got the card with just a soft pull.
I got a $10k starting limit, and then an automatic $4k CLI some years later, despite almost zero usage on the card.
They occasionally gave out modest spend-based bonuses that motivated me to use the card for that limited purpose. I think those were worth around $25-$50 each.
Thr staff were always friendly when I called in.
The member giveback thing is real and unique. The catch is that they only give back a portion of the interest you have paid to them, on an eligible loan/credit product. So if you don't pay them any interest (e.g. you always PIF your credit card) you will not receive anything in the giveback. It's not really like an enhanced dividend. It functions as a discount on their interest rates, in an unpredictable amount. I don't know whether it is taxable.
Their website and mobile app are low-tech and limited.
When they nerfed the low-rate Visa card, my reason for being a member was gone, so I cancelled my CU membership. No regrets and no hard feelings.
