Compensation 990

Dow Credit Union

Fiscal year ending 2024. Filed on October 31, 2025.

600 E Lyon Rd
Midland, Michigan 48640

Dow Credit Union (EIN: 38-0495567) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Dow Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 218 total employees. Among the employees shown here, the average compensation is $389,289. The highest compensated employee at Dow Credit Union is Michael Goad with fiscal year 2024 compensation of $1,391,543. Dow Credit Union changed its name from Dow Chemical Employees' Credit Union in 2021.

Revenue, expenses, and employee compensation

Revenue

$117,116,968

Expenses

$110,668,603

Employee compensation

$19,255,669
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Goad
Chief Executive Officer
$1,391,543
$734,463 from orgNo related comp$657,080 other
Mark Gandy
Chief Information Officer
$465,663
$360,291 from orgNo related comp$105,372 other
Sanjay Ahluwalia
Chief Financial Officer
$462,218
$344,350 from orgNo related comp$117,868 other
Elton Brooks
Vice President of Retail and Lending
$416,326
$315,423 from orgNo related comp$100,903 other
Sheila Wright
Vice President, Human Resources
$400,935
$295,848 from orgNo related comp$105,087 other
Jeffrey Ehrlich
Lending Director
$214,520
$191,699 from orgNo related comp$22,821 other
Lisa Gray
Director of Services Governance
$212,448
$180,062 from orgNo related comp$32,386 other
Alison Taylor
Controller
$205,513
$170,307 from orgNo related comp$35,206 other
Norman M Zureich
Director of IT - PART YEAR
$192,872
$178,186 from orgNo related comp$14,686 other
Robert Samborn
IT Infrastructure Manager
$181,866
$147,856 from orgNo related comp$34,010 other
Dennis Hanson
Former Chief Executive Officer
$138,272
$138,272 from orgNo related compNo other comp

Non-Employee Board Members

Gary McGuire
Board Member
Jeremy Preston
Board Member
Lisa Bryant
Board Member
Lisa McKenney
Board Chair
Mark Bachman
Board Member
Mike Kapp
Board Member
Perry Holmom
Secretary and Treasurer
Shandell Massey
Board Vice Chair

Mission Statement

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.

Revisions to this organization profile

October 31, 2025:
2024 Dow Credit Union 990 filed
September 23, 2024:
2023 Dow Credit Union 990 filed
November 15, 2023:
2022 Dow Credit Union 990 filed

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