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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Dow Credit Union

Dow Credit Union

Fiscal year ending 2023. Filed on September 23, 2024.

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 2023 IRS Form 990 filing, Dow Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 16 out of 210 total employees. Among the employees shown here, the average compensation is $270,423. The highest compensated employee at Dow Credit Union is Michael Goad with fiscal year 2023 compensation of $752,315. Dow Credit Union changed its name from Dow Chemical Employees' Credit Union in 2021.

Revenue, expenses, and employee compensation

Revenue

$89,429,197

Expenses

$88,565,249

Employee compensation

$16,790,396
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Goad
Chief Executive Officer
$752,315
$701,683 No related comp$50,632
Arthur Peters
Chief Operating Officer
$459,378
$439,036 No related comp$20,342
Mark Gandy
Vice President Risk/Compliance
$368,139
$338,324 No related comp$29,815
Sanjay Ahluwalia
Chief Financial Officer
$344,823
$302,681 No related comp$42,142
Sheila Wright
Vice President, Human Resources
$325,462
$288,370 No related comp$37,092
Elton Brooks
Vice President, Retail
$320,603
$290,918 No related comp$29,685
John Costello
Vice President, Lending
$251,181
$233,215 No related comp$17,966
Lisa Gray
Director of RISK and Regulatory Affairs
$197,867
$168,700 No related comp$29,167
Norman M Zureich
Information Technology Director
$189,874
$168,518 No related comp$21,356
Alison Taylor
Controller
$187,436
$155,214 No related comp$32,222
Lashanta Green
Director of Marketing and Community Relations
$169,908
$150,963 No related comp$18,945
Angie Hillier
Mortgage Operations Manage
$160,913
$131,281 No related comp$29,632

Benchmark Employee Compensation

Non-Employee Board Members

Gary McGuire
Board Member
Lisa Bryant
Board Member
Lisa McKenney
Board Vice Chair
Mark Bachman
Board Member
Mark Fenske
Board Member
Mike Kapp
Board Member
Perry Holmon
Board Chair
Shandell Massey
Secretary and Treasurer

Contractors

Jack Henry & Associates
Core Operating System Provider
$1,982,633
Amplifi Loyalty Solutions LLC
Credit Card Rewards Program
$1,199,795
Salesforce Com Inc.
Software Provider
$640,333
Insight Direct USA Inc.
Tech Hardware and Software
$490,017
Employer Management Solutions Inc.
Software Professional
$436,650

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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