In one aspect, the invention is directed to a decoupler assembly for between an endless drive element and a shaft. The endless drive element may be, for example, an accessory drive belt from a vehicular engine. The shaft may be, for example, the input shaft of a belt-driven accessory, such as an alternator or a compressor. The decoupler assembly includes a hub that mounts to the shaft, a pulley that is rotatable with respect to the hub, a dampening spring and a clutch member. A part of the pulley is supported on a pulley support surface on the hub. There is a gap between the pulley and the pulley support surface. The gap has lubricant therein to facilitate sliding between the pulley and the pulley support surface. By eliminating the use of a polymeric bushing between pulley and the hub, there are several advantages that are provided.