Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
800-221-8880
580 N Main St
Frankenmuth, MI 48734

Frankenmuth Credit Union is headquartered in Frankenmuth and is the 38th largest credit union in the state of Michigan. It is also the 687th largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 115 employees and 27,864 members. Frankenmuth Credit Union's savings rates are 2X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships or is educated in Saginaw, Tuscola, Bay or Genesee Counties. If you are a relative of a present Frankenmuth Credit Union member, you are also qualified to join FCU. - See Details

Related Posts



Reviews (1)

I Love Frankenmuth Credit Union

I've never had an account at a financial institution where I get the kind of service that I get when I'm at Frankenmuth. They are the best!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Frankenmuth Credit Union had $3.79 million in non-current loans and owned real-estate with $35.83 million in equity and loan loss allowances on hand to cover it. This gives Frankenmuth Credit Union a Texas Ratio of 10.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Frankenmuth Credit Union experienced no significant changes from 11.33% as of March 31, 2013 to 10.58% as of March 31, 2014, resulting in a positive change of 6.60%.This indicates that the balance sheet and financial strength for Frankenmuth Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Frankenmuth Credit Union has increased its total deposits by $27.41 million, resulting in 11.6% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Frankenmuth Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Frankenmuth Credit Union has $306.42 million in assets with $35.83 million in equity, resulting in a capitalization level of 11.69%, which is excellent.

Institution Statistics

Overall
NCUA #61755
Year Chartered1964
Employees115
Primary Regulator
Assets and Liabilities
Assets$306.43 million
Loans$246.37 million
Deposits$263.66 million
Equity Capital$33.80 million
Loan Loss Allowance$2.04 million
Unbacked Noncurrent Loans$3.49 million
Real Estate Owned$300,000
Historic Data - March 2013
Assets$271.87 million
Equity Capital$29.08 million
Loan Loss Allowance$2.33 million
Unbacked Noncurrent Loans$3.49 million
Real Estate Owned$445,000
Profit Margin - Quarterly
Net Interest Margin1.41%
Return on Assets1.28%
Return on Equity11.61%
Interest Income$3.55 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Frankenmuth Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Frankenmuth Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.25%-$20kKasasa Saver - Qualifying
1.01%$1k-Health Savings Checking Account
0.75%$25-Systematic Traditional IRA
0.75%$25-Systematic Roth IRA
0.50%$25-Systematic Savings Account
0.50%--Systematic Youth Savings Account
0.50%$25k-Plus Savings
0.40%$100k-Growth lV Savings Relationship Account
0.40%$100k-Traditional IRA Savings
0.40%$100k-Roth IRA Savings
0.40%$100k-Coverdell ESA
0.30%$50k-Growth lll Savings Relationship Account
0.25%$100k-Business Savings
0.20%$25k-Growth ll Savings Relationship Account
0.10%$5k-Growth l Savings Account
0.02%$100-Regular Savings Account
0.02%$100-Escrow Account
0.02%$100-Christmas Club Account
0.02%$100-Birdie Account
0.01%--Kasasa Saver - Non Qualifying

Frankenmuth Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Mega Money Market Insured Account
0.10%$25k-Money Market Insured Account

Frankenmuth Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$10kKasasa Cash - Qualifying
0.20%$20k-Business 5 Star Plus Checking
0.15%$1k-Business 4 Star Plus Checking
0.10%$500-Business 3 Star Plus Checking
0.05%$250-Business 2 Star Plus Checking
0.01%--Kasasa Cash - Non Qualifying

Frankenmuth Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-37 Month CD Special
1.51%$500-21 Month CD Special
1.25%$500-5 Year CD
1.00%$500-4 Year CD
1.00%$500-13 Month CD Special
0.95%$500-3 Year CD
0.75%$500-2 Year CD
0.55%$500-18 Month CD
0.50%$500-12 Month CD
0.10%$500-9 Month CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD

Frankenmuth Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-5 Year IRA
1.00%$500-4 Year IRA
0.95%$500-3 Year IRA
0.75%$500-2 Year IRA
0.55%$500-18 Month IRA
0.50%$500-12 Month IRA
0.10%$500-9 Month IRA
0.05%$500-3 Month IRA
0.05%$500-6 Month IRA
Locations

Frankenmuth Credit Union has 15 locations. Click to view all Frankenmuth Credit Union locations.