Financial Plus Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 4.15% | Reward Checking | 1.74% - National Average |
| 3.10% | 5-year CD | 3.00% - Discover Bank 5 Year CD |
| 2.25% | 1-year CD | 2.65% - Discover Bank 12 Month CD |
Financial Plus Credit Union is headquartered in Flint and is the 25th largest credit union in the state of Michigan. It is also the 527th largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 174 employees and 56,149 members at 7 locations. Financial Plus Credit Union's CD rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Financial Plus Credit Union is open to those who live, work, attend school or worship in Alcona, Alpena, Antrim, Arenac, Bay, Benzie, Charlevoix, Cheboygan, Clare, Crawford, Emmet, Genesee, Gladwin, Grand Traverse, Gratiot, Ingham, Iosco, Isabella, Kalkaska, Lapeer, Leelanau, Livingston, Macomb, Midland, Montmorency, Oakland, Ogemaw, Oscoda, Otsego, Presque Isle, Roscommon, Saginaw, Shiawassee, or Tuscola counties of Michigan.
See current membership details
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Hometown feel with global access.
I have banked with FPCU for over 34 years. I have financed 3 cars, 4 homes and purchased investment products through them. They don't charge ridiculous fees every time I sneeze. They are always available to speak with me when needed. I don't have to spend an hour pushing buttons to get to a live body. My checks are free (not that I use them much) and my ATM transactions are free. I can move money easily between accounts with the mobile app. My only complaint would be the mobile app is not as robust as the other credit union that I have an account with. It is a new to them and I think more functionality is coming.
They worked with me when I lost my home in a flood and again last September when my family and I evacuated our home due to hurricane Irma. Wait times are reasonable and so much shorter than big global banks. I opened an account at Citibank several years ago and it was a nightmare compared to FPCU. I just can't imagine closing my accounts with FPCU.
They always knew my name
This credit union used to be called "EdCo Credit Union" and they merged with Financial Plus, but before they merged, I was a client at EdCo and used to have both a checking and savings there. What I really liked is that they knew my name when I walked in, and I honestly only went there about twice a month. This was before I was using direct deposit or really any ATMs, so I would go there to deposit my paycheck and they'd welcome me by my name as soon as I walked in the door. I really liked the personal service and their rates were really competitive. I only switched to a bigger bank because of convenience.
Mobile Deposit/Banking
I started this account in June with the purchase of my new car. At the time I was filling out the TONS of paperwork I was told that mobile banking was on its way. Finally it is up and running HOWEVER they "forgot" to tell me that I would have to me a member for six months OR have a direct deposit set up. Mind you they told me this today 12-20-2016 NOT when they were "selling me" on the mobile app. I work at a small business that does not have direct deposit. I live in Vassar Michigan 20+ miles from a actual location and told them from the start that mobile deposit was important to me. After talking to two different people they are unwilling to remedy the situation. Unprofessional and very disappointing. I will be doing all I can to move my business to another CU or Bank.
Hard Stuff
This Credit Union is the hardest to deal with. Obtaining information is like pulling teeth. To set up an online account is nearly impossible (you must come into there office in Flint to do it). That is just ridiculous in this day and age! I will be paying them off very soon but I would never do business with again nor would I recommend others to them.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68646 |
| Year Chartered | 1952 |
| Employees | 174 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 4.24% |
| Annual Interest Income | $20.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $536.8MM$520.5MM |
| Loans | Q4 2018vs Q4 2017 | $370.7MM$379.0MM |
| Deposits | Q4 2018vs Q4 2017 | $459.6MM$443.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $73.4MM$71.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $5.4MM$5.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $6.1MM$5.6MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$35.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Elite Checking, 4.15% APY Up To $10,000
Minimum direct deposit into Elite Checking account of $2,500 per month.
Minimum of 15 debit card purchase transactions per month.
Must be enrolled in Online Banking, e-Statements, and e-Notices.
Membership is open to residents of 34 Michigan counties.
Always verify rates and promotions with the bank or credit union. We are not Financial Plus Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Financial Plus Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10% | - | - | IRA Savings | ||
| 0.10% | - | - | Coverdell Education Savings Account | ||
| 0.05%* | $1.5k* | - | Regular Share | ||
| OTHER TIERS: 0.01% → Up to $1.5k | |||||
| 0.05% | - | - | Christmas Club Savings | ||
| 0.05%* | $1.5k* | - | Misc. Share | ||
| OTHER TIERS: 0.01% → Up to $1.5k | |||||
Financial Plus Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.60%* | $500k* | - | Hi-Yield Plus Money Market | ||
| OTHER TIERS: 0.05% → Up to $1.5k | 0.25% → $1.5k - $50k | 0.35% → $50k - $100k | 0.40% → $100k - $200k | 0.45% → $200k - $300k | 0.50% → $300k - $400k | 0.55% → $400k - $500k | |||||
| 0.60%* | $500k* | - | IRA Money Market Account | ||
| OTHER TIERS: 0.20% → $1.5k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k | 0.40% → $100k - $200k | 0.45% → $200k - $300k | 0.50% → $300k - $400k | 0.55% → $400k - $500k | |||||
| 0.35%* | $50k* | - | Hi-Yield Money Market Account | ||
| OTHER TIERS: 0.20% → $1.5k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | |||||
Financial Plus Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 4.15%* | - | $10k | Elite Checking Account | ||
| OTHER TIERS: 0.25% → $10k+ | |||||
| 0.20%* | $10k* | - | Tiered-Rate Checking | ||
| OTHER TIERS: 0.10% → $1k - $5k | 0.15% → $5k - $10k | |||||
| 0.20% | $15k | - | High-Rate Checking | ||
| 0.20%* | $10k* | - | Premier Business Checking | ||
| OTHER TIERS: 0.05% → $1.5k - $10k | |||||
| 0.15% | $500 | - | E-Checking | ||
| 0.15% | $500 | - | myCollege Checking | ||
Financial Plus Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.10% | $500 | - | 60 Month CD | |
| 2.75% | $500 | - | 48 Month CD | |
| 2.65% | $500 | - | 42 Month CD | |
| 2.60% | $500 | - | 36 Month CD | |
| 2.40% | $500 | - | 24 Month CD | |
| 2.40% | $500 | - | 30 Month CD | |
| 2.40% | $300 | - | 24 Month Start 'N Grow Relationship CD | |
| 2.35% | $500 | - | 18 Month Founders Club CD | |
| 2.35% | $500 | - | 18 Month Benefits Plus CD | |
| 2.30% | $500 | - | 18 Month CD | |
| 2.25% | $500 | - | 12 Month CD | |
| 1.75% | $500 | - | 6 Month CD | |
| 1.00% | $10k | - | 90-179 Day CD | |
| 0.90% | $10k | - | 30-89 Day CD |
Financial Plus Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.10% | $500 | - | 60 Month IRA | |
| 2.75% | $500 | - | 48 Month IRA | |
| 2.65% | $500 | - | 42 Month IRA | |
| 2.60% | $500 | - | 36 Month IRA | |
| 2.40% | $500 | - | 24 Month IRA | |
| 2.40% | $300 | - | 24 Month Start 'N Grow Relationship IRA | |
| 2.40% | $500 | - | 30 Month IRA | |
| 2.35% | $500 | - | 18 Month Founders Club IRA | |
| 2.35% | $500 | - | 18 Month Benefits Plus IRA | |
| 2.30% | $500 | - | 18 Month IRA | |
| 2.25% | $500 | - | 12 Month IRA | |
| 1.75% | $500 | - | 6 Month IRA |
| Financial Plus Credit Union Locations | ||
|---|---|---|
| Branch Office | 7048 Miller Rd | Swartz Creek, MI 48473 |
| Branch Office | 8250 S Saginaw St | Grand Blanc, MI 48439-1828 |
| Branch Office | 15125 Silver Pkwy | Fenton, MI 48430-3460 |
| Branch Office | 5256 Corunna Rd | Flint, MI 48532-4107 |
| Branch Office | G3381 Van Slyke Rd | Flint, MI 48507-3263 |
| Branch Office | 4686 Fashion Square Blvd | Saginaw, MI 48604 |
| Branch Office | 5990 E Grand River Ave | Howell, MI 48843-9167 |