Financial Plus Credit Union

Overview / Commentary
G-3381 Van Slyke Rd
Flint, MI 48507

Financial Plus Credit Union is headquartered in Flint and is the 20th largest credit union in the state of Michigan. It is also the 358th largest credit union in the nation. It was established in 1952 and as of September of 2023, it had grown to 256 employees and 82,014 members at 11 locations. Financial Plus Credit Union's CD rates are 4X 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, worship, or attend school anywhere in the State of Michigan.
See current membership details

Reviews (4)

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

Posted by: |

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

Posted by: |

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.


Health Grade Components

NCUA #68646
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.44%
Annual Interest Income$42MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.27B$1.24B
LoansQ3 2023vs Q3 2022$907.4MM$820.8MM
DepositsQ3 2023vs Q3 2022$1.06B$1.07B
Equity CapitalQ3 2023vs Q3 2022$131.2MM$127.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$9.6MM$4.7MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$5.1MM$4MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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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

0.10%--IRA Savings
0.10%--Coverdell Education Savings Account
0.05%--Regular Share
0.05%--Christmas Club Savings
0.05%--Misc. Share
0.05%--Business Share

Financial Plus Credit Union Money Market Rates

1.00%*$50k*-Hi-Yield Plus Money Market
OTHER TIERS: 0.40% $1.5k - $15k | 0.60% $15k - $25k | 0.80% $25k - $50k
1.00%*$50k*-Business Hi-Yield Plus Money Market
OTHER TIERS: 0.40% $1.5k - $15k | 0.60% $15k - $25k | 0.80% $25k - $50k

Financial Plus Credit Union Checking Account Rates

4.15%*-$10kGo-To Checking
OTHER TIERS: 0.05% $10k+
0.20%*$10k*-Premier Business Checking
OTHER TIERS: 0.05% $1.5k - $10k

Financial Plus Credit Union CD Rates

3.90%$500-12 Month CD
3.90%$500-Business 12 Month CD
3.50%$500-18 Month CD
3.50%$500-Business 18 Month CD
3.40%$500-24 Month CD
3.40%$500-Business 24 Month CD
3.30%$500-30 Month CD
3.30%$500-36 Month CD
3.30%$500-42 Month CD
3.30%$500-48 Month CD
3.30%$500-60 Month CD
3.30%$500-Business 30 Month CD
3.30%$500-Business 36 Month CD
3.30%$500-Business 42 Month CD
3.30%$500-Business 48 Month CD
3.30%$500-Business 60 Month CD
1.00%$500-6 Month CD
1.00%$500-Business 6 Month CD
0.20%$10k-30-89 Day CD
0.20%$10k-90-179 Day CD
0.20%$10k-Business 30-89 Day CD
0.20%$10k-Business 90-179 Day CD

Financial Plus Credit Union IRA Rates

3.90%$500-12 Month IRA
3.50%$500-18 Month IRA
3.40%$500-24 Month IRA
3.30%$500-30 Month IRA
3.30%$500-36 Month IRA
3.30%$500-42 Month IRA
3.30%$500-48 Month IRA
3.30%$500-60 Month IRA
1.00%$500-6 Month IRA


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