Frankenmuth Credit Union is headquartered in Frankenmuth and is the 23rd largest credit union in the state of Michigan. It is also the 443rd largest credit union in the nation. It was established in 1964 and as of June of 2019, it had grown to 266 employees and 48,339 members at 26 locations. Frankenmuth Credit Union's CD rates are 2X the national average, and it has a B+ health rating.
Membership in Frankenmuth Credit Union is open to anyone who lives, works, worships, or attends school anywhere in the state of Michigan.
See current membership details
I've been with Frankenmuth Credit Union for a little over 10 years and I'd recommend them to anyone. Great interest rates on checking accounts and great loan products. I've only had problems with one encounter over the time I've been there, which I consider pretty good.
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!
Overall | |
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NCUA # | 61755 |
Year Chartered | 1964 |
Employees | 266 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.2% |
Return on Equity - YTD | 2.02% |
Annual Interest Income | $16.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2019vs Q2 2018 | $699.4MM$621.0MM |
Loans | Q2 2019vs Q2 2018 | $573.2MM$499.9MM |
Deposits | Q2 2019vs Q2 2018 | $595.3MM$519.1MM |
Equity Capital | Q2 2019vs Q2 2018 | $67.2MM$63.5MM |
Loan Loss Allowance | Q2 2019vs Q2 2018 | $7.6MM$5.7MM |
Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $7.7MM$8.7MM |
Real Estate Owned | Q2 2019vs Q2 2018 | $980.00K$380.00K |
Always verify rates and promotions with the bank or credit union. We are not Frankenmuth 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.45%* | $25k* | - | Money Market Insured Account | ||
OTHER TIERS: 0.20% → $1k - $25k | |||||
0.20%* | $100k* | - | Mega Money Market Insured Account | ||
OTHER TIERS: 0.10% → $10k - $100k |