Frankenmuth Credit Union is headquartered in Frankenmuth and is the 22nd largest credit union in the state of Michigan. It is also the 452nd largest credit union in the nation. It was established in 1964 and as of December of 2018, it had grown to 240 employees and 45,727 members at 26 locations. Frankenmuth Credit Union 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.
|Return on Assets - YTD||0.98%|
|Return on Equity - YTD||9.5%|
|Annual Interest Income||$29.6MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$652.0MM$567.1MM|
|Loans||Q4 2018vs Q4 2017||$535.2MM$464.7MM|
|Deposits||Q4 2018vs Q4 2017||$547.1MM$475.4MM|
|Equity Capital||Q4 2018vs Q4 2017||$66.5MM$60.1MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$7.2MM$4.8MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$9.2MM$7.1MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$758.00K$413.00K|
Rates for Frankenmuth Credit Union are currently being reviewed.