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Frankenmuth Credit Union


Overview / Commentary
www.frankenmuthcu.org
989-497-1600
580 N Main St
Frankenmuth, MI 48734

Frankenmuth Credit Union is headquartered in Frankenmuth and is the 22nd largest credit union in the state of Michigan. It is also the 410th largest credit union in the nation. It was established in 1964 and as of June of 2020, it had grown to 277 employees and 52,400 members at 29 locations. Frankenmuth Credit Union has an A health rating.

Field of Membership Restrictions

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

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Reviews (2)

Wonderful Place To Do Business

Posted by: |

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.

3

I Love Frankenmuth Credit Union

Posted by: |

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!

2


Health
A

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #61755
Year Chartered1964
Employees277
Primary Regulator
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD12.85%
Annual Interest Income$17.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$865.2MM$699.4MM
LoansQ2 2020vs Q2 2019$626.5MM$573.2MM
DepositsQ2 2020vs Q2 2019$754.3MM$595.3MM
Equity CapitalQ2 2020vs Q2 2019$73.9MM$67.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$9.0MM$7.6MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.1MM$7.7MM
Real Estate OwnedQ2 2020vs Q2 2019$722.00K$980.00K
Rates
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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.

Frankenmuth Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$100kKasasa Saver
OTHER TIERS: 0.15% → $100k+
0.80%*$1k*-Health Savings Checking Account
OTHER TIERS: 0.40% → Up to $1k
0.75%$25-Systematic Traditional IRA
0.75%$25-Systematic Roth IRA
0.50%$25-Systematic Savings
0.50%$10-Youth Systematic Savings
0.45%*$100*$10kWealth Builder Savings
OTHER TIERS: 0.05% → $100k+ | 0.15% → $50k - $100k | 0.35% → $10k - $50k
0.45%*$1k*$100kBusiness Wealth Builder Savings
OTHER TIERS: 0.05% → $500k+ | 0.15% → $300k - $500k | 0.35% → $250k - $300k
0.40%*$100k*-IRA Savings
OTHER TIERS: 0.10% → Up to $10k | 0.20% → $10k - $25k | 0.30% → $25k - $100k
0.35%$100k-IV Growth Savings
0.30%*$25k*-Plus Savings
OTHER TIERS: 0.10% → $500 - $25k
0.25%$50k-III Growth Savings
0.25%*$100k*-Business Savings
OTHER TIERS: 0.10% → $5 - $10k | 0.15% → $10k - $100k
0.15%$25k-II Growth Savings
0.05%$5k-I Growth Savings
0.02%$100-Regular Savings
0.02%$100-Escrow Account
0.02%$100-Christmas Club
0.02%$100-Birdie B Good
0.02%$100-Vacation Club

Frankenmuth Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Money Market Insured Account
OTHER TIERS: 0.10% → $1k - $25k
0.20%*$100k*-Mega Money Market Insured Account
OTHER TIERS: 0.10% → $10k - $100k

Frankenmuth Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$15kKasasa Cash
OTHER TIERS: 0.15% → $15k+
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

Frankenmuth Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$250k*-5 Year CD
OTHER TIERS: 1.05% → $500 - $100k | 1.10% → $100k - $150k | 1.15% → $150k - $250k
1.15%*$250k*-4 Year CD
OTHER TIERS: 1.00% → $500 - $100k | 1.05% → $100k - $150k | 1.10% → $150k - $250k
1.15%*$250k*-45 Month Featured CD
OTHER TIERS: 1.00% → $500 - $100k | 1.05% → $100k - $150k | 1.10% → $150k - $250k
1.00%*$250k*-36 Month CD
OTHER TIERS: 0.85% → $500 - $100k | 0.90% → $100k - $150k | 0.95% → $150k - $250k
0.90%*$250k*-30 Month CD
OTHER TIERS: 0.75% → $500 - $100k | 0.80% → $100k - $150k | 0.85% → $150k - $250k
0.90%*$250k*-25 Month Featured CD
OTHER TIERS: 0.75% → $500 - $100k | 0.80% → $100k - $150k | 0.85% → $150k - $250k
0.85%*$250k*-24 Month CD
OTHER TIERS: 0.70% → $500 - $100k | 0.75% → $100k - $150k | 0.80% → $150k - $250k
0.75%*$250k*-18 Month CD
OTHER TIERS: 0.60% → $500 - $100k | 0.65% → $100k - $150k | 0.70% → $150k - $250k
0.75%$25-12 Month Save To Win
0.75%*$250k*-11 Month Featured CD
OTHER TIERS: 0.60% → $500 - $100k | 0.65% → $100k - $150k | 0.70% → $150k - $250k
0.70%*$250k*-12 Month CD
OTHER TIERS: 0.55% → $500 - $100k | 0.60% → $100k - $150k | 0.65% → $150k - $250k
0.55%*$250k*-9 Month CD
OTHER TIERS: 0.40% → $500 - $100k | 0.45% → $100k - $150k | 0.50% → $150k - $250k
0.50%*$250k*-6 Month CD
OTHER TIERS: 0.35% → $500 - $100k | 0.40% → $100k - $150k | 0.45% → $150k - $250k
0.20%*$250k*-3 Month CD
OTHER TIERS: 0.05% → $500 - $100k | 0.10% → $100k - $150k | 0.15% → $150k - $250k

Frankenmuth Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$250k*-5 Year IRA
OTHER TIERS: 1.05% → $500 - $100k | 1.10% → $100k - $150k | 1.15% → $150k - $250k
1.15%*$250k*-4 Year IRA
OTHER TIERS: 1.00% → $500 - $100k | 1.05% → $100k - $150k | 1.10% → $150k - $250k
1.05%*$100k*$150k36 Month IRA
OTHER TIERS: 0.85% → $500 - $100k | 0.95% → $150k - $250k | 1.00% → $250k+
0.90%*$250k*-30 Month IRA
OTHER TIERS: 0.75% → $500 - $100k | 0.80% → $100k - $150k | 0.85% → $150k - $250k
0.85%*$250k*-24 Month IRA
OTHER TIERS: 0.70% → $500 - $100k | 0.75% → $100k - $150k | 0.80% → $150k - $250k
0.75%*$250k*-18 Month IRA
OTHER TIERS: 0.60% → $500 - $100k | 0.65% → $100k - $150k | 0.70% → $150k - $250k
0.70%*$250k*-12 Month IRA
OTHER TIERS: 0.55% → $500 - $100k | 0.60% → $100k - $150k | 0.65% → $150k - $250k
0.55%*$250k*-9 Month IRA
OTHER TIERS: 0.40% → $500 - $100k | 0.45% → $100k - $150k | 0.50% → $150k - $250k
0.50%*$250k*-6 Month IRA
OTHER TIERS: 0.35% → $500 - $100k | 0.40% → $100k - $150k | 0.45% → $150k - $250k
0.20%*$250k*-3 Month IRA
OTHER TIERS: 0.05% → $500 - $100k | 0.10% → $100k - $150k | 0.15% → $150k - $250k
Locations

Availability



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