Frankenmuth Credit Union is headquartered in Frankenmuth and is the 23rd largest credit union in the state of Michigan. It is also the 440th largest credit union in the nation. It was established in 1964 and as of September of 2019, it had grown to 269 employees and 49,653 members at 26 locations. Frankenmuth Credit Union has an A 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||0.56%|
|Return on Equity - YTD||5.86%|
|Annual Interest Income||$25.2MM|
|Assets and Liabilities|
|Assets||Q3 2019vs Q3 2018||$711.6MM$630.3MM|
|Loans||Q3 2019vs Q3 2018||$580.9MM$515.0MM|
|Deposits||Q3 2019vs Q3 2018||$605.6MM$528.1MM|
|Equity Capital||Q3 2019vs Q3 2018||$68.0MM$65.4MM|
|Loan Loss Allowance||Q3 2019vs Q3 2018||$9.0MM$6.0MM|
|Unbacked Noncurrent Loans||Q3 2019vs Q3 2018||$8.0MM$10.3MM|
|Real Estate Owned||Q3 2019vs Q3 2018||$774.00K$515.00K|
Rates for Frankenmuth Credit Union are currently being reviewed.