Frankenmuth Credit Union is headquartered in Frankenmuth and is the 23rd largest credit union in the state of Michigan. It is also the 430th largest credit union in the nation. It was established in 1964 and as of December of 2019, it had grown to 265 employees and 50,464 members at 26 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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Wonderful Place To Do Business
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 Love Frankenmuth Credit Union
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!
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61755 |
| Year Chartered | 1964 |
| Employees | 265 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 6.04% |
| Annual Interest Income | $34.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $740.9MM$652.0MM |
| Loans | Q4 2019vs Q4 2018 | $597.5MM$535.2MM |
| Deposits | Q4 2019vs Q4 2018 | $633.2MM$547.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $69.2MM$66.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $8.6MM$7.2MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $5.9MM$9.2MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $1.2MM$758.00K |
