Frankenmuth Credit Union is headquartered in Frankenmuth and is the 20th largest credit union in the state of Michigan. It is also the 380th largest credit union in the nation. It was established in 1964 and as of March of 2022, it had grown to 350 employees and 62,438 members at 28 locations. Frankenmuth Credit Union has an A health rating.
Membership in Frankenmuth Credit Union is open to anyone who lives, works, worships, or was educated anywhere in the state of Michigan. Relatives of current Frankenmuth Credit Union members also qualify for membership.
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||1.2%|
|Return on Equity - YTD||12.5%|
|Annual Interest Income||$9.7MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$1.11B$989.7MM|
|Loans||Q1 2022vs Q1 2021||$802.8MM$695.9MM|
|Deposits||Q1 2022vs Q1 2021||$994.3MM$871.5MM|
|Equity Capital||Q1 2022vs Q1 2021||$104.7MM$89.0MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$7.9MM$7.6MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$2.2MM$1.8MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$0$154.00K|
Rates for Frankenmuth Credit Union are currently being reviewed.