Frankenmuth CU (MI) Features 13-Month CD Special


Deal Summary: 13-month CD Special, 1.60% APY, $500 minimum deposit, new money, limited time offer.

Availability: All Michigan residents.

For the past few years, Frankenmuth Credit Union (FCU) has run a series of summer CD Specials. This year is no different, with three “Summer Sizzler” CD Specials being offered, but only the 13-month CD Special (1.60% APY) has sizzle; the other two (21-month, 1.35% APY and 37-month, 1.50% APY) are more fizzle than sizzle.

1.60%$500-Frankenmuth Credit Union13 Month CD Special - New Money
Accounts mentioned in this post. Rates as of December 11, 2017.

The limited-time 13-month CD Special requires new money, simply defined as “not currently on deposit with FCU."

In a Live Chat, CSR stated that the Early Withdrawal Penalty is a substantial "1/2 of the original term’s projected dividends whether earned or not; principal balance may be invaded."

Jumbo CDs

FCU is also offering some very competitive rates on CDs with deposits between $100,000 and $999,999.

1.45*%$100k-Frankenmuth Credit Union18 Month CD
OTHER TIERS: 1.10% $500 - $100k
1.30*%$100k-Frankenmuth Credit Union12 Month CD
OTHER TIERS: 1.08% $500 - $100k
1.25*%$100k-Frankenmuth Credit Union9 Month CD
OTHER TIERS: 0.60% $500 - $100k
1.20*%$100k-Frankenmuth Credit Union6 Month CD
OTHER TIERS: 0.45% $500 - $100k
Accounts mentioned in this post. Rates as of December 11, 2017.

Kasasa Cash and Kasasa Saver

In March 2016, I wrote about FCU’s Kasasa Cash (2.50% APY, up to $10k) and Kasasa Saver (1.25% APY, up to $100k); those rates are still in effect. Complete details about these two Kasasa products can be found in my March 2016 blog post.


Headquartered in Frankenmuth, Michigan, Frankenmuth Credit Union’s field of membership (FOM) includes “Anyone that lives, works, worships or is educated in the state of Michigan.”

When I last wrote about FCU in March 2016, the FOM’s wording was slightly different, using the words, “was educated in the state of Michigan." I initially thought “was educated” was a typo, but I confirmed that anyone who attended any school (elementary, high school, university, etc.) in Michigan at any time was eligible for membership. Sometime in the past year, the school requirement was changed from “was” to “is,” so only those who are currently enrolled in a Michigan school qualify.

In addition, relatives of a current FCU member also qualify for membership.

Joining FCU and/or opening a CD Special at can be done online or at any of 19 full-service Michigan branches, located in Bay City, Birch Run (2), Caro, Cass City, Elkton, Essexville, Frankenmuth (2), Freeland, Millington, Otisville, Reese, Richville, Rockford, Saginaw (2), and Vassar (2).

In addition to the full-service branches, this community-oriented credit union sponsors "Baby" Credit Unions in four local high schools, with services specifically for students and school staff.

FCU has joined the CO-OP network, which gives members access to more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide.

Credit Union Overview

Frankenmuth Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 11.76% (above average) based on March 31, 2017 data. In the past year, FCU has increased its total non-brokered deposits by $49.54 million, an excellent annual growth rate of 13.84%. Please refer to our financial overview of Frankenmuth Credit Union (NCUA Charter # 61755) for more details.

Frankenmuth Credit Union was founded in 1964 by employees of Carling Brewery, with only the brewers and millers of Carling Brewery, Zeilinger Beverage, Geyer's Brewery, and Star of the West Milling, eligible for membership.

It wasn't uncommon in those early days when someone wanted a loan, if the credit union didn't have enough in savings, for staff from the credit union to walk around the brewery asking for additional deposits. People helping people!

With its change to a community charter in 1969, FCU began to grow and today is Michigan’s 28th largest credit union, with more than 38,000 members and assets in excess of $493 million.

How the Summer Sizzler CD Special Compares

When compared to the 397 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available in Michigan, Frankenmuth Credit Union’s 13-month CD Special APY currently ranks second.

The above rates are accurate as of 7/18/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: Flint CD rates, Grand Rapids CD rates, 1-year CD rates, 5-year CD rates

Frankenmuth CU Offers Competitive Kasasa Cash Account
Availability: Residents of Michigan and anyone who was educated in Michigan, regardless of current residency.

After a brief rate drop of about two weeks, Frankenmuth Credit Union's (Frankenmuth CU) Kasasa Cash (2.50% APY on qualifying balances up to $10k) and Kasasa Savings (1.25% APY on qualifying balances up to $100k) accounts have returned to their previous competitive levels.

Kasasa Cash

Frankenmuth CU's Kasasa Cash account currently earns 2.50% APY on qualifying balances up to $10k; balances over $10k earn 0.14% APY, with any non-qualifying balances earning 0.01% APY....

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Frankenmuth CU Offers Michigan's Top Rate 21- Month and 37-Month CDs

UPDATE 3/19/15: 13-month CD Special is no longer available, and rates have been lowered on 21-month CD Special (1.25% APY) and 37-month CD Special (1.65% APY).

Availability: Residents of Saginaw, Tuscola, Bay and Genessee Counties, Michigan.

As part of the "Summer 2014 Dollars & Sense" promotion, Frankenmuth Credit Union (Frankenmuth CU) offered three CD Specials and those competitive rates lasted until the fall months.

Good News: They’re back!

With the hope of spring soon approaching, Frankenmuth CU has raised the rates once again: 37-month CD Special (2.00%...

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Frankenmuth Credit Union's "Summer 2014 Dollars & Sense" CD Specials

UPDATE 10/28/2014: 37-month CD Special is now 1.65% APY.

As part of their "Summer 2014 Dollars & Sense" promotion, Frankenmuth Credit Union (Michigan) is offering a trio of CD Specials with very competitive rates and attractive lengths of term: 37-month CD Special (2.00% APY), 21-Month CD Special (1.51% APY), and 13-month CD Special (1.00% APY). The minimum deposit to open any of the three CDs is $500, with the 13- and 21-Month CDs requiring new money, but the 37-month CD is also available to funds already on deposit...

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5.00% 24-Month CD at Frankenmuth Credit Union in Michigan
Frankenmuth Credit Union is offering a special 5.00% APY 24-month Premier CD. Minimum deposit is $500, and money must be new to the credit union. It requires a Premier Checking Account. The credit is also offering a 20-month CD with an APY of 4.25%. This only requires a minimum deposit of $5,000. These rates are listed in the credit union's rate table as of 12/14/08.

Membership is open to anyone who lives, works, worships or is educated in Saginaw, Tuscola, Bay or Genesee County, Michigan. Please refer to the credit union's...

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