Frankfort Community Federal Credit Union

Overview / Commentary

fcfcu.virtualcu.net

231-352-9392

921 Forest Ave
Frankfort, MI 49635

Frankfort Community Federal Credit Union is headquartered in Frankfort and is the 181^st largest credit union in the state of Michigan. It is also the 3,370^th largest credit union in the nation. It was established in 1959 and as of June of 2022, it had grown to 6 employees and 2,081 members at 1 location. Frankfort Community Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Frankfort Community Federal Credit Union is open to those who live or work in Benzie County, Michigan.
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Health

C+

Data as of Q2 2022

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Frankfort Community Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	13355
Year Chartered	1959
Employees	6
Primary Regulator

Profit Margin
Return on Assets - YTD	0.72%
Return on Equity - YTD	8.77%
Annual Interest Income	$351.00K

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$21.2MM$20.0MM
Loans	Q2 2022vs Q2 2021	$9.6MM$10.1MM
Deposits	Q2 2022vs Q2 2021	$19.5MM$17.9MM
Equity Capital	Q2 2022vs Q2 2021	$1.7MM$2.1MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$447.00K$96.00K
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$487.00K$374.00K
Real Estate Owned	Q2 2022vs Q2 2021	$0$53.00K

Rates

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Savings
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Frankfort Community Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$75k^*	-	Super Saver
OTHER TIERS: 0.25% → $5k - $25k \| 0.35% → $25k - $48k
0.15%	$5	-	Regular Shares

Frankfort Community Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$500	-	Dividend Checking

Frankfort Community Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	24 Month CD
0.35%	-	-	18 Month CD
0.30%	-	-	12 Month CD
0.25%	-	-	6 Month CD

Locations

Frankfort Community Federal Credit Union Locations
Branch Office	921 Forest Ave	Frankfort, MI 49635

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