FreeStar Financial Credit Union


Overview / Commentary
586-466-7800
37570 S Gratiot Ave
Clinton Township, MI 48036

FreeStar Financial Credit Union is headquartered in Clinton Township and is the 56th largest credit union in the state of Michigan. It is also the 1,008th largest credit union in the nation. It was established in 1957 and as of June of 2019, it had grown to 63 employees and 20,200 members at 4 locations. FreeStar Financial Credit Union's CD rates are 94% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

FreeStar Financial Credit Union is open to those who live, work, worship, or go to school in Genessee, Macomb, Lenawee, Lapeer, Monroe, Livingston, St. Clair, Oakland, Wayne and Washtenaw counties, and to all active or veteran Military in the state of Michigan
See current membership details

Reviews (3)

A credit union is better than pre paid debit cards!!

Posted by: cgouch47 | Jan 19, 2016

I choose my credit union because of frustrations from prepaid debit card fees. At CMCCU their are no monthly maintenance fees to eat up your balances and it is nice to have a savings option too. My credit union has convenient deposit options and you can take your balance down to 0 with no penalty. I appreciate the simplicity of the website access of CMCCU very helpful.

Never Again!

Posted by: markwc | May 2, 2019

I refinanced 2 of my auto loans with them and got a consolidation loan. They mailed the credit card payoff to the wrong address. Even through I gave them the correct one. Took a month to resolve. I sold one of my cars and paid off the loan with them. When I applied for another auto loan to replace the car I sold, I was denied. Which was strange because I paid $20/$30 extra on all 3 loans every single month and my credit score was higher than when I original got the loans. I was told it was because I always paid a week or 2 late. Whatever. Theres a credit union on every corner.

Freestar Is No CMCCU

Posted by: dpost2012 | Jul 4, 2018

When I started banking through them they were CMCCU and they were awesome. Since they turned into Freestar I have had many problems. They turn your card off without notice and this time which WILL be the last they did it after they closed on the 3rd of july which means I will not be able to fix my account until the 5th because of the holiday. They claim it's fraud protection but when I have real fraud problems I get little help. I have been using them for several years and I only seem to have problems when my bank account is low. They never turn my account if I have thousands of dollars on it but If I have less than $500 it's only a matter of time. One time to avoid over drafting I transferred money from my savings into my checking and later found out they put the money into my dad's account so I over drafted and had to contact my father to have him ok the transfer back into my account. I feel like the employee's try to fix the problems but apparently theirs nothing they can do to keep you from having your card turned off in the worst times. I am currently expecting a seriously important call today and my phone is off because I can not pay the bill because my card got turned off yesterday. Yesterday I had a bill to pay also extremely important and I found out my card was off and obviously the bank was closed so I got screwed over. Luckily I was able to pay someone cash to use their card but that was the last of the cash I have because the rest of my money is in my bank account for which I do not have access too. Freestar is not CMCCU, I miss CMCCU and I can not stand Freestar. If you order things on line a lot of things will not go through and If you want to make that purchase you have to contact them and ok that single trasfer each and every time. That part does not bother me that much but turning my card off without notification very often does, especially when they turn it off after hours and the day before they go on holiday.



Health
B+

Health Grade Components

Overall
NCUA #60406
Year Chartered1957
Employees63
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.76%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$222.7MM$220.0MM
LoansQ2 2019vs Q2 2018$176.9MM$176.5MM
DepositsQ2 2019vs Q2 2018$188.0MM$187.7MM
Equity CapitalQ2 2019vs Q2 2018$23.7MM$21.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.6MM$1.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$2.6MM$2.1MM
Real Estate OwnedQ2 2019vs Q2 2018$0$68.00K
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not FreeStar Financial Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

FreeStar Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$250-IRA Savings
0.50%--IRA Rollover
0.20%$10-Regular Share Savings
0.20%--Special Savings
0.20%--Christmas Club
0.20%$10-Vacation Club

FreeStar Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$75k-Money Management Account - Diamond Anniversary Special
0.35%*$150k*-Money Management Accounts
OTHER TIERS: 0.10% $1k - $2.5k | 0.20% $2.5k - $5k | 0.25% $5k - $25k | 0.30% $25k - $150k

FreeStar Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$7.5kBoomerang Rewards Checking
OTHER TIERS: 0.05% $7.5k+

FreeStar Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.61%$500-5 Year CD
2.40%$500-4 Year CD
2.20%$500-3 Year CD
2.20%$500-18 Month CD Special
2.00%$500-13 Month CD Special
1.90%$500-2 Year CD
1.75%$500-1 Year CD
1.25%$25-1 Year Save to Win
1.25%$500-1 Year iSave Youth
0.75%$500-6 Month CD

FreeStar Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.61%$500-5 Year IRA
2.40%$500-4 Year IRA
2.20%$500-3 Year IRA
1.90%$500-2 Year IRA
1.75%$500-1 Year IRA
0.75%$500-6 Month IRA
Locations


FreeStar Financial Credit Union Locations
Branch Office37570 S Gratiot AveClinton Township, MI 48036
Branch Office44200 N Jefferson Ave # 715Selfridge ANGB, MI 48045-5263
Branch Office34642 Van Dyke AveSterling Heights, MI 48312
Branch Office47011 Sugarbush RdChesterfield, MI 48047

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.