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 54th largest credit union in the state of Michigan. It is also the 1,000th largest credit union in the nation. It was established in 1957 and as of June of 2018, it had grown to 63 employees and 19,805 members at 4 locations. FreeStar Financial Credit Union's money market rates are 70% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

FreeStar Financial Credit Union offers membership to the residents of the following Michigan counties: Genesee, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw, and Wayne. In addition, all military members who live anywhere in Michigan are eligible to join.
See current membership details

Reviews (2)

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.

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 - YTD0.55%
Return on Equity - YTD5.51%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$220.0MM$200.2MM
LoansQ2 2018vs Q2 2017$176.5MM$166.0MM
DepositsQ2 2018vs Q2 2017$187.7MM$177.5MM
Equity CapitalQ2 2018vs Q2 2017$21.9MM$20.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.7MM$1.5MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$2.1MM$1.3MM
Real Estate OwnedQ2 2018vs Q2 2017$68.00K$221.00K
Rates
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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 Account
0.50%--IRA Rollover Account
0.20%$10-Regular Share Savings Account
0.20%--Special Savings Account
0.20%--Christmas Club Account
0.20%$10-Vacation Club Account

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
2.00%*-$10kBoomerang Rewards Checking
OTHER TIERS: 0.05% $10k+

FreeStar Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$500-5 Year CD
2.50%$500-34 Month CD
2.35%$5k-5 Year Bump CD Special - New Money
2.25%$500-4 Year CD
2.25%$500-18 Month CD Special
2.15%$500-3 Year CD
2.15%$500-22 Month CD
2.05%$500-2 Year CD
2.05%$500-13 Month CD Special - New Money
2.00%$5k-3 Year Bump CD Special - New Money
1.40%$500-1 Year CD
0.75%$500-6 Month CD
0.40%$25-1 Year Save to Win
0.40%$500-1 Year iSave Youth

FreeStar Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$500-5 Year IRA
2.50%$500-34 Month IRA
2.35%$5k-5 Year Bump IRA - New Money Special
2.25%$500-4 Year IRA
2.25%$500-18 Month IRA Special
2.15%$500-3 Year IRA
2.15%$500-22 Month IRA
2.05%$500-2 Year IRA
2.00%$5k-3 Year Bump IRA - New Money Special
1.40%$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

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