FreeStar Financial Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.00% | Reward Checking | 2.09% - National Average |
| 2.35% | 5-year CD | |
| 0.40% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
FreeStar Financial Credit Union is headquartered in Clinton Township and is the 55th largest credit union in the state of Michigan. It is also the 1,016th largest credit union in the nation. It was established in 1957 and as of September of 2018, it had grown to 61 employees and 20,142 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
A credit union is better than pre paid debit cards!!
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
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.
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60406 |
| Year Chartered | 1957 |
| Employees | 61 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 6.53% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $213.8MM$212.3MM |
| Loans | Q3 2018vs Q3 2017 | $181.4MM$176.0MM |
| Deposits | Q3 2018vs Q3 2017 | $182.0MM$178.5MM |
| Equity Capital | Q3 2018vs Q3 2017 | $22.4MM$20.8MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $1.7MM$1.6MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $2.6MM$1.7MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $122.00K$290.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $10k | Boomerang Rewards Checking | ||
| OTHER TIERS: 0.05% → $10k+ | |||||
FreeStar Financial Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
| FreeStar Financial Credit Union Locations | ||
|---|---|---|
| Branch Office | 37570 S Gratiot Ave | Clinton Township, MI 48036 |
| Branch Office | 44200 N Jefferson Ave # 715 | Selfridge ANGB, MI 48045-5263 |
| Branch Office | 34642 Van Dyke Ave | Sterling Heights, MI 48312 |
| Branch Office | 47011 Sugarbush Rd | Chesterfield, MI 48047 |