Frankenmuth Credit Union

Rated star_ratedstar_ratedstar_ratedstar_ratedstar_normal by Credit Guide
Review based on 12 criteria Rating: 4 out of 5

PO Box 209, Frankenmuth, MI 48734

Website

(989) 497-1600

Data Source: NCUA, December 31, 2016


Frankenmuth Credit Union was founded in 1964. Headquartered in Frankenmuth, Michigan, Frankenmuth Credit Union is a state chartered and federally insured credit union, being chartered in Michigan and insured through the National Credit Union Share Insurance Fund (NCUSIF). Frankenmuth Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Frankenmuth Credit Union services 36,758 members through its 17 offices and branches and 170 full-time and 26 part-time employees. It has $470,665,512 of total assets and $51,892,391 of net worth. Based on its asset size and net worth ratio, Frankenmuth Credit Union is classified as a Well Capitalized medium large credit union.

Frankenmuth Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Frankenmuth Credit Union also provides an array of services to its members and local communities. Frankenmuth Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Frankenmuth Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Michigan and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Michigan
Median of USA
Checking
0.0100
0.0000
0.0000
Savings
0.0200
0.1000
0.1200
Money Market
0.4000
0.2500
0.2500
Certificate Deplit
1.3500
0.6000
0.5800
IRA
1.4600
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
7.9500
9.9600
9.9900
Unsecured Line of Credits
10.6800
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
6.4900
6.2300
6.0200
New Car Loans
4.6400
2.9900
3.3300
Used Car Loans
6.4500
3.9900
4.5000
1st Mortgage Real Estates
3.8900
4.2500
4.2500
Other Real Estates
5.0600
4.5000
4.7000

Frankenmuth Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Frankenmuth Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
Yes

As a community financial institution, Frankenmuth Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
Yes
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Bethel A.M.E. Branch
535 Cathay St
Saginaw, MI 48601-1318
Phone:989-497-1600

Birch Run
8131 Main St
Birch Run, MI 48415-9296
Phone:989-497-1600

Caro Branch
1060 W Caro Rd
Caro, MI 48723
Phone:989-497-1600

Cass City Branch
6358 Main St
Cass City, MI 48726
Phone:989-249-9224

Elkton Branch
47 N Main St
Elkton, MI 48731-5136
Phone:989-497-8559

Essexville Branch
3017 Center Ave
Essexville, MI 48732
Phone:989-497-8547

Freeland Branch
115 S Main St Ste 2b
Freeland, MI 48623
Phone:989-497-1600

Independence Village
255 Mayer Rd
Frankenmuth, MI 48734
Phone:989-497-1600

Main Office
580 N Main St
Frankenmuth, MI 48734
Phone:989-497-1600

Meijer Drive South Birch Run
9430 Meijer South Drive
Birch Run, MI 48415
Phone:989-497-1600

Millington
8234 State Rd
Millington, MI 48746-9489
Phone:989-497-1600

Otisville Branch
410 N State Rd
Otisville, MI 48463
Phone:989-497-1600

Reese
12638 E Washington Rd
Reese, MI 48757-9714
Phone:989-497-1600

Richville
9321 W Sanilac Rd
Reese, MI 48757
Phone:989-497-1600

Rockford Office
6575 Belding Rd Ne Suite E
Rockford, MI 49341
Phone:989-249-9236

Town & Country
2796 Erna Dr
Saginaw, MI 48603
Phone:989-497-1600

Vassar
602 State Rd
Vassar, MI 48768-9248
Phone:989-497-1600

(989) 497-1661

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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