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Biz Savings

Our Business Savings Products are totally liquid, with no strings attached and earn a great rate of return. If you a business, these are great products to earn more on the balances you keep.

All-In Savings Business:
Min.APY**Div Rate*
$1001.00%0.99%

**APY=Annual Percentage Yield. Rates may change at any time. Must maintain a minimum daily balance of $100 to obtain the disclosed APY. Members will forfeit dividends if accounts closed before accrued dividends are posted. Account approval, qualifications, limits and other requirements may apply. Federally insured by NCUA. Contact us for information about fees and terms that may apply.
Effective Date: March 19, 2024

Wealth Builder Rates:
InvestmentAPY**Div Rate*
$1,000-$99,999.20%.20%
$100,000-$149,999.18%-.20%.15%
$150,000-$249,999.15%-.18%.10%
$250,000+.05%-.15%.05%
**APY = Annual Percentage Yield. Rates may change at any time. Advertised rate is on the first $249,999 in balances for businesses. No interest will be paid on the Business Wealth Builder if the average daily balance is less than $1,000. Account approval, qualifications, limits and other requirements may apply. Members will forfeit dividends if accounts closed before accrued dividends are posted. Contact us for more information. Federally insured by NCUA.

Effective Date: March 19, 2024

Savings Rates:
Dividend TiersAPY**Div Rate*
$5 - $9,9990.10%0.10%
$10,000 - $24,9990.10%0.10%
$25,000 - $99,9990.10%0.10%
$100,000 & Up0.10%0.10%
**APY=Annual Percentage Yield. Rates may change at any time. Members will forfeit dividends if accounts closed before accrued dividends are posted. Federally insured by NCUA. FCU offers special savings rates for our members that take advantage of our excellent business programs. Contact our business department for more information.

Effective Date: March 19, 2024

Mega Money Market Rates:
BalanceAPY**Div Rate*
$10,000 - $24,9991.44%1.43%
$25,000 - $49,9991.54%1.53%
$50,000 - $99,9991.64%1.63%
$100,000 - $499,9992.50%2.47%
$500,000 - $999,9992.80%2.76%
$1,000,000 and up3.00%2.96%
*Required minimum opening balance for both Money Market Accounts is the minimum required to earn interest. Limited to four withdrawals per month of $500 or more. All deposits must be over $100. **APY = Annual Percentage Yield. Members will forfeit dividends if account is closed before accrued dividends are posted. Federally insured by NCUA. Contact us for more information.

Effective Date: March 19, 2024
Biz CDs

Why invest with us?  FCU was recently rated among the top 5% of credit unions NATIONWIDE, based on its level of equity and secure investments according to Raddon Financial, a national firm that reviews banks and credit unions of all sizes. Financial, a national firm that reviews banks and credit unions of all sizes.

CD TypeAPY**Div Rate*Min.Details
Minimum InvestmentDescription
$500 - $99,999
11 Months3.75%3.69%$500Good for funds already at FCU and new funds.
19 Month Bump***4.50%4.41%$500Good for funds new to FCU only.
21 Months4.00%3.93%$500Good for funds already at FCU and new funds.
$100,000 - $149,000
11 Months4.00%3.93%$100,000Good for funds already at FCU and new funds.
19 Month Bump***4.75%4.65%$100,000Good for funds new to FCU only
21 Months4.25%4.17%$100,000Good for funds already at FCU and new funds.
$150,000 - $249,999
11 Months4.25%4.17%$150,000Good for funds already at FCU and new funds.
19 Month Bump***4.75%4.65%$150,000Good for funds new to FCU only
21 Months4.50%4.41%$150,000Good for funds already at FCU and new funds.
$250,000 - and up
11 Months4.75%4.65%$250,000Good for funds already at FCU and new funds.
19 Month Bump***5.00%4.89%$250,000Good for funds new to FCU only
21 Months5.00%4.89%$250,000Good for funds already at FCU and new funds.
**APY = Annual Percentage Yield. Contact us for more information. Requires $500 minimum investment for a Certificate of Deposit. Rates may differ depending on the amount investing. Members will forfeit dividends if accounts closed before accrued dividends are posted. Substantial penalty for early withdrawals. Rates subject to change. Investment fully insured under the NCUA guidelines. Penalty for early withdrawal. VIP=Value In Participation: VIP Gold or Platinum members get 1/4% monthly interest bonus on CD's & certain loans that have taken out since Sept. 2003. Birthday cards do not qualify to take advantage of CD specials, which include odd termed CD offers under the CD SPECIALS title. ***19 Month Bump CD Rate can be changed once any time during the term of the CD to FCU’s current rate. Will auto renew as a non-bump cd. 19 Month Bump CD for new to FCU money only.

Effective Date: March 19, 2024
Biz Lending

Frankenmuth CU offers a large variety of loan services with varying terms and the most competitive rates in the marketplace to meet your business’ specific needs. Contact our experienced team for more information.

  • Cash Secured Loans
  • Investment Secured Loans (stocks and bonds)
  • Commercial Real Estate Purchase and Rfinance
  • Asset Based LOC
  • Investment Properties
  • Commercial LOC
  • Business Autos
  • Business Equipment
  • Commercial Real Estate Construction loans
  • Lines of Credit

Create and send a great-looking invoice in minutes. Delight your customers with easy online payment options. See who paid their invoice and who is past due.

  • Send invoices to your customers online
  • Accept online payments
  • Get paid right into your Frankenmuth CU account
  • Automate your most time-consuming tasks
  • Get financial reports for tax time
  • Manage all of your customers and vendors in one place
  • Access detailed reports, Balance Sheets or General Ledgers
  • Run your business from your online banking

Elavon helps getting paid the easiest part of your business with fast, secure credit and debit card processing. This virtual merchant a tool gives small businesses the power of big business.

  • PCI Compliant
  • Next day availability
  • Personal service from FCU and Elavon
  • 24/7 support 800-725-1243

Magic Wrighter helps businesses with ACH Origination without requiring the purchase of specialized software. Provides employee payroll solutions with direct deposit capabilities, business to business payments, direct deposit of federal and state taxes, and so much more.

  • Payroll Direct Deposit
  • Vendor Payments & Cash Management
  • Pre-authorized Payments
  • Tax Payments

Gusto is a product that has the power to integrate payroll, HR, and benefits services for smaller businesses. The full-service payroll feature automatically calculates and pays federal, state, and local taxes, files W2’s and 1099’s. HR tools include vacation calculations, compliance, onboarding tools, workmen’s comp, benefits and time tracking capabilities.

  • Automatically files your payroll taxes
  • Unlimited Payrolls
  • Built-in benefits and time tracking
  • Best in-class customer service

iPay has both a payroll and a Bill Pay services accessed through business online banking to assist small businesses. Direct deposits and the ability to transfer funds to other financial institutions allows businesses make weekly bill paying and payroll a breeze.

Standard Checking

2 Star
Biz Checking

100 Checks
Cleared or Deposited*

0 Minimum Balance
$5 Monthly Fee**
WOW
3 Star
Biz Checking

250 Checks
Cleared or Deposited*

$250 Minimum Balance
$10 Monthly Fee**
4 Star
Biz Checking

500 Checks
Cleared or Deposited*

$500 Minimum Balance
$15 Monthly Fee**
WOW
5 Star
Biz Checking

Unlimited Checks
Cleared or Deposited*

$10K Minimum Balance
$25 Monthly Fee**

Interest Checking

2 Star
Plus Interest Checking

100 Checks
Cleared or Deposited*

$250 Minimum Balance
$5 Monthly Fee**
3 Star
Plus Interest Checking

250 Checks
Cleared or Deposited*

$500 Minimum Balance
$10 Monthly Fee**
WOW!
4 Star
Plus Interest Checking

500 Checks
Cleared or Deposited*

$1000 Minimum Balance
$15 Monthly Fee**
5 Star
Plus Interest Checking

Unlimited Checks
Cleared or Deposited*

$20K Minimum Balance
$25 Monthly Fee**

Health Savings Checking

  • Must Have High Deductible Insurance Plan
  • Pays Interest
  • Tiered interest Rates by Balance
  • No Overdraft Protection
  • Online Banking Access
  • Earns VIP Points

Contact our business department today or visit our Frankenmuth Main Branch.

Health Savings Rates

Investment Amount APY** Div Rate*
$0.01 - $999 0.15% 0.15%
$1,000 - $2,499 0.30% 0.30%
$2,500 - $9,999 0.30% 0.30%
$10,000 and up 0.30% 0.30%

**APY=Annual Percentage Yield. Rates may change at any time. Members will forfeit dividends if accounts closed before accrued dividends are posted. Contact us for more information. Our Health Savings Account features a small set-up charge and a small monthly-service charge. HSA's are designed for those members with high deductible health insurance plans. Contact our Business Department at (989)497-1600 for more information on our very attractive HSA program.

Effective Date: March 19, 2024

Biz Checking Rates

Description APY** Div Rate* Balance
Minimum balance to earn interest
2 Star Plus Checking 0.03% 0.03% $250 min.
3 Star Plus Checking 0.05% 0.05% $500 min.
4 Star Plus Checking 0.10% 0.10% $1000 min.
5 Star Plus Checking 0.30% 0.30% $20,000 min.

**APY=Annual Percentage Yield. Rates may change at any time. Members will forfeit dividends if accounts closed before accrued dividends are posted. Contact us for more information. Fees may reduce earnings on these accounts.

Effective Date: March 19, 2024

Biz Checking Disclaimers

*Electronic transactions do not count toward this total.
**Monthly Account Fee charged if daily balance falls below minimum balance requirement OR number of items are exceeded.

True biz Card

  • Low Rate
  • Earn rewards on every purchase
  • No Cash Advance Fee
  • No Annual Fee
  • No Balance Transfer Fee
  • Flexible Repayment Option

Contact our business department today or visit our Frankenmuth Main Branch.

Credit Card Rates

MasterCard APR* Benefits
as low as
Business Platinum 13.50%, Rate tied to Prime + 5.00% Earn points on each purchase for travel, merchandise or cash
Balance Transfer Promo 11.50%, Rate tied to Prime + 3.00% Special Rate for debt transferred from accounts outside FCU

*APR=Annual Percentage Rate. Rate: Prime + 5.00% not to go below a floor of 8.00%APR. Balance Transfer Promotion Rate: Prime + 3.00%. Debt must be from outside FCU. Rates may change at any time. Must meet FCU's normal underwriting qualifications to be approved. Contact FCU for more information.

Effective Date: March 19, 2024
SEND INVOICES & PAYMENTS
Accept Online Payments
Get Invoice History
Accept ACH Transfers
Autobooks
a better way to do business

Autobooks provides accounting, invoicing and credit/debit card processing services that save time for small business owners. Found within your online banking, Autobooks simplifies your finances by streamlining tedious time consuming tasks.

Autobooks

We’d love to take 10 minutes to show you the quickest ways to use Autobooks. Pick your favorite day and time, and we’ll give you a call.

Biz Benefits

An FCU membership doesn’t just give you better service and amazing products, membership also gives you access to hundreds of dollars in savings and rewards from national-brand retailers and local services you use every day. Click on the brand logos below to take advantage of the savings.

MEET THE TEAM

To get started with a Frankenmuth Credit Union business account, loan or business credit card, reach out to one of our business professionals for a one-on-one conversation about your business and its potential for growth and success.
tammyr2
Tammy Reinert
VP of Business Operations
Dennis Krafft
Dennis Krafft
Business Development
Jim Bickel
Jim Bickel
Manager of Credit Admin
Cheryl Beythan
Cheryl Beythan
Business Services Officer
Brian Evans
Brian Evans
Business Officer
Rod Weber
Rod Weber
Business Officer
Larry Ehrlinger
Larry Ehrlinger
Business Development
Mike Bender
Mike Bender
Business Development
Mike Olgaard
Mike Olgaard
Business Development
toddhart3
Todd Hart
Business Loan Officer
Jill Rodriguez
Jill Rodriguez
VP PVT Banking/Comm. Services