Frankenmuth Credit Union Business Department Leader of the pack PPP Loan Relief Loan
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950
PPP Loans
54,000,000
$ PPP Total
100
COVID-19 LOANS
Biz Wealth Builder

Our Business Wealth Builder is a totally liquid account, with no strings attached, that earns a great rate of return. If you own your own business, this is a great spot to earn more on the balances you keep.

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%
TERMS: **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: May 9, 2021

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. Contact us for more information. FCU offers special savings rates for our members that take advantage of our excellent business programs. Contact our business department for more information. Members will forfeit dividends if accounts closed before accrued dividends are posted.

Effective Date: May 9, 2021
Biz CDs

Want a place to put some money that you know is insured and earns a high rate of return. We have certificate of deposit options from as short as 3 months to as long as 5 years. Check below for our CD rates and specials.

TermAPY**Div Rate*
$500 - $99,999 Term
3 Months.05%.05%
6 Months.10%.10%
9 Months.15%.15%
12 Months.20%.20%
18 Months.25%.25%
24 Months.30%.30%
30 Months.35%.35%
36 Months.40%.40%
36 Month Bump CD***.40%.40%
48 Months.45%.45%
60 Months.50%.50%
60 Month Bump CD***.50%.50%
$100,000 - $149,000 Term
3 Months.05%.05%
6 Months.10%.10%
9 Months.15%.15%
12 Months.20%.20%
18 Months.25%.25%
24 Months.30%.30%
30 Months.35%.35%
36 Months.40%.40%
36 Month Bump CD***.40%.40%
48 Months.45%.45%
60 Months.50%.50%
60 Month Bump CD***.50%.50%
$150,000 - $249,000 Term
3 Months.05%.05%
6 Months.10%.10%
9 Months.15%.15%
12 Months.20%.20%
18 Months.25%.25%
24 Months.30%.30%
30 Months.35%.35%
36 Months.40%.40%
36 Month Bump CD***.40%.40%
48 Months.45%.45%
60 Months.50%.50%
60 Month Bump CD***.50%.50%
$250,000 and up Term
3 Months.05%.05%
6 Months.10%.10%
9 Months.15%.15%
12 Months.20%.20%
18 Months.25%.25%
24 Months.30%.30%
30 Months.35%.35%
36 Months.40%.40%
36 Month Bump CD***.40%.40%
48 Months.45%.45%
60 Months.50%.50%
60 Month Bump CD***.50%.50%
*Require $500 minimum investment for a Certificate of Deposit under $100,000. Rates subject to change. Investment fully insured under the NCUA guidelines. Penalty for early withdrawal or closing. **APY = Annual Percentage Yield. Members would forfeit dividends if accounts closed before accrued dividends are posted. Contact us for more information. ***Bump CD's have option to change rate to current rate once per CD term.

Effective Date: May 9, 2021
CD TERMS: *APY = Annual Percentage Yield. Rates may change at any time and APY assumes interest is compounding. Offer may end at any time. Substantial penalty for early withdrawals. Must be a member of FCU to take advantage of this offer. Federally insured by NCUA. Wealth Builder TERMS: *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.

Own a business or thinking of starting a business? Need a line of credit to ease tight finance times or to purchase an item to improve your operations? Frankenmuth Credit Union offers a large array of business loan options to meet any business need. All our loans are competitively priced and will fit well with your bottom line. We offer:

Auto Financing

Shopping locally benefits the community and is always appreciated. Why not go local for your financing options. Frankenmuth Credit Union’s business team works hard to ensure we have the most competitive pricing and flexibility repayment terms whether you are buying one truck or a whole fleet.

To get started with a Frankenmuth Credit Union Business Loan contact our Business Department.

Real Estate Financing

You might not think your local hometown financial solution has the tools or the ability to do your businesses real estate financing for you, but we do. We have solutions for small local business remodels to big million dollar refinances and everywhere in between.

To get started with a Frankenmuth Credit Union Business Loan contact our Business Department.

Loans for Any Reason

Keep your dollars local and give, Frankenmuth Credit Union the opportunity to finance your next project or purchase. We promise you won’t be disappointed. We have business credit cards, business lines of credit, ag loans and more.

To get started with a Frankenmuth Credit Union Business Loan contact our Business Department.

Lines of Credit

Manage your day-to-day business needs, from payroll to overhead costs, with a secured or unsecured line of credit from Frankenmuth Credit Union.

To get started with a Frankenmuth Credit Union Business Loan contact our Business Department.

Ag Loans

Frankenmuth Credit Union is proud of what we have to offer to the agriculture community in the Great Lakes Bay Region. Being native to the area—even some growing up on farms themselves—our experienced lenders will work closely with you, in the office or on the farm, to meet the needs of your agribusiness.

To get started with a Frankenmuth Credit Union Business Loan contact our Business Department.

MIGrow

Frankenmuth Credit Union presents financing for startup and expansion funds for farmers markets and grocery retailers in USDA-designated Food Desert Census Tract Investment Areas within Saginaw, Genesee, Bay, Lapeer and Sanilac Counties.

  • Loan amounts from $50K to $1M
  • Loan funds include: working capital, lease-hold improvements, equipment, inventory, construction, pre-development costs, site acquisition, bridge
  • Capital and refinance business debt

To get started with a Frankenmuth Credit Union Business Loan contact our Business Department.

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.

Business Boost Loan
  • Low Rate
  • Up to 60 months
  • No application fees
DescriptionRate**Term
as low asMonth Repayment Option
Business Boost Loan4.00% APR*60 month
*APR=Annual Percentage Rate. Must meet FCU's normal underwriting qualifications for approval. Rates may change at any time. Interest rate is determined based on risk. Offer may end at any time.


Effective Date: May 9, 2021

UPDATE: March 7, 2021

Frankenmuth Credit Union would like to assist you in filing your Paycheck Protection Program (PPP) forgiveness application. With continued guidance and clarifications from the Small Business Administration (SBA), some of our business members have already had their PPP loans forgiven for the First Draw.

The Second Draw which has begun as of January 11, 2020, has similar rules associated with the loan amount, however, to qualify for the second draw, borrower must be able to prove a reduction in gross sales by at least 25% for comparative quarters between 2020 to 2019, or for the entire year.

Schedule C Borrower Applications are loaded below. Note: the loan you qualify for will be based on Gross Revenue versus Net Income. FCU will submit your application to the SBA for approval.

Second draw applications who can prove a Gross Revenue decline of 25% or more can use Gross Revenue for the basis of their loan amount.

As always, we encourage you to get advice from your CPA/Accountant for your particular situation. But, we want you to know we are ready and willing to help.

Feel free to contact the Frankenmuth Credit Union Business Department. Call or email (preferred) your FCU Business Department Representative.

Frankenmuth Credit Union is here to support you! We are Better Together!

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: May 9, 2021

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 0.15% 0.15% $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: May 9, 2021

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
Business Credit Card

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

Credit Card Rates

MasterCard APR* Benefits
as low as
Business Platinum 8.25% Earn points on each purchase for travel, merchandise or cash.
Balance Transfer Promotion 6.25% 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: May 9, 2021
SEND INVOICES & PAYMENTS
Accept Credit-Debit Cards
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.
Jim Bickel
Jim Bickel
VP Business Operations
Dennis Krafft
Dennis Krafft
Business Development
Helene Weber
Helene Weber
Senior Business Loan Officer
Cheryl Beythan
Cheryl Beythan
Business Services Officer
Brian Evans
Brian Evans
Business Officer
Rod Weber
Rod Weber
Business Officer
Jill Rodriguez
Jill Rodriguez
Business Development
Larry Ehrlinger
Larry Ehrlinger
Business Development
Mike Bender
Mike Bender
Business Development
Mike Olgaard
Mike Olgaard
Business Development