Whether you are looking to buy, build, refinance or borrow for the unexpected, we have the most competitive rates and flexible repayment terms.
Current rates
APR as low as*
6.63%
APR as low as*
7.79%
APR as low as*
7.79%
APR as low as*
6.81%
Borrow
Frankenmuth Credit Union is different from other financial institutions because we look for ways to say “yes” to our members instead of looking for reasons to say “no”. Whether you are looking to purchase an airplane or refinance a Zamboni, we work hard to provide the best solutions to meet your financial needs.
Information and interactive calculators are available to you only as self-help tools for your personal use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from a Frankenmuth Credit Union professional regarding all personal finance issues. Call 989-497-1600 or find a branch near you.
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Every time you use your FCU debit card to pay for a purchase, we’ll round it up to the next even dollar amount. At the end of the day, we’ll put that change in to any FCU savings account you choose. It’s a great way to pay yourself first.
| Type | APR* | Rate** | Term |
|---|---|---|---|
| as low as | as low as | months | |
| 2023 or newer | 6.81% | 6.64% | 75 |
| 2022-2020 | 6.83% | 6.64% | 63 |
| 2019-2017 | 6.88% | 6.64% | 51 |
| 2016 and older | 6.95% | 6.64% | 39 |
| Antique Auto | 8.59% | 8.39% | 63 |
| Driving Sense-Lease Look Alike | 7.90% | 6.64% | up to 72 |
| Auto Loan Special*** | 6.63% | 6.14% | 24 |
*APR=Annual Percentage Rate. APR based on sample loan amount of $25,000, payable over the term listed above. Actual APR may be higher or lower, depending on amount borrowed, length of repayment and credit score. A loan application fee applies and is included in the APR calculation. Must meet FCU's normal underwriting qualifications for approval. Rates for members residing outside of the state of Michigan will have 1% added to the advertised rate for collateralized loans. Rates may change at any time. ***24 Month AUTO LOAN SPECIAL applies to 2017 or newer, $125 loan app fee, new to FCU money only. **Rate is the annual rate of interest applied to the outstanding loan balance. 90 day offer is only good on new money financed with FCU, does not apply for refinances already with FCU. Contact us for more details. Interest will continue to accrue if no payment is made. Extended repayment options may be available, please contact FCU for more information.
Effective Date: April 27, 2024
| Driving Sense | APR* | Rate** | Term |
|---|---|---|---|
| as low as | as low as | ||
| Model 5 Years Old & Newer Qualify | 7.90% | 6.64% | up to 72 months |
*APR=Annual Percentage Rate. APR based on sample loan amount of $25,000, payable in the number of months shown above. Actual APR may be higher or lower, depending on amount borrowed, length of repayment and credit score. A loan application fee applies and is included in the APR calculation. Must meet FCU's normal underwriting qualifications for approval. Rates for members residing outside of the state of Michigan will have 1% added to the advertised rate for collateralized loans. Rates may change at any time. **Rate is the annual rate of interest applied to the outstanding loan balance. Contact us for more details.
Effective Date: April 27, 2024
| Description | APR* | Rate** | Term |
|---|---|---|---|
| as low as | as low as | ||
| ATV, Snowmobile, Lawn & Garden, Jet Ski or Trailer | 7.79% | 7.64% | Contact Us |
| RV, Boat, Travel Trailer or Plane | 7.79% | 7.64% | Contact Us |
*APR=Annual Percentage Rate. APR based on sample loan amount of $25,000, payable in the number of months shown above. Actual APR may be higher or lower, depending on amount borrowed, length of repayment and credit score. Must meet FCU's normal underwriting qualifications for approval. A loan application fee applies and is included in the APR calculation. Rates for members residing outside of the state of Michigan will have 1% added to the advertised rate for collateralized loans. Rates may change at any time. **Rate is the annual rate of interest applied to the outstanding loan balance. 90 day no pay offer is only good on new money financed with FCU, does not apply for refinances already with FCU. Interest will continue to accrue if no payment is made. Contact us for more details.
Effective Date: April 27, 2024
| Description | APR* | Rate** | Term |
|---|---|---|---|
| as low as | as low as | Repayment Option | |
| Personal Signature Loan | 10.43% | 9.64% | 39 Months |
| Gold LOC (Line of Credit) | 12.50% | Prime + 4% (variable rate) | Monthly payment figured on the balance. |
| Home Improvement Loans | |||
| Unsecured Home Improvement Loan | 10.04% | 9.39% | 48 Months Contact Us |
| Secured Home Improvement Loan | 9.04% | 8.39% | 48 Months Contact Us |
*APR=Annual Percentage Rate. APR based on sample loan amount of $10,000, payable in the number of months shown above. Actual APR may be higher or lower, depending on amount borrowed, length of repayment and credit score. A loan application fee applies and is included in the APR calculation. Must meet FCU's normal underwriting qualifications for approval. Rates for members residing outside of the state of Michigan will have 1% added to the advertised rate for collateralized loans. Rates may change at any time. **Rate is the annual rate of interest applied to the outstanding loan balance. 90 day offer is only good on new money financed with FCU, does not apply for refinances already with FCU. Contact us for more details
Effective Date: April 27, 2024
| Description | APR* | Rate** | Term |
|---|---|---|---|
| as low as | as low as | Repayment Option | |
| Be Happy Loan | 11.33% | 8.99% | 12 month |
| Be Happy Loan | 11.23% | 9.99% | 24 months |
*APR=Annual Percentage Rate. APR based on sample loan amount of $10,000, payable over the term listed above. Must meet FCU's normal underwriting qualifications for approval. A loan application fee applies and is included in the APR calculation. Rates may change at any time. Contact us for more details. 1/2% lower if fully secured. **First payment can be made up to 90 days out-interest will accrue. Be Happy Loan applies to new loan money only..
Effective Date: April 27, 2024
Everyone wonders what do Institutions look at when they approve credit. The 4 C’s of Credit summarizes the area’s that are looked at: They are Capacity, Character, Credit history and Collateral
What is the definition of each?
- Capacity-indicates how much debt an individual can realistically repay based on current income and expenses. Elements used to calculate capacity include living expenses, current debts, income sources, income reliability, ongoing responsibilities such as child support or alimony, and proposed payments for new debt.
- Character-is based on objective measures of past behavior that’s likely to impact an individuals financial actions. These measures include length of residency, length of employment, the nature of an individual’s credit history, and the frequency with which credit information about the individual has been sought.
- Credit History– is determined by existing credit relationships. factors may include collections activity, credit card accounts , judgments, bank loans and mortgages.
- Collateral-is an item that can be taken and sold by the lender if the borrower fails to pay as agreed. Lenders stake their claim through a lien that gives them a legal interest in the item used to back the loan, usually a vehicle or real estate.