Get a loan - Frankenmuth Credit Union
Get a Loan
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Whether you are looking to buy, build, refinance or borrow for the unexpected, we have the most competitive rates and flexible repayment terms.

Get a Loan

Whether you are looking to buy, build, refinance or borrow for the unexpected, we have the most competitive rates and flexible repayment terms.

Mortgage

Purchase, refinance, build, improvements or finance a 2nd home

Auto Loans

We offer the most competitive rates and flexible repayment terms

RV Loans

Great loan rates for RV, snowmobile, boat, motorhome and trailer

Motorcycle

Whether two wheels or four, we make it fast and easy to apply for a loan

Personal Loans

Fixed rate, unsecured loan with no collateral requirements

Current rates
APR as low as*

1.99%

APR as low as*

3.65%

APR as low as*

3.61%

APR as low as*

5.85%

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.

Gap Insurance

Insure your outstanding loan balance with GAP (Guaranteed Asset Protection) coverage in case of a total loss or theft of your vehicle.

Financial Counseling

FCU members are eligible for FREE one-on-one financial counseling, debt management services and financial education.

Online Loan Pay
Payments can be made from your savings/checking account or debit/credit card. Set up one-time payments or schedule recurring payments.
Credit Insurance

Cancel or suspend your loan without penalty or added interest in the event of a major life event.

Lease Look Alike

Our Driving Sense Lease Look Alike gives you a typically lower monthly payment and can be done on new or used vehicles also.

Dealership Financing

Get GREAT Frankenmuth Credit Union financing right at your local dealership.

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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Debit Round Up

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.

TypeAPR* Rate**Term
as low asas low asmonths
2018 or newer2.912%%2.75%75
2017-20152.942%2.75%63
2014-20122.985%2.75%51
2011 and older3.054%%2.75%39
Antique Auto5.698%5.50%63
Driving Sense-Lease Look Alike2.942%2.75%63
Auto Loan Special1.99%1.99%48
2014 or newer, no loan app fee, new to FCU money only, must be member 90 days
*APR=Annual Percentage Rate. APR based on sample loan amount of $20,000, 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 with the exception of the 48 Month Auto Loan Special. Rates differ for members less than 90 days. Must meet FCU's normal underwriting qualifications for approval. 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. Interest will continue to accrue if no payment is made.

Effective Date: September 22, 2021

Driving SenseAPR*Rate**Term
as low asas low as
Model 5 Years Old & Newer Qualify2.881%2.50%up to 63 months
*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. Rates differ for members less than 90 days. Must meet FCU's normal underwriting qualifications for approval. 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: September 22, 2021

DescriptionAPR*Rate**Term
as low asas low as
ATV, Snowmobile, Lawn & Garden, Jet Skies, or Trailer3.618%3.50%Contact Us
Rates may vary depending on credit score and length of membership with FCU.
RV, Boat, Travel Trailer, or Plane3.618%3.50%Contact Us
Rates may vary depending on credit score and length of membership with FCU.
Summer Fun Loan Special**3.652%3.25%APR60 months max, $10,000 max loan, must have direct deposit and auto pay. Good for RV's, Campers and Fifth Wheels, Boats, Jet Skis, ATVs, Side-by-Sides, 4 Wheelers and more
*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. Rates differ for members less than 90 days. 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. **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.

Effective Date: September 22, 2021

DescriptionAPR*Rate**Term
as low asas low asMonth Repayment Option
Personal Signature Loan6.610%5.99%39 Months
Home Improvement Loans
Unsecured Home Improvement Loan9.908%9.50%63-120 Months Contact Us.
Secured Home Improvement Loan8.655%8.25%63-120 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. Rates may differ for members less than 90 days. Must meet FCU's normal underwriting qualifications for approval. 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: September 22, 2021

DescriptionAPR*Rate**Term
as low asas low asMonth Repayment Option
Be Happy Loan5.85%3.99%12 month
Be Happy Loan5.965% 4.99% 24 months
Be Happy Loan6.166% 5.50%36 month
Be Happy Loan7.01%6.50%48 months
Be Happy Loan7.16%6.75%60 months
*APR=Annual Percentage Rate.
**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. Any Reason Loan applies to new loan money only.
Effective Date: September 22, 2021

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.