Introduction to Frankenmuth Credit Union

First chartered in 1964, Frankenmuth Credit Union is one of 209 credit unions that are based in the state of Michigan and also one of the largest credit unions in the country. Credit unions operating in Michigan have a total of $92 billion of assets and 5.8 million members. Overall, the state is the 6th most popular state in the country for credit unions. The National Credit Union Administration (NCUA) insures deposits at credit unions in addition to regulating and supervising them. The NCUA was formed by the U.S. Congress in 1970. The company has a total of 27 branches and employs a total of 345 employees.

Details on the Credit Union’s Balance Sheet

The credit union has total assets of $1,028 million. It has a deposit base of $904 million which works out to $14,990 of deposits per member compared with the state-wide average of $13,823 and national average of $13,594. Frankenmuth Credit Union also has net loans outstanding of $769 million. The average credit union in Frankenmuth Credit Union’s peer set has a loan to deposit ratio of approximately 74%. In comparison, Frankenmuth Credit Union has a loan to deposit ratio of 85% which is clearly higher than the peer set. A lower ratio is generally better as it indicates that the lending activities of a credit union are more comfortably covered by its deposit base. Deposits are often the most cost effective source of funding for banks and credit unions. Lastly, Frankenmuth Credit Union’s loan portfolio mainly consists of mortgages and lines of credit and auto loans which represent 39% and 27% of its loan book and had outstanding balances of $298 million and $207 million, respectively.

Contact and Other Helpful Information

  • Main Office Address: Po Box 209, Frankenmuth, MI 48734
  • Website:
  • Phone: (989) 497-1600
  • Charter Number: 61755
  • Charter Year: 1964
  • Employees: 345
  • Routing Number: 272480131
  • Membership: Credit unions in the state of Michigan have an average membership base of 27,640 compared with Frankenmuth Credit Union which has total members of 60,281. Over the past three years, the credit union’s total base of members has increased by 32%.

Frankenmuth Credit Union: Financial Overview

frankenmuth credit union-balance-sheet-metrics The above chart summarizes the trends in key balance sheet items for Frankenmuth Credit Union. First off, it is noteworthy that across the board, all four items have increased over the past year. The credit union’s assets have increased by 18.4% while its total loans have expanded by 18.9%. In addition, the company’s mortgages and lines of credit have grown by 41.0% while its deposits have expanded by 47.9%. ‘Net worth’ is a good way to assess the long-term performance of a credit union as it represents the accumulated value of the entity over time. Importantly this is value that accrues to the credit union’s owners: its members. Frankenmuth Credit Union has a total net worth of $98 million. This implies that the credit union has a net worth per member of $1,628 which is approximately inline with the national average of $1,606.

Overview of the Credit Union’s Performance Metrics

frankenmuth credit union-selected-performance-metrics The above chart shows some of the important metrics we look at when assessing a credit union, and compares these to the average credit union of comparable size. It also shows how these metrics have fared over the past year. Starting with the company’s return on assets, on this metric Frankenmuth Credit Union is well above the average credit union in its peer set and over the past year ROA has improved substantially with a total change of 0.39%. Return on assets tells us how productive a company is being with its asset base. We look at the delinquency rate within a loan portfolio as a way to assess the performance and quality of a credit union’s loan book. A lower delinquency rate indicates a better performing portfolio. Frankenmuth Credit Union has a delinquency rate that is approximately inline with its peer group average and when compared with the prior year, we can see that it has improved. The net worth ratio for the credit union is 9.6% and has improved substantially compared with the prior year figure of 9.0%. The credit union is also below its peer group average of 9.8% on this metric. Finally, based on the NCUA guidelines, the company’s net worth ratio would classify it as well capitalized.


Ultimately, after considering all of the relevant factors we rate Frankenmuth Credit Union 3.4 out of 5.0, which is very good. Importantly, please be aware that none of the information presented is meant to be investment advice or advice of any form. All of the information and views expressed in this note and on this site are purely for informational purposes.

Other Credit Unions in Michigan

Credit Union Name Website Total Members
Lake Michigan 431,725
MSUF 321,315
Genisys 249,535
DFCU Financial 232,424
United 190,986
Wildfire Credit Union 49,780
Embers Credit Union 29,923
Our Credit Union 22,794
Gerber Federal Credit Union 16,332
Parda Federal Credit Union 15,305
Peninsula Federal Credit Union 13,832
Filer Credit Union 10,713
GLFFCU 8,681
Aeroquip Credit Union 3,946
Tri Cities Credit Union 3,929
Grand Trunk Credit Union 2,730