Sep, 30, 2025 — FREESTAR FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CLINTON TOWNSHIP, MI with 8 branch locations and about $325.54 million in total assets. Opened 69 years ago in 1957, FREESTAR FINANCIAL CREDIT UNION has about 22,551 members and employs 72 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FREESTAR FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 37570 S Gratiot Ave CLINTON TOWNSHIP, MI 48036 |
| Phone: | (586) 466-7800 |
| Fax: | (586) 468-6881 |
| Website: | https://www.freestarfinancial.com |
| Branches: | 8 branch locations |
| Members: | 22,551 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60406 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $325,539,971 |
| CEO/Manager: | Drema D Isaac |
| Chairperson: | Raymond W White Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,855,370 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,925,101 |
| Unsecured Loans | 20,672,353 |
| Other Loans | 84,975,010 |
| TOTAL LOANS | 207,661,328 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,700,928 |
| Land And Building | 10,957,655 |
| Other Fixed Assets | 2,166,400 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,693,790 |
| All Other Assets | 40,000 |
| TOTAL ASSETS | 325,539,971 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 5,268,511 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,403,275 |
| Regular shares | 95,354,573 |
| All Other Shares & Deposits | 135,865,439 |
| TOTAL SHARES & DEPOSITS | 287,623,287 |
| TOTAL LIABILITIES | 295,891,798 |
| Regular Reserve | 0 |
| Other Reserves | 5,774,532 |
| Undivided Earnings | 23,873,641 |
| TOTAL EQUITY | 29,648,173 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 325,539,971 |
| INCOME & EXPENSE | |
| Loan Income | 9,404,654 |
| Investment Income | 2,200,613 |
| Other Income | 2,567,331 |
| Total Employee Compensation & Benefits | 4,771,719 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,991,495 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 834,113 |
| Cost of Funds | 2,925,599 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 650,089 |
| ↑ Back to Top | |