Sep, 30, 2025 — FRANKENMUTH CREDIT UNION is a federally insured state chartered credit union headquartered in FRANKENMUTH, MI with 31 branch locations and about $1.50 billion in total assets. Opened 62 years ago in 1964, FRANKENMUTH CREDIT UNION has about 76,433 members and employs 414 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRANKENMUTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 580 N Main St FRANKENMUTH, MI 48734 |
| Phone: | (989) 497-1600 |
| Fax: | (989) 497-1661 |
| Website: | https://www.frankenmuthcu.org |
| Branches: | 31 branch locations |
| Members: | 76,433 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61755 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,499,509,368 |
| CEO/Manager: | VICKIE J SCHMITZER |
| Chairperson: | Brian R Dixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 43,181,019 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,021,350 |
| Real Estate Loans | 577,519,316 |
| Unsecured Loans | 155,102,986 |
| Other Loans | 394,288,658 |
| TOTAL LOANS | 1,126,910,960 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,830,085 |
| Land And Building | 60,795,539 |
| Other Fixed Assets | 8,104,215 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,795,818 |
| All Other Assets | 812,805 |
| TOTAL ASSETS | 1,499,509,368 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,586,280 |
| Notes & Interest Payable | 584,696 |
| Accounts Payable & Other Liabilities | 12,900,546 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 260,529,832 |
| Regular shares | 170,724,811 |
| All Other Shares & Deposits | 901,545,192 |
| TOTAL SHARES & DEPOSITS | 1,332,799,835 |
| TOTAL LIABILITIES | 1,347,871,357 |
| Regular Reserve | 0 |
| Other Reserves | 7,467,176 |
| Undivided Earnings | 144,170,835 |
| TOTAL EQUITY | 151,638,011 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,499,509,368 |
| INCOME & EXPENSE | |
| Loan Income | 53,457,912 |
| Investment Income | 7,452,870 |
| Other Income | 6,036,223 |
| Total Employee Compensation & Benefits | 28,862,417 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 21,130,272 |
| Non-operating Income & (Expense) | -521,631 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,690,184 |
| Cost of Funds | 20,713,063 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,186,520 |
| ↑ Back to Top | |