A Michigan-based credit union with locations all over the Great Lakes Bay Region is opening its first Midland branch.
Frankenmuth Credit Union is slated to open in Midland’s Center City district in early September 2018. The credit union is currently renovating the building at the corner of Saginaw and Rodd roads, a mid-century modern building designed by Midland’s favorite architect-son Alden B. Dow.
This will be the 21st branch for the Frankenmuth-based credit union.
According to FCU Marketing Manager Jenny Bickel, a new branch is being built in Midland because of the city’s already large membership base. The Center City location allows FCU to better serve its customers here.
"Frankenmuth Credit Union puts in a lot of hours of study before we consider opening a branch in a new community. We want to make sure the community is a good fit, for all Frankenmuth Credit Union can bring to the table," Bickel tells Catalyst via email.
"We look at where our present members are located, what options there are for us to be located at, and the demographics of the area. Frankenmuth Credit Union’s number one job is the service we provide for our members and if it is good move for our financial cooperative."
FCU has hired five employees to prepare the opening of the new branch.
Anyone that lives, works, worships, or was educated in the state of Michigan is eligible to join the credit union, which currently has more than 44,000 members.
The credit union got its start in 1964, when it was organized by the employees of Frankenmuth’s Carling Brewery. In the beginning, only the brewers and millers of Carling Brewery, Zeilinger Beverage, Geyer's Brewery, and Star of the West Milling could join the credit union. FCU opened membership to the community in 1969.
The newest branch of Frankenmuth Credit Union is located at 401 S. Saginaw Rd. in Midland’s Center City district.
Got a development news story to share? Email MJ Galbraith here or send him a tweet @mikegalbraith.