Rates

Enjoy low loan rates with Loyalty Discounts!**

Receive discounts up to 0.50% when you apply online, at any Financial Plus location, and at most dealerships. Just be sure to mention you are a member at Financial Plus.

  • Existing Financial Plus member receive a discount of 0.10%
  • Members with a checking with direct deposit and auto pay receive a discount of 0.40%


Loan Rates

As of 10/26/2021

Vehicles

Model Year

Term (Months)

Everyday Rate/APR*

Rate/APR* with Loyalty Discount**

2021-2016 48 as low as 2.24% as low as 1.74%
2021-2016 60 as low as 2.49% as low as 1.99%
2021-2016 75 as low as 3.39% as low as 2.89%
2021-2016 84 as low as 3.99% as low as 3.49%
2015-2012 60 as low as 3.24% as low as 2.74%
2015-2012 72 as low as 4.14% as low as 3.64%
2011 & older 60 as low as 5.14% as low as 4.64%


Motorcycles

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
60 months (under $7,500) as low as 3.49% as low as 2.99%
72 months (over $7,500) as low as 3.74% as low as 3.24%
96 months (over $12,500) as low as 4.24% as low as 3.74%
120 months (New - over $20,000) as low as 4.49% as low as 3.99%


Boat

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
60 months (under $7,500) as low as 3.99% as low as 3.49%
72 months (over $7,500) as low as 4.24% as low as 3.74%
96 months (over $12,500) as low as 4.24% as low as 3.74%
144 months (over $20,000) as low as 4.24% as low as 3.74%
180 months^ (over $30,000) as low as 4.24% as low as 3.74%

^180 month term requires 10% down.


Travel Trailer/Motor Homes

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
60 months (under $7,500) as low as 4.24% as low as 3.74%
72 months (over $7,500) as low as 4.49% as low as 3.99%
96 months (over $12,500) as low as 4.99% as low as 4.49%
144 months (over $20,000) as low as 5.24% as low as 4.74%
180 months (over $30,000) as low as 5.49% as low as 4.99%


ATVs, Snowmobiles, PWCs, Misc. Equipment

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
48 Months (used - under $5,000) as low as 4.49% as low as 3.99%
60 Months (used - over $5,000) as low as 4.49% as low as 3.99%
72 Months (new) as low as 4.74% as low as 4.24%
96 Months (Side by Sides - new) (min. $25,000 MSRP) as low as 4.99% as low as 4.49%


Mortgage Loans

Term Everyday Rate/APR*
Fixed - 10 to 30 year mortgages up to $548,250 Click here for current rates
MSHDA (Michigan State Housing Development Authority) Click here for current rates
Jumbo Loans - 15 to 30 year mortgages over $548,250 For rates, please contact the Financial Plus Mortgage Department at 810-244-2134.
Rural Development (RD) Click here for current rates
Federal Housing Administration (FHA) Click here for current rates

*APR = Annual Percentage Rate. Equal Housing Opportunity. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. See Credit Union for full details. NMLS License # 586579


Home Equity Loans

Term Everyday Rate/APR*
Home Equity Fixed-Rate Loan (Loan to Value up to 90% - up to 180 Months) Click here for current rates
Home Equity Line of Credit Click here for current rates


Unsecured Loans

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
Benefits Plus Discounted Rate (up to 12 months) as low as 7.49% (Not applicable)
Sun Money Loan (up to 12 months) as low as 7.99% as low as 7.49%
Unsecured (up to 60 Months) as low as 8.49% as low as 7.99%
Fresh Start (up to 72 Months) as low as 8.24% as low as 7.74%
Home Improvement without Mortgage (up to 84 months) as low as 7.99% as low as 7.49% 


Visa Platinum Credit Card 1% Cash Back

Term Everyday Rate/APR*
VISA Platinum Credit Card - Purchases as low as 10.25%
VISA Platinum Credit Card - Cash Advances as low as 13.25%


Other Loans

Term Everyday Rate/APR*
Personal Pocketbook Line of Credit (Variable Rate) as low as 10.00%
Overdraft Protection Line of Credit 12.50%
Loan secured by Pledge of Shares 2.00%
Loan secured by Pledge of Certificates Certificate rate + 2.00%

*APR=Annual Percentage Rate. Equal opportunity lender. Rates, terms, and conditions are subject to change and may vary based on creditworthiness.
**Refinances of eligible Financial Plus Credit Union loan(s) qualify for member discount at today’s rates. The Loyalty Discounts exclude lines of credit, mortgage, home equity, commercial and other unsecured loans. Direct Deposit of the payroll is required. If Direct Deposit and Auto Pay requirements are not maintained, you may be subject to a Direct Deposit/Auto Pay Cancellation Fee in the amount of $125.00. Some restrictions apply. See Credit Union for complete details.
 
 

Savings Rates

As of 10/26/2021
 

Certificates

 Term Dividend Rate APY*
30-89 Days ($10,000 minimum)^ .10% .10%
90-179 Days ($10,000 minimum)^ .10% .10%
6 Months ($500 minimum) .10% .10%
12 Months ($500 minimum) .20% .20%
18 Months ($500 minimum) .20% .20%
18 Months Special Founders Club & Benefits Plus Only - ($500 minimum) .25% .25%
24 Months ($500 minimum) .30% .30%
24 Months Start-N-Grow ($300 minimum)^^ .30% .30%
30 Months ($500 minimum) .30% .30%
36 Months ($500 minimum) .45% .45%
42 Months ($500 minimum) .50% .50%
48 Months ($500 minimum) .60% .60%
60 Months ($500 minimum) .70% .70%


Savings Accounts


Dividend Rate* APY**
Regular & Misc. Shares (00-08) -Daily account balances $500 - $1,499 0.01% 0.01%
Regular & Misc. Shares (00-08) -Daily account balances $1,500 - $2,999 0.05% 0.05%
Regular & Misc. Shares (00-08) -Daily account balances <$500** 0.01% 0.01%
Christmas Club Savings (20) 0.05% 0.05%
IRA and Roth IRA Savings 0.10% 0.10%
Coverdell Education Savings Account (ESA) 0.10% 0.10%
Loan Share Secured None None
Escrow Savings None None
Regular & Misc. Shares (00-08) -Daily account balances >$3,000 0.05% 0.05%

High Yield Plus Money Market Account


Dividend Rate* APY**
Daily account balances <$1,500 0.00% 0.00%
Daily account balances $1,500-$14,999 0.10% 0.10%
Daily account balances $15,000-$24,999 0.15% 0.15%
Daily account balances $25,000 - $49,999 0.20% 0.20%
Daily account balances $50,000 - $99,999 0.25% 0.25%
Daily account balances $100,000 - $249,999 0.30% 0.30%
Daily account balances $250,000 - $499,999 0.30% 0.30%
Daily account balances $500,000 and more 0.30% 0.30%

Checking


Dividend Rate* APY**
Elite Checking - Daily account balances up to $10,000 4.07% 4.15%
Elite Checking - Daily account balances >$10,000 0.05% 0.05%
High-Rate Checking 0.20% 0.20%
Tiered-Rate Checking - Daily account balances <$1,000 None None
Tiered-Rate Checking - Daily account balances $1,000 - $4,999 0.10% 0.10%
Tiered-Rate Checking - Daily account balances $5,000 - $9,999 0.15% 0.15%
Tiered-Rate Checking - Daily account balances >$10,000 0.20% 0.20%
myCollege Checking 0.15% 0.15%
E-Checking - Daily account balances <$500 None None
E-Checking - Daily account balances >$500 0.15% 0.15%
Free Checking None None


*This is the anticipated dividend rate for the current month.

**APY = Annual Percentage Yield. Rates are subject to change without notice.

^Certificate does not apply to IRA or ESA accounts.

^^Minimum transfer of $50.00/mo, but not more than $300.00/mo required. No manual transfers allowed and no catch up for unavailability of funds. Transfers may be discontinued at any time.