Frankenmuth Credit Union store opens in Bad Ax

BAD AX – Residents of Huron County now have a new option to manage their financial needs.

Frankenmuth Credit Union opened a new location in Bad Ax along North Van Dyke Road on October 1. The location had been in development for a year.

Greg Dietrich, the marketing and community development coordinator for FCU, said the credit union always tries to reach out to its members in the thumb. Since its branches are important to those who live in rural areas, it made sense to open a new location in Huron County.

“Banks are moving from rural areas to more populated areas,” Dietrich said. ” They are rare. We want to fill this need.

There are currently three people working at the site, although more can be hired.

There are interactive ATMs similar to the ATMs found in regular banks. All of the financial products and services that can be found on other FCU sites, such as investment needs assistance, trust services, loans and mortgages, can be found on the Bad Ax site.

The mobile branch of the credit union will still appear in different communities but does not have a set timeline for where it will appear. Dietrich said he is currently receiving updates and will continue to appear in the areas they serve in Huron, Tuscola, Saginaw and Bay counties.

Dietrich said the difference between a credit union and a regular bank is that the customers of the credit union are part owners of the credit union and they can have their voices heard about who they want. represent them on boards of directors.

Credit unions also have to earn their income from membership fees and interest on their products, which regular banks don’t have to do.

“Our savings are greater than that of a normal bank and there are no additional charges,” Dietrich said. “You can get a better deal on loan interest rates. “

Bad Ax lobby hours will be 9 a.m. to 5 p.m. Monday to Wednesday, 9:15 a.m. to 5 p.m. Thursday, and 9 a.m. to 6 p.m. Friday.

There was a groundbreaking ceremony for the new location on October 16 at 8 a.m., although it was not open to the public.

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