Freestar Financial Credit Union

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A short history of Freestar Financial CU

Since its inception in 1957 the Freestar Financial Credit Union has been serving its members in the MOUNT CLEMENS, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Drema Isaac, the Freestar Financial CU has grown its membership to over 19,801 with assets of more than $200,222,654. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (586) 466-7800 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MOUNT CLEMENS, MI.

General Information For Freestar Financial CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 60406
Address PO BOX 2800 
State Michigan 
Zip-Code 48046
Phone Number (586) 466-7800
Fax Number (586) 468-6881
Email Address:
CEO/President Drema Isaac
Members 19,801 
Full-Time Employees 57 
Part-Time Employees
Number of Branch Offices
Total Assets 200,222,654 

Compare Freestar Financial Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Michigan Schools And Government CU Livonia 20595 Farmington Rd 48046 (586) 263-8800 No 3.76
Motor City Co-op CU Roseville Office 27454 Gratiot Ave 48066 (586) 228-8484 No 4.12
Fme CU northville c/o hayes lemmerz 48168 (734) 737-5064 No 6.05
Christian Financial CU Center Line 8171 E 10 Mile Rd 48015 (586) 772-6330 No 7.03
Live Life CU sterling heights community federal credit union 34206 Van Dyke Ave 48312 (586) 268-3720 No 7.82

Freestar Financial Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Freestar Financial Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.90 2.24 2.74 4.50 4.40
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 452 56 70 205 155
Rank Among All Michigan Credit Unions 80 11 17 60 28

Freestar Financial Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 0.30 1.51 1.23
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 108 97 90 128
Rank Among All Michigan Credit Unions N/A 11 17 11 18
Freestar Financial Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9003,4426,794,555
All Other Unsecured Loans/Lines of Credit 9.9902,64311,874,555
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.24075712,243,997
Used Vehicle Loans 2.7405,16048,513,447
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.50057862,087,162
Total Other Real Estate Loans/Lines of Credit 4.40048113,094,429
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.42084511,365,513
TOTAL LOANS & LEASES 13,906165,973,658

Freestar Financial Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 23228,118,263386,299,011
    b. 15 Years or less 18014,478,054212,064,591
    a. > 15 years 3684,8391248,288
    b. 15 Years or less 336,797,18961,882,677
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 4551,0372673,913
Adjustable Rate > 1 yr 12611,457,78000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 48113,094,429602,266,450
Open-End Fixed Rate 0000
TOTALS 1,05975,181,59112813,434,930


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 3573,913573,913
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Freestar Financial Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes