Rates



Unlock 1% off your rate on select new loans

Make the most of your financing experience with Loyalty Rate Discounts. By opting for direct deposit and auto pay, you now get 1% off loan rates (previously 0.50%)  on new or used cars, trucks, boats, RVs, and more.

Apply for a loan online, at any Financial Plus location, and at most dealerships. Just be sure to mention you are a member at Financial Plus.


Loan Rates

As of 11/1/2023

Vehicles

Term & Model Year Everyday Rate/APR* Rate/APR* with Loyalty Discount**
Up to 48 months (2023-2019) as low as 7.79% as low as 6.79%
Up to 60 months (2023-2019) as low as 8.14% as low as 7.14%
Up to 75 months (2023-2019) as low as 8.34% as low as 7.34%
Up to 84 months (2023-2019) as low as 8.94% as low as 7.94%
Up to 60 months (2018-2015) as low as 8.44% as low as 7.44%
Up to 72 months (2018-2015) as low as 8.94% as low as 7.94%
Up to 60 months (2014 & older) as low as 9.84% as low as 8.84%


Motorcycles

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
Up to 60 months (under $7,500) as low as 8.24% as low as 7.24%
Up to 72 months (over $7,500) as low as 8.49% as low as 7.49%
Up to 96 months (over $12,500) as low as 8.99% as low as 7.99%
Up to 120 months (New - over $20,000) as low as 9.24% as low as 8.24%


Boat

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
Up to 60 months (under $7,500) as low as 7.79% as low as 6.79%
Up to 72 months (over $7,500) as low as 8.04% as low as 7.04%
Up to 96 months (over $12,500) as low as 8.64% as low as 7.64%
Up to 144 months (over $20,000) as low as 8.99% as low as 7.99%
Up to 180 months^ (over $30,000) as low as 9.24% as low as 8.24%
Up to 240 months^^ (over $75,000) as low as 9.54% as low as 8.54%

^180 month term requires 10% down.
^^240 month term requires 10% down.


Travel Trailer/Motor Homes

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
Up to 60 months (under $7,500) as low as 7.79% as low as 6.79%
Up to 72 months (over $7,500) as low as 8.04% as low as 7.04%
Up to 96 months (over $12,500) as low as 8.64% as low as 7.64%
Up to 144 months (over $20,000) as low as 8.99% as low as 7.99%
Up to 180 months (over $30,000) as low as 9.24% as low as 8.24%
Up to 240 months^ (over $75,000) as low as 9.54% as low as 8.54%
^240 month term requires 10% down.

ATVs, Snowmobiles, PWCs, Misc. Equipment

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
Up to 48 Months (used - under $5,000) as low as 9.24% as low as 8.24%
Up to 60 Months (used - over $5,000) as low as 9.24% as low as 8.24%
Up to 72 Months (new) as low as 9.49% as low as 8.49%
Up to 96 Months (Side by Sides - new) (min. $25,000 MSRP) as low as 9.49% as low as 8.49%


Mortgage Loans

Term Everyday Rate/APR*
Fixed - 10 to 30 year mortgages up to $726,200 Click here for current rates
MSHDA (Michigan State Housing Development Authority) Click here for current rates
Jumbo Loans - 15 to 30 year mortgages over $726,200 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 95% - up to 180 Months) Click here for current rates
Home Equity Line of Credit Click here for current rates


Unsecured Personal Loans

Term Everyday Rate/APR* Rate/APR* with Loyalty Discount**
Benefits Plus Discounted Rate (up to 12 months) as low as 12.49% (Not applicable)
Winter WonderLoan (up to 12 months) as low as 12.99% as low as 11.99%
Personal Loan Unsecured (up to 24 Months) as low as 12.99% as low as 11.99%
Personal Loan Unsecured (up to 48 Months) as low as 13.24% as low as 12.24%
Personal Loan Unsecured (up to 60 Months) as low as 13.49% as low as 12.49%
Personal Loan Unsecured (up to 72 Months) as low as 13.99% as low as 12.99%
Personal Loan Unsecured (up to 84 Months) as low as 14.49% as low as 13.49%
Fresh Start Debt Consolidation as low as 13.24   % as low as 12.24  %
Home Improvement without Mortgage (up to 84 months) as low as 13.99% as low as 12.99% 


Visa Platinum Credit Card 1% Cash Back

Term Everyday Rate/APR*
Visa Platinum Credit Card - Purchases as low as 15.50%
Visa Platinum Credit Card - Cash Advances as low as 18.00%


Other Loans

Term Everyday Rate/APR*
Personal Pocketbook Line of Credit (Variable Rate) as low as 15.00%
Overdraft Protection Line of Credit 14.99%
Loan secured by Pledge of Shares 2.00%
Loan secured by Pledge of Certificates Certificate rate + 2.00%

*APR=Annual Percentage Rate. 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 11/1/2023
 

Certificates

 Term Dividend Rate APY*
30-89 Days ($10,000 minimum)^ 0.20% 0.20%
90-179 Days ($10,000 minimum)^ 0.20% 0.20%
6 Months ($500 minimum) 0.996% 1.00%
12 Months ($500 minimum) 3.844% 3.90%
18 Months ($500 minimum) 3.455% 3.50%
24 Months ($500 minimum) 3.358% 3.40%
30 Months ($500 minimum) 3.260% 3.30%
36 Months ($500 minimum) 3.260% 3.30%
42 Months ($500 minimum) 3.260% 3.30%
48 Months ($500 minimum) 3.260% 3.30%
60 Months ($500 minimum) 3.260% 3.30%


Savings Accounts


Dividend Rate* APY**
Regular & Misc. Shares (00-08) -Daily account balances >$3,000 0.05% 0.05%
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 - $1,499 0.05% 0.05%
Regular & Misc. Shares (00-08) -Daily account balances <$500** 0.05% 0.05%
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

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 0.399% 0.40%
Daily account balances $15,000-$24,999 0.598% 0.60%
Daily account balances $25,000 - $49,999 0.797% 0.80%
Daily account balances $50,000 - $99,999 0.995% 1.00%
Daily account balances $100,000 - $249,999 0.995% 1.00%
Daily account balances $250,000 - $499,999 0.995% 1.00%
Daily account balances $500,000 and more 0.995% 1.00%

Checking


Dividend Rate* APY**
Go-To Checking - Daily account balances up to $10,000 4.07% 4.15%
Go-To Checking - Daily account balances >$10,000† 0.05% 0.05%
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%
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.
 
†Only applicable to legacy accounts as of 7/1/23