The Frankenmuth Credit Union is a home equity loan from Frankenmuth Credit Union. The ongoing APR is rate not published (Contact Us). Loan terms: max term 15 years, or 30-year amortization with 15-year balloon. Use the Equity in your home to pay off debt, do home improvements or refinance your home. We have fixed home equity options or line of credit home equity options that let you pay down and then kick it back in when you need it. Apply today!