Forest Area Credit Union

Forest Area Credit Union is headquartered in Fife Lake and is the 98^th largest credit union in the state of Michigan. It is also the 1,551^st largest credit union in the nation. It was established in 1983 and as of December of 2011, it had grown to 31 employees and 10,985 members. Forest Area Credit Union's savings rates are 2X the national average, and it has a 4-star health rating.

Forest Area Credit Union Savings Account Rates

Forest Area Credit Union CD Rates

Data for Q4 2011

Institution Statistics FOREST AREA NCUA # 24047 BankRate Report View Year Chartered 1983 Employees 31 Primary Regulator Assets and Liabilities Assets $86.42 million Loans $48.57 million Deposits $74.63 million Equity Capital $11.11 million Loan Loss Allowance $889,000 Unbacked Noncurrent Loans $1.99 million Real Estate Owned $334,000 Historic Data - December 2010 Assets $79.41 million Equity Capital $10.74 million Loan Loss Allowance $732,000 Unbacked Noncurrent Loans $1.90 million Real Estate Owned $95,000 Profit Margin - Quarterly Net Interest Margin 5.67% Return on Assets 0.42% Return on Equity 3.28% Interest Income $3.95 million Non-Interest Income $986,000

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Forest Area Credit Union had $2.33 million in non-current loans and owned real-estate with $12 million in equity and loan loss allowances on hand to cover it. This gives Forest Area Credit Union a Texas Ratio of 19.38% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Forest Area Credit Union held steady from 17.38% as of December 31, 2010 to 19.38% as of December 31, 2011, resulting in a negative change of 11.57%. This indicates that the balance sheet and financial strength for Forest Area Credit Union has held steady in recent periods. Deposit Growth In the past year, Forest Area Credit Union has increased its total deposits by $6.5 million, resulting in 9.55% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Forest Area Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Forest Area Credit Union has $86.42 million in assets with $12 million in equity, resulting in a capitalization level of 13.88%, which is excellent.

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