First Area CU (MI)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.50%	5-year CD	3.10% - American Express National Bank 60 Month CD
0.50%	1-year CD	1.30% - National Average
0.20%	Savings	2.10% - American Express National Bank High Yield Savings Account

View all First Area CU (MI) rates »

Overview / Commentary

www.firstareacu.com

888-356-4930

193 Campbell Ln
Saginaw, MI 48609

First Area CU (MI) is headquartered in Saginaw and is the 168^th largest credit union in the state of Michigan. It is also the 2,897^th largest credit union in the nation. It was established in 1961 and as of September of 2018, it had grown to 7 employees and 3,903 members at 2 locations. First Area CU (MI) has a B health rating.

Field of Membership Restrictions

First Area Credit Union of Michigan is open to the residents, church members, registered students, and people that maintain employment within Saginaw County and the family members of current credit union members.
See current membership details

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Health

Data as of Q3 2018

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Area CU (MI) has a low asset base.

Health Grade Components

Overall
NCUA #	61756
Year Chartered	1961
Employees	7
Primary Regulator

Profit Margin
Return on Assets - YTD	0.16%
Return on Equity - YTD	1.44%
Annual Interest Income	$863.00K

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$29.8MM$30.6MM
Loans	Q3 2018vs Q3 2017	$19.0MM$18.8MM
Deposits	Q3 2018vs Q3 2017	$26.5MM$27.1MM
Equity Capital	Q3 2018vs Q3 2017	$3.3MM$3.5MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$224.00K$171.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$65.00K$164.00K
Real Estate Owned	Q3 2018vs Q3 2017	$0$53.00K

Rates

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Money Market
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Area CU (MI) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$25	-	Savings Account

First Area CU (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.45%^*	$100k^*	-	Money Market
OTHER TIERS: 0.25% → $10k - $60k \| 0.35% → $60k - $100k

First Area CU (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	60 Month CD
1.10%	$500	-	48 Month CD
0.90%	$500	-	36 Month CD
0.70%	$500	-	24 Month CD
0.50%	$500	-	12 Month CD

First Area CU (MI) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	60 Month IRA
1.10%	$500	-	48 Month IRA
0.90%	$500	-	36 Month IRA
0.70%	$500	-	24 Month IRA
0.50%	$500	-	12 Month IRA

Locations

First Area CU (MI) Locations
Branch Office	16630 Gratiot Rd	Hemlock, MI 48626
Branch Office	193 Campbell Ln	Saginaw, MI 48609

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