First Area CU (MI) is headquartered in Saginaw and is the 161st largest credit union in the state of Michigan. It is also the 2,727th largest credit union in the nation. It was established in 1961 and as of December of 2020, it had grown to 7 employees and 3,560 members at 2 locations. First Area CU (MI) has a B+ health rating.
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
Overall | |
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NCUA # | 61756 |
Year Chartered | 1961 |
Employees | 7 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.2% |
Return on Equity - YTD | 1.95% |
Annual Interest Income | $1.1MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $38.4MM$30.5MM |
Loans | Q4 2020vs Q4 2019 | $16.6MM$18.5MM |
Deposits | Q4 2020vs Q4 2019 | $34.5MM$26.7MM |
Equity Capital | Q4 2020vs Q4 2019 | $3.8MM$3.7MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $140.00K$195.00K |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $69.00K$194.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not First Area CU (MI); we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $25 | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.40%* | $100k* | - | Money Market | ||
OTHER TIERS: 0.20% → $10k - $60k | 0.30% → $60k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.85% | $500 | - | 60 Month CD | |
0.70% | $500 | - | 48 Month CD | |
0.60% | $500 | - | 36 Month CD | |
0.50% | $500 | - | 24 Month CD | |
0.40% | $500 | - | 12 Month CD |
First Area CU (MI) Locations | ||
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Branch Office | 16630 Gratiot Rd | Hemlock, MI 48626 |
Branch Office | 193 Campbell Ln | Saginaw, MI 48609 |