First Area CU (MI)


Overview / Commentary
989-781-1430
193 Campbell Ln
Saginaw, MI 48609

First Area CU (MI) is headquartered in Saginaw and is the 170th largest credit union in the state of Michigan. It is also the 2,920th largest credit union in the nation. It was established in 1961 and as of June of 2019, it had grown to 7 employees and 3,875 members at 2 locations. First Area CU (MI)'s CD rates are 39% higher than the national average, and it 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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3.25% APY, 60-Month CD - 10/23/2019

If you live in Saginaw County, Michigan, First Area Credit Union has good rates on two long-term CDs: 3.00% APY - 48-month CD 3.25% APY - 60-month CD $5,000 minimum opening deposit

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Health
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 Chartered1961
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD8.33%
Annual Interest Income$599.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$29.3MM$30.9MM
LoansQ2 2019vs Q2 2018$19.1MM$19.0MM
DepositsQ2 2019vs Q2 2018$25.6MM$27.5MM
Equity CapitalQ2 2019vs Q2 2018$3.7MM$3.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$182.00K$198.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$78.00K$114.00K
Real Estate OwnedQ2 2019vs Q2 2018$51.00K$53.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

3.25% APY, 60-Month CD

Carpline   |  
If you live in Saginaw County, Michigan, First Area Credit Union has good rates on two long-term CDs:

3.00% APY - 48-month CD
3.25% APY - 60-month CD

$5,000 minimum opening deposit

Rates
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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.

First Area CU (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$25-Savings Account

First Area CU (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Money Market
OTHER TIERS: 0.40% $10k - $60k | 0.50% $60k - $100k

First Area CU (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$500-60 Month CD
3.00%$500-48 Month CD
2.75%$500-36 Month CD
2.25%$500-24 Month CD
1.25%$500-12 Month CD
Locations


First Area CU (MI) Locations
Branch Office16630 Gratiot RdHemlock, MI 48626
Branch Office193 Campbell LnSaginaw, MI 48609

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