First Area CU (MI)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.50% | 5-year CD | 2.27% - National Average |
| 0.50% | 1-year CD | 1.37% - National Average |
| 0.20% | Savings | 0.26% - National Average |
First Area CU (MI) is headquartered in Saginaw and is the 167th largest credit union in the state of Michigan. It is also the 2,871st largest credit union in the nation. It was established in 1961 and as of December of 2018, it had grown to 7 employees and 3,901 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
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61756 |
| Year Chartered | 1961 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 3.22% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $30.2MM$29.9MM |
| Loans | Q4 2018vs Q4 2017 | $18.8MM$18.6MM |
| Deposits | Q4 2018vs Q4 2017 | $26.8MM$26.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $3.4MM$3.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $218.00K$192.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $163.00K$200.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$53.00K |
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
| 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 | VIEW DETAILS |
|---|---|---|---|---|
| 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 | VIEW DETAILS |
|---|---|---|---|---|
| 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 |
| First Area CU (MI) Locations | ||
|---|---|---|
| Branch Office | 16630 Gratiot Rd | Hemlock, MI 48626 |
| Branch Office | 193 Campbell Ln | Saginaw, MI 48609 |