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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Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61756 |
| Year Chartered | 1961 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.05% |
| Return on Equity - YTD | 8.33% |
| Annual Interest Income | $599.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $29.3MM$30.9MM |
| Loans | Q2 2019vs Q2 2018 | $19.1MM$19.0MM |
| Deposits | Q2 2019vs Q2 2018 | $25.6MM$27.5MM |
| Equity Capital | Q2 2019vs Q2 2018 | $3.7MM$3.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $182.00K$198.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $78.00K$114.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $51.00K$53.00K |
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
3.00% APY - 48-month CD
3.25% APY - 60-month CD
$5,000 minimum opening deposit
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 | |
|---|---|---|---|---|---|
| 0.60%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.40% → $10k - $60k | 0.50% → $60k - $100k | |||||
First Area CU (MI) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
| First Area CU (MI) Locations | ||
|---|---|---|
| Branch Office | 16630 Gratiot Rd | Hemlock, MI 48626 |
| Branch Office | 193 Campbell Ln | Saginaw, MI 48609 |