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Overview / Commentary
888-356-4930
193 Campbell Ln
Saginaw, MI 48609

First Area CU (MI) is headquartered in Saginaw and is the 174th largest credit union in the state of Michigan. It is also the 2,983rd largest credit union in the nation. It was established in 1961 and as of June of 2016, it had grown to 7 employees and 3,895 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.
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Health
B
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 - YTD0.29%
Return on Equity - YTD2.43%
Annual Interest Income$500.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$28.7MM$28.9MM
LoansQ2 2016vs Q2 2015$19.0MM$18.6MM
DepositsQ2 2016vs Q2 2015$25.3MM$25.6MM
Equity CapitalQ2 2016vs Q2 2015$3.4MM$3.3MM
Loan Loss AllowanceQ2 2016vs Q2 2015$118.00K$72.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$58.00K$72.00K
Real Estate OwnedQ2 2016vs Q2 2015$117.00K$126.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$25-Savings Account

First Area CU (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Money Market
OTHER TIERS: 0.25% $10k - $60k | 0.35% $60k - $100k

First Area CU (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


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