Forest Area Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.02% | 5-year CD | 60 Month CD |
| 0.90% | 1-year CD | 12 Month CD 2.45% - Synchrony Bank 12 Month CD |
| 0.20% | Savings | Regular Shares |
Forest Area Federal Credit Union is headquartered in Fife Lake and is the 96th largest credit union in the state of Michigan. It is also the 1,542nd largest credit union in the nation. It was established in 1983 and as of June of 2018, it had grown to 39 employees and 11,879 members at 5 locations. Forest Area Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, regularly work, worship, or attend school in and businesses and other legal entities or immediate family members located in Kalkaska County, Michigan, Wexford County, Michigan, the townships of Union, Fife Lake, Paradise, Grant, and Mayfield of Grand Traverse County, Michigan, and Mancelona Township of Antrim County
See current membership details
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24047 |
| Year Chartered | 1983 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 4.41% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $109.6MM$106.0MM |
| Loans | Q2 2018vs Q2 2017 | $52.8MM$44.7MM |
| Deposits | Q2 2018vs Q2 2017 | $92.9MM$89.3MM |
| Equity Capital | Q2 2018vs Q2 2017 | $16.1MM$15.9MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $621.00K$699.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $424.00K$142.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $35.00K$154.00K |
Always verify rates and promotions with the bank or credit union. We are not Forest Area Federal Credit Union; 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.
Forest Area Federal Credit Union Savings Account Rates
Forest Area Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | $500 | - | 60 Month CD | |
| 1.61% | $500 | - | 48 Month CD | |
| 1.21% | $500 | - | 36 Month CD | |
| 1.01% | $500 | - | 24 Month CD | |
| 0.90% | $500 | - | 12 Month CD | |
| 0.35% | $500 | - | 6 Month CD |
| Forest Area Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 638 Boyd St | Fife Lake, MI 49633-9333 |
| Branch Office | 6966 Cougar Trl | Kingsley, MI 49649-8302 |
| Branch Office | 516 N Michigan Ave | Manton, MI 49663-9145 |
| Branch Office | 782 S Cedar St | Kalkaska, MI 49646-9460 |
| Branch Office | 409 W Mile Rd NW | Kalkaska, MI 49646-8914 |