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Overview / Commentary
231-879-4154
638 Boyd St
Fife Lake, MI 49633-9333

Forest Area Federal Credit Union is headquartered in Fife Lake and is the 98th largest credit union in the state of Michigan. It is also the 1,555th largest credit union in the nation. It was established in 1983 and as of June of 2017, it had grown to 35 employees and 11,535 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
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Health
A+

Health Grade Components

Overall
NCUA #24047
Year Chartered1983
Employees35
Primary Regulator
Profit Margin
Return on Assets - YTD2.22%
Return on Equity - YTD14.75%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$106.0MM$99.8MM
LoansQ2 2017vs Q2 2016$44.7MM$45.8MM
DepositsQ2 2017vs Q2 2016$89.3MM$84.4MM
Equity CapitalQ2 2017vs Q2 2016$15.9MM$14.7MM
Loan Loss AllowanceQ2 2017vs Q2 2016$699.00K$922.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$142.00K$261.00K
Real Estate OwnedQ2 2017vs Q2 2016$154.00K$131.00K
Rates

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Locations


Forest Area Federal Credit Union Locations
Branch Office638 Boyd StFife Lake, MI 49633-9333
Branch Office6966 Cougar TrlKingsley, MI 49649-8302
Branch Office516 N Michigan AveManton, MI 49663-9145
Branch Office782 S Cedar StKalkaska, MI 49646-9460
Branch Office409 W Mile Rd NWKalkaska, MI 49646-8914