Forest Area Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.66%	5-year CD	60 Month CD 1.85% - Synchrony Bank 60 Month CD
0.65%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.20%	Savings	Sub Share Savings 1.00% - Ally Bank Online Savings Account

View all Forest Area Federal Credit Union rates »

Overview / Commentary

www.forestarea.com

231-879-4154

638 Boyd St
Fife Lake, MI 49633-9333

Forest Area Federal Credit Union is headquartered in Fife Lake and is the 101^st largest credit union in the state of Michigan. It is also the 1,579^th largest credit union in the nation. It was established in 1983 and as of June of 2016, it had grown to 35 employees and 11,317 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

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A

Data as of Q2 2016

Learn more about bank health

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. Forest Area Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	24047
Year Chartered	1983
Employees	35
Primary Regulator

Profit Margin
Return on Assets - YTD	0.66%
Return on Equity - YTD	4.48%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$99.8MM$97.3MM
Loans	Q2 2016vs Q2 2015	$45.8MM$46.5MM
Deposits	Q2 2016vs Q2 2015	$84.4MM$82.5MM
Equity Capital	Q2 2016vs Q2 2015	$14.7MM$14.1MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$922.00K$978.00K
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$261.00K$507.00K
Real Estate Owned	Q2 2016vs Q2 2015	$131.00K$413.00K

Rates

Skip to rates for:

Savings
CD

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
0.35%	-	-	Christmas Club
0.20%^*	$2,500^*	-	Share Savings
OTHER TIERS: 0.10% → Up to $500 \| 0.15% → $500 - $2,500
0.20%^*	$2,500^*	-	Sub Share Savings
OTHER TIERS: 0.10% → Up to $500 \| 0.15% → $500 - $2,500

Forest Area Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.66%	$500	-	60 Month CD
1.46%	$500	-	48 Month CD
1.36%	$500	-	36 Month CD
0.90%	$500	-	24 Month CD
0.65%	$500	-	12 Month CD
0.35%	$500	-	6 Month CD

Locations

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