Forest Area Federal Credit Union

Overview | Eligibility Requirements | Receive alerts for this credit union

LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

forestarea.com

231-879-4154

638 Boyd St
Fife Lake, MI 49633

Forest Area Federal Credit Union is headquartered in Fife Lake and is the 65^th largest credit union in the state of Michigan. It is also the 1,057^th largest credit union in the nation. It was established in 1983 and as of March of 2025, it had grown to 66 employees and 20,143 members at 7 locations. Forest Area Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership to Forest Area Federal Credit Union is offered to businesses or other legal entities, and those who live, work, worship, or attend school in the Michigan counties of Antrim, Crawford, Grand Traverse, Kalkaska, Missaukee, or Wexford.
See current membership details

Reviews

Write a Review

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

Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24047
Year Chartered	1983
Employees	66
Primary Regulator

Profit Margin
Return on Assets - YTD	1.39%
Return on Equity - YTD	12.21%
Annual Interest Income	$4.1MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$289.1MM$253.9MM
Loans	Q1 2025vs Q1 2024	$186.7MM$178.9MM
Deposits	Q1 2025vs Q1 2024	$255MM$224.6MM
Equity Capital	Q1 2025vs Q1 2024	$32MM$27.4MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.8MM$1.3MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$2.5MM$1.3MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for Forest Area Federal Credit Union.

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	314 W Main St	Manton, MI 49663-8050
Branch Office	409 W Mile Rd NW	Kalkaska, MI 49646-8914
Branch Office	101 Mesick Ave	Mesick, MI 49668
Branch Office	101 N Main St	Lake City, MI 49651
Corporate Office	6954 US Highway 131	Fife Lake, MI 49633-9765

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.