2. Forest Area Federal Credit Union

Forest Area Federal Credit Union


Overview / Commentary
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 90th largest credit union in the state of Michigan. It is also the 1,483rd largest credit union in the nation. It was established in 1983 and as of June of 2019, it had grown to 42 employees and 13,086 members at 4 locations. Forest Area Federal Credit Union's CD rates are 23% higher than the national average, and it boasts 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 work, worship, attend school or live in Wexford, Missaukee, Kalkaska, Grand Traverse, Crawford or Antrim, Michigan.
See current membership details

Related Posts

Superior Checking, 4.07% APY, Up To $15,000 - 8/21/2019

New rewards checking account earning 4.07% APY on qualified balances up to $15,000. Complete at least 10 debit card transactions Sign-on to online banking at least 4 times Have a direct deposit of at least $100 Be enrolled in e-statements Available to residents of 6 northern Michigan counties.

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Health
A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #24047
Year Chartered1983
Employees42
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD1.89%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$119.1MM$109.6MM
LoansQ2 2019vs Q2 2018$70.8MM$52.8MM
DepositsQ2 2019vs Q2 2018$99.0MM$92.9MM
Equity CapitalQ2 2019vs Q2 2018$17.1MM$16.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$559.00K$621.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$231.00K$424.00K
Real Estate OwnedQ2 2019vs Q2 2018$97.00K$35.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Superior Checking, 4.07% APY, Up To $15,000

Carpline   |  
New rewards checking account earning 4.07% APY on qualified balances up to $15,000.

Complete at least 10 debit card transactions
Sign-on to online banking at least 4 times
Have a direct deposit of at least $100
Be enrolled in e-statements

Available to residents of 6 northern Michigan counties.
3

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--Roth IRA Shares
1.00%--Traditional IRA
0.35%$10-Christmas Club
0.20%*$2.5k*-Sub Shares
OTHER TIERS: 0.10% → $10 - $500 | 0.15% → $500 - $2.5k
0.20%*$2.5k*-Regular Shares
OTHER TIERS: 0.10% → $10 - $500 | 0.15% → $500 - $2.5k
0.20%*$2.5k*-Business Regular Shares
OTHER TIERS: 0.10% → $10 - $500 | 0.15% → $500 - $2.5k
0.20%*$2.5k*-Business Sub Shares
OTHER TIERS: 0.10% → $10 - $500 | 0.15% → $500 - $2.5k

Forest Area Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.07%*-$15kSuperior Checking Account
OTHER TIERS: 0.01% → $15k+

Forest Area Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$500-60 Month Share Certificate
2.12%$500-25 Month Promo Share Certificate
1.92%$500-13 Month Promo Share Certificate
1.61%$500-48 Month Share Certificate
1.61%$500-12 Month Youth Share Certificate
1.31%$500-36 Month Share Certificate
1.21%$500-24 Month Share Certificate
1.11%$500-12 Month Share Certificate
0.70%$500-6 Month Youth Share Certificate
0.45%$500-6 Month Share Certificate
0.30%$500-3 Month Share Certificate

Forest Area Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$500-60 Month IRA
1.61%$500-48 Month IRA
1.31%$500-36 Month IRA
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 Office409 W Mile Rd NWKalkaska, MI 49646-8914

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