Forest Area Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.66%	5-year CD	60 Month CD 2.50% - Ally Bank High Yield 5 Year CD
0.65%	1-year CD	12 Month CD 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD
0.20%	Savings	Regular Shares 1.30% - Nationwide Bank Online Savings Account

View all Forest Area Federal Credit Union rates »

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 95^th largest credit union in the state of Michigan. It is also the 1,532^nd largest credit union in the nation. It was established in 1983 and as of December of 2017, it had grown to 33 employees and 11,613 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+

Data as of Q4 2017

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Health Grade Components

Overall
NCUA #	24047
Year Chartered	1983
Employees	33
Primary Regulator

Profit Margin
Return on Assets - YTD	1.33%
Return on Equity - YTD	8.84%
Annual Interest Income	$3.5MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$108.1MM$104.6MM
Loans	Q4 2017vs Q4 2016	$48.3MM$45.0MM
Deposits	Q4 2017vs Q4 2016	$91.2MM$89.2MM
Equity Capital	Q4 2017vs Q4 2016	$16.1MM$14.7MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$639.00K$780.00K
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$195.00K$517.00K
Real Estate Owned	Q4 2017vs Q4 2016	$86.00K$60.00K

Rates

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* 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^*	-	Sub Shares
OTHER TIERS: 0.10% → $10 - $500 \| 0.15% → $500 - $2,500
0.20%^*	$2,500^*	-	Regular Shares
OTHER TIERS: 0.10% → $10 - $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
1.01%	$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

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