Forest Area Federal Credit Union is headquartered in Fife Lake and is the 74th largest credit union in the state of Michigan. It is also the 1,213th largest credit union in the nation. It was established in 1983 and as of June of 2022, it had grown to 50 employees and 17,688 members at 6 locations. Forest Area Federal Credit Union has an A health rating.
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
|Return on Assets - YTD||1.67%|
|Return on Equity - YTD||17.17%|
|Annual Interest Income||$3.8MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$212.5MM$174.7MM|
|Loans||Q2 2022vs Q2 2021||$140.9MM$111.6MM|
|Deposits||Q2 2022vs Q2 2021||$191.2MM$154.0MM|
|Equity Capital||Q2 2022vs Q2 2021||$20.4MM$19.6MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$1.0MM$982.00K|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$986.00K$477.00K|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Forest Area Federal Credit Union are currently being reviewed.
|Forest Area Federal Credit Union Locations|
|Branch Office||409 W Mile Rd NW||Kalkaska, MI 49646-8914|
|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||101 N Main St||Lake City, MI 49651|
|Branch Office||101 Mesick Ave||Mesick, MI 49668|