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Forest Area Federal Credit Union

Popular Accounts at this Credit Union

1.66%5-year CD60 Month CD
0.65%1-year CD12 Month CD
0.20%SavingsSub Share Savings

Overview / Commentary
638 Boyd St
Fife Lake, MI 49633-9333

Forest Area Federal Credit Union is headquartered in Fife Lake and is the 97th largest credit union in the state of Michigan. It is also the 1,562nd largest credit union in the nation. It was established in 1983 and as of September of 2016, it had grown to 34 employees and 11,377 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 Grade Components

NCUA #24047
Year Chartered1983
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD4.54%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$102.6MM$97.9MM
LoansQ3 2016vs Q3 2015$46.1MM$46.0MM
DepositsQ3 2016vs Q3 2015$87.0MM$83.2MM
Equity CapitalQ3 2016vs Q3 2015$14.9MM$14.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$865.00K$942.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$263.00K$837.00K
Real Estate OwnedQ3 2016vs Q3 2015$115.00K$318.00K
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Forest Area Federal Credit Union Savings Account Rates

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

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

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 Office782 S Cedar StKalkaska, MI 49646-9460
Branch Office409 W Mile Rd NWKalkaska, MI 49646-8914