Forest Area Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.66%	5-year CD	60 Month CD 2.90% - Goldman Sachs Bank USA High-yield 5 Year CD
0.65%	1-year CD	12 Month CD 1.80% - Ally Bank No Penalty 11-Month CD
0.20%	Savings	Regular Shares 1.65% - Barclays 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 1,508^th largest credit union in the nation. It was established in 1983 and as of March of 2018, it had grown to 39 employees and 11,698 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 Q1 2018

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Health Grade Components

Overall
NCUA #	24047
Year Chartered	1983
Employees	39
Primary Regulator

Profit Margin
Return on Assets - YTD	0.5%
Return on Equity - YTD	3.44%
Annual Interest Income	$922.00K

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$113.2MM$105.4MM
Loans	Q1 2018vs Q1 2017	$49.0MM$44.2MM
Deposits	Q1 2018vs Q1 2017	$96.4MM$89.9MM
Equity Capital	Q1 2018vs Q1 2017	$16.0MM$14.8MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$644.00K$723.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$320.00K$381.00K
Real Estate Owned	Q1 2018vs Q1 2017	$0$184.00K

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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