Forest Area Federal Credit Union
Forest Area Federal Credit Union is headquartered in Fife Lake and is the 98th largest credit union in the state of Michigan. It is also the 1,555th largest credit union in the nation. It was established in 1983 and as of June of 2017, it had grown to 35 employees and 11,535 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
See current membership details
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24047 |
| Year Chartered | 1983 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.22% |
| Return on Equity - YTD | 14.75% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $106.0MM$99.8MM |
| Loans | Q2 2017vs Q2 2016 | $44.7MM$45.8MM |
| Deposits | Q2 2017vs Q2 2016 | $89.3MM$84.4MM |
| Equity Capital | Q2 2017vs Q2 2016 | $15.9MM$14.7MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $699.00K$922.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $142.00K$261.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $154.00K$131.00K |
Sorry, we do not have rate data for Forest Area Federal Credit Union.
| 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 |