Overview / Commentary
231-879-4154
638 Boyd St
Fife Lake, MI 49633-9333

Forest Area Federal Credit Union is headquartered in Fife Lake and is the 95th largest credit union in the state of Michigan. It is also the 1,531st largest credit union in the nation. It was established in 1983 and as of September of 2018, it had grown to 40 employees and 12,039 members at 5 locations. Forest Area Federal Credit Union's CD rates are 11% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership to Forest Area Federal Credit Union is offered to businesses or other legal entities and those who work, worship, attend school or live in Wexford, Missaukee, Kalkaska, Grand Traverse, Crawford or Antrim, Michigan.
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Health
A+

Health Grade Components

Overall
NCUA #24047
Year Chartered1983
Employees40
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD4.31%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$110.3MM$106.9MM
LoansQ3 2018vs Q3 2017$55.2MM$47.0MM
DepositsQ3 2018vs Q3 2017$93.3MM$90.2MM
Equity CapitalQ3 2018vs Q3 2017$16.2MM$16.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$629.00K$684.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$206.00K$68.00K
Real Estate OwnedQ3 2018vs Q3 2017$118.00K$210.00K
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$10-Christmas Club
0.20%*$2.5k*-Sub Shares
OTHER TIERS: 0.10% $10 - $500 | 0.15% $500 - $2.5k
0.20%*$2.5k*-Regular Shares
OTHER TIERS: 0.10% $10 - $500 | 0.15% $500 - $2.5k

Forest Area Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$500-60 Month CD
2.53%$500-24 Month CD Special
2.02%$500-48 Month CD
1.76%$500-15 Month CD
1.51%$500-36 Month CD
1.26%$500-24 Month CD
1.00%$500-12 Month CD
0.50%$500-6 Month CD
Locations


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

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