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 96th largest credit union in the state of Michigan. It is also the 1,542nd largest credit union in the nation. It was established in 1983 and as of June of 2018, it had grown to 39 employees and 11,879 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

Health Grade Components

Overall
NCUA #24047
Year Chartered1983
Employees39
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD4.41%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$109.6MM$106.0MM
LoansQ2 2018vs Q2 2017$52.8MM$44.7MM
DepositsQ2 2018vs Q2 2017$92.9MM$89.3MM
Equity CapitalQ2 2018vs Q2 2017$16.1MM$15.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$621.00K$699.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$424.00K$142.00K
Real Estate OwnedQ2 2018vs Q2 2017$35.00K$154.00K
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
2.02%$500-60 Month CD
2.02%$500-27 Month CD Special
1.92%$500-15 Month CD Special
1.61%$500-48 Month CD
1.21%$500-36 Month CD
1.01%$500-24 Month CD
0.90%$500-12 Month CD
0.35%$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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