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Overview / Commentary
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 1,532nd largest credit union in the nation. It was established in 1983 and as of December of 2017, it had grown to 33 employees and 11,613 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 - YTD1.33%
Return on Equity - YTD8.84%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$108.1MM$104.6MM
LoansQ4 2017vs Q4 2016$48.3MM$45.0MM
DepositsQ4 2017vs Q4 2016$91.2MM$89.2MM
Equity CapitalQ4 2017vs Q4 2016$16.1MM$14.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$639.00K$780.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$195.00K$517.00K
Real Estate OwnedQ4 2017vs Q4 2016$86.00K$60.00K

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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