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Forest Area Federal Credit Union

Popular Accounts at this Credit Union

1.66%5-year CD60 Month CD
0.65%1-year CD12 Month CD
0.20%SavingsSub Share Savings

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

Forest Area Federal Credit Union is headquartered in Fife Lake and is the 97th largest credit union in the state of Michigan. It is also the 1,548th largest credit union in the nation. It was established in 1983 and as of December of 2016, it had grown to 33 employees and 11,414 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 - YTD0.65%
Return on Equity - YTD4.59%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$104.6MM$99.4MM
LoansQ4 2016vs Q4 2015$45.0MM$45.2MM
DepositsQ4 2016vs Q4 2015$89.2MM$84.6MM
Equity CapitalQ4 2016vs Q4 2015$14.7MM$14.1MM
Loan Loss AllowanceQ4 2016vs Q4 2015$780.00K$966.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$517.00K$370.00K
Real Estate OwnedQ4 2016vs Q4 2015$60.00K$346.00K
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Forest Area Federal Credit Union Savings Account Rates

0.35%--Christmas Club
0.20%*$2,500*-Share Savings
OTHER TIERS: 0.10% Up to $500 | 0.15% $500 - $2,500
0.20%*$2,500*-Sub Share Savings
OTHER TIERS: 0.10% Up to $500 | 0.15% $500 - $2,500

Forest Area Federal Credit Union CD Rates

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

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