Forest Area Federal Credit Union

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 92^nd largest credit union in the state of Michigan. It is also the 1,509^th largest credit union in the nation. It was established in 1983 and as of December of 2018, it had grown to 40 employees and 12,208 members at 4 locations. Forest Area Federal Credit Union's CD rates are 40% higher than the national average, and it has 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

Data as of Q4 2018

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Health Grade Components

Overall
NCUA #	24047
Year Chartered	1983
Employees	40
Primary Regulator

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	4.06%
Annual Interest Income	$4.0MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$112.4MM$108.1MM
Loans	Q4 2018vs Q4 2017	$58.1MM$48.3MM
Deposits	Q4 2018vs Q4 2017	$93.1MM$91.2MM
Equity Capital	Q4 2018vs Q4 2017	$16.5MM$16.1MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$581.00K$639.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$110.00K$195.00K
Real Estate Owned	Q4 2018vs Q4 2017	$97.00K$86.00K

Rates

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Savings
CD

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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

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	-	Roth IRA Shares
1.00%	-	-	Traditional IRA
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

APY	MIN	MAX	ACCOUNT NAME
2.63%	$500	-	25 Month CD - Special
2.53%	$500	-	60 Month CD
2.48%	$500	-	13 Month CD - Special
2.12%	$500	-	48 Month CD
1.87%	$500	-	36 Month CD
1.61%	$500	-	24 Month CD
1.26%	$500	-	12 Month CD
0.50%	$500	-	6 Month CD

Locations

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	409 W Mile Rd NW	Kalkaska, MI 49646-8914

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