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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%SavingsRegular Shares

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 1,508th largest credit union in the nation. It was established in 1983 and as of March of 2018, it had grown to 39 employees and 11,698 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 - YTD0.5%
Return on Equity - YTD3.44%
Annual Interest Income$922.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$113.2MM$105.4MM
LoansQ1 2018vs Q1 2017$49.0MM$44.2MM
DepositsQ1 2018vs Q1 2017$96.4MM$89.9MM
Equity CapitalQ1 2018vs Q1 2017$16.0MM$14.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$644.00K$723.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$320.00K$381.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$184.00K
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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

0.35%--Christmas Club
0.20%*$2,500*-Sub Shares
OTHER TIERS: 0.10% $10 - $500 | 0.15% $500 - $2,500
0.20%*$2,500*-Regular Shares
OTHER TIERS: 0.10% $10 - $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

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