2. Forest Area Federal Credit Union

Forest Area Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.53%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
1.00%1-year CD
2.75% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
0.20%Savings
2.20% - Barclays Online Savings AccountAdvertisement
View all Forest Area Federal Credit Union rates »

Overview / Commentary
forestarea.com
231-879-4154
638 Boyd St
Fife Lake, MI 49633-9333

Forest Area Federal Credit Union is headquartered in Fife Lake and is the 92nd largest credit union in the state of Michigan. It is also the 1,509th 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 11% 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
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #24047
Year Chartered1983
Employees40
Primary Regulator
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD4.06%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$112.4MM$108.1MM
LoansQ4 2018vs Q4 2017$58.1MM$48.3MM
DepositsQ4 2018vs Q4 2017$93.1MM$91.2MM
Equity CapitalQ4 2018vs Q4 2017$16.5MM$16.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$581.00K$639.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$110.00K$195.00K
Real Estate OwnedQ4 2018vs Q4 2017$97.00K$86.00K
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
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%$500-25 Month CD - Special
2.53%$500-60 Month CD
2.48%$500-13 Month CD - Special
2.02%$500-48 Month CD
1.76%$500-36 Month CD
1.51%$500-24 Month CD
1.00%$500-12 Month CD
0.50%$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 Office409 W Mile Rd NWKalkaska, MI 49646-8914

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