Straits Area Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.mi-safcu.org

231-627-3145

201 Locust St
Cheboygan, MI 49721

Straits Area Federal Credit Union is headquartered in Cheboygan and is the 106^th largest credit union in the state of Michigan. It is also the 1,654^th largest credit union in the nation. It was established in 1951 and as of March of 2025, it had grown to 32 employees and 12,181 members at 4 locations. Straits Area Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Must live or work in Cheboygan County.
See current membership details

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	7428
Year Chartered	1951
Employees	32
Primary Regulator

Profit Margin
Return on Assets - YTD	0.94%
Return on Equity - YTD	9.03%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$122.9MM$115.3MM
Loans	Q1 2025vs Q1 2024	$50.3MM$48.9MM
Deposits	Q1 2025vs Q1 2024	$109.2MM$103.6MM
Equity Capital	Q1 2025vs Q1 2024	$12.8MM$10.4MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$387K$372K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$1.2MM$1MM
Real Estate Owned	Q1 2025vs Q1 2024	$29K$29K

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Straits Area Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.11%^*	$2.5k^*	$999k	Regular Shares
OTHER TIERS: 0.05% → $5 - $751 \| 0.07% → $751 - $1.5k \| 0.09% → $1.5k - $2.5k

Straits Area Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.79%	$5k	-	12 Month CD Special
1.36%	$1k	-	3 Year CD
1.26%	$1k	-	2 Year CD
1.16%	$1k	-	1 Year CD

Straits Area Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.75%	$0	-	IRA Account

Locations

Straits Area Federal Credit Union Locations
Branch Office	6000 28th St SE	Grand Rapids, MI 49546
Branch Office	121 E Central Ave	Mackinaw City, MI 49701
Branch Office	201 Locust St	Cheboygan, MI 49721
Branch Office	6090 M 68 Hwy	Indian River, MI 49749-9366

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