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Forest Area Credit Union Share
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Overview Share
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Forest Area Credit Union is a federal credit union based in Fife Lake, Michigan. It has been opened since 1983, for 39 years.

With around $112,380,000 in assets, Forest Area Credit Union is considered to be a large credit union. It has 5 branches and 4 ATM locations.

About Share
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Address Po Box 118
Fife Lake, Michigan 49633
Website http://www.forestarea.com
Phone (231) 879-4154
Fax (231) 879-3989
CEO Greg Gurka
President of the Board Lee Sandy
Services Offered
Score Card Share
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39 years
Years in business
Opened in 1983
Well Capitalized
Net worth classification
Source: NCUA
12,208 members
Membership type: Unknown
Above average number of members
281:1
Credit union member to staff ratio
281 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$112,380,442
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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5 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Forest Area Credit Union Branch Locations

Forest Area Credit Union: Kalkaska North
409 W. Mile Road NW
Kalkaska, Michigan 49646
ATM Available
Forest Area Credit Union: Kingsley
6966 Cougar Trl
Kingsley, Michigan 49649
ATM Available
Forest Area Credit Union: Manton
516 North Michigan Avenue
Manton, Michigan 49663
ATM Available
Forest Area Credit Union: Fife Lake
638 Boyd Street
Fife Lake, Michigan 49633
ATM Available
Members Share
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12,208 members
Membership type: Unknown
Above average number of members

With 12,208 members, the Forest Area Credit Union is considered to be a large credit union. It is larger than 74% of credit unions.

Fees Share
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$44
Average fee per member
The average fee per member at the Forest Area Credit Union is $44, which is comparable to most credit unions. This rate is lower than 54% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Forest Area Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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281:1
Credit union member to staff ratio
281 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
44 staff members
FTE (full-time equivalent)
15% of employees are part-time
40 full-time, 7 part-time

Forest Area Credit Union has 40 full-time staff members and 7 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 85% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Forest Area Credit Union has around 281 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$112,380,442
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
15.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$10,127
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 50% of credit unions.

Forest Area Credit Union holds a total of $58,130,000 in loans and leases, which is about $10,127 per member on average.

Savings interest rate Share
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Forest Area Credit Union pays 0.15%.

Loan rates Share
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8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.90%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.00%
New car loan rate
Compared to 4.0% nationally
2.90%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.30%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
8.00%
Other real estate loan rates
Compared to 0.9% nationally

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Similar Credit Unions to Forest Area Credit Union

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Forest Area Credit Union: Kingsley ATM
Credit Union ATM: 6966 Cougar Trl
Kingsley, Michigan 49649
Forest Area Credit Union: Fife Lake
Credit Union Branch: 638 Boyd Street
Fife Lake, Michigan 49633 ATM Available
Forest Area Credit Union: Manton ATM
Credit Union ATM: 516 North Michigan Avenue
Manton, Michigan 49663
Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
Forest Area Credit Union: Kalkaska North
Credit Union Branch: 409 W. Mile Road NW
Kalkaska, Michigan 49646 ATM Available
Forest Area Credit Union: Fife Lake ATM
Credit Union ATM: 638 Boyd Street
Fife Lake, Michigan 49633
Forest Area Credit Union
Credit Union: Well Capitalized Fife Lake, Michigan 12208.0 $112 million Well Capitalized
Forest Area Credit Union: Kalkaska North ATM
Credit Union ATM: 409 W. Mile Road NW
Kalkaska, Michigan 49646
Forest Area Credit Union: Kingsley
Credit Union Branch: 6966 Cougar Trl
Kingsley, Michigan 49649 ATM Available
Forest Area Credit Union: Manton
Credit Union Branch: 516 North Michigan Avenue
Manton, Michigan 49663 ATM Available