Saginaw, MI 48609

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 61756
Date Established 1961
Assets $29.29 million
Loans $19.05 million
Deposits $25.58 million
Capital $3.70 million

First Area is an NCUA insured institution located in Saginaw, MI. It was founded in 1961 and has approximately $29.29 millions in assets.

Field of Membership Restrictions

First Area Credit Union of Michigan is open to the residents, church members, registered students, and people that maintain employment within Saginaw County and the family members of current credit union members.

Deposit Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.40% $10,000 $59,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
Special: 6 Mo CD
2.50% $500 - Learn MoreShow Less
12 Mo CD
1.25% $500 - Learn MoreShow Less
24 Mo CD
2.25% $500 - Learn MoreShow Less
36 Mo CD
2.75% $500 - Learn MoreShow Less
48 Mo CD
3.00% $500 - Learn MoreShow Less
60 Mo CD
3.25% $500 - Learn MoreShow Less

Loan Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for FIRST AREA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% -0.13 ($158) $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
NMLS ID: 2890
License#: 13256
3.523% 3.500% 0.25 $732 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.


Below are First Area branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

First Area Locations

Financial Details

First Area Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Area. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
First Area U.S. Average
18.36% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, First Area had $661,007 in non-current loans and $51,435 in owned assets. To cover these potential losses it had $3,698,866 in net worth and $182,133 in loans loss reserves. That gives it a Texas Ratio of 18.36%.

Net Worth
First Area U.S. Average
12.62% 13.65%

First Area FCU has a net worth of 12.62% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About First Area

Branches and Savings

What is First Area?

A federal credit union, registered with the NCUA under certificate #61756.
Learn more about credit unions here.

Is First Area FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join First Area?

Please see Field of Membership information above for information on who is eligible to join.

What are First Area's share account and share certificate rates?

First Area's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is First Area?

First Area has total capital of $3.70 million. Full information on First Area's financial position is located above.

Who owns First Area?

Credit Unions are owned by their members.

Where are First Area branches located?

See branch locations nearby.

Are First Area ATMs Open 24/7?

Do First Area ATMs accept cash deposits?

Can First Area customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does First Area have a mobile app?

Does First Area have mobile deposit?

Does First Area have quick pay?

How can First Area transfer money to other banks or credit unions?

Does First Area report to credit bureaus?

Does First Area use Chexsystems?

Does First Area use Equifax?

What is First Area's toll free phone number?

What is First Area's ACH Routing Number?

What is First Area's SWIFT code?

Where can I find First Area's wire transfer form?

What is the First Area address for deposits?

What Products Does First Area Offer

Does First Area offer mortgages?

Compare mortgage rates here.

Does First Area offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Area offer auto and RV loans?

Compare auto loan rates here.

Does First Area offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for First Area

There are currently no comments for First Area. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →