Forest Area


Po Box 118
Fife Lake, MI 49633
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.65% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.60% 0.75% →
5-Year CD 1.01% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Forest Area is an NCUA insured institution located in Fife Lake, MI. It was founded in 1983 and has approximately $157.97 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 24047
Date Established 1983
Assets $157.97 million
Loans $104.68 million
Deposits $138.47 million
Capital $18.26 million

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

Deposit Rates - June 12, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.15% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.01% $10,000 $14,999 Learn More
60 Mo CD
1.01% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
1.00% $1 $499 Learn MoreShow Less

Loan Rates - June 12, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FOREST AREA

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More
Rocket Mortgage
NMLS ID: 3030
3.339% 3.250% 0.63 $2,812 $1,089 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$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 Forest 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:

Forest Area Locations

Financial Details

Forest Area Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Forest 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
Forest Area U.S. Average
4.46% 5.40

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 December 31, 2020, Forest Area had $736,127 in non-current loans and $124,000 in owned assets. To cover these potential losses it had $18,258,036 in net worth and $1,018,786 in loans loss reserves. That gives it a Texas Ratio of 4.46%.

Net Worth
Forest Area U.S. Average
11.55% 12.67%

Forest Area FCU has a net worth of 11.55% versus the BestCashCow average of 12.67. 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 Forest Area

Branches and Savings

What is Forest Area?

A federal credit union, registered with the NCUA under certificate #24047.
Learn more about credit unions here.

Is Forest Area FDIC insured?

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

Who can join Forest Area?

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

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

Forest 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 Forest Area?

Forest Area has total capital of $18.26 million. Full information on Forest Area's financial position is located above.

Who owns Forest Area?

Credit Unions are owned by their members.

Where are Forest Area branches located?

See branch locations nearby.

Are Forest Area ATMs Open 24/7?

Do Forest Area ATMs accept cash deposits?

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

Does Forest Area have a mobile app?

Does Forest Area have mobile deposit?

Does Forest Area have quick pay?

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

Does Forest Area report to credit bureaus?

Does Forest Area use Chexsystems?

Does Forest Area use Equifax?

What is Forest Area's toll free phone number?

What is Forest Area's ACH Routing Number?

What is Forest Area's SWIFT code?

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

What is the Forest Area address for deposits?

What Products Does Forest Area Offer

Does Forest Area offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Forest Area offer auto and RV loans?

Compare auto loan rates here.

Does Forest Area offer student loans or personal loans?

Compare personal loan rates here.

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