FOREST AREA Credit Union Profile

Showing details for FOREST AREA Credit Union.

Home > MI > FOREST AREA

FOREST AREA

Charter #24047 | NCUA Region 1 | FCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (231) 879-4154

Fax:

Founding Date: N/A

Website: HTTP://WWW.FORESTAREA.COM

Personnel & Operations

President: Crawford, Donald

Manager: Lutke, Alex

FT Employees: 68

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 66

Branches: 7

Hours: M-F 8am-5pm

Credit Union Profile Summary

FOREST AREA is a FCU Credit Union. With a total of 20,599 members ^[1], this institution manages approximately $297,868,640 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 11.8% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.93% ^[1].

Financial Snapshot

Total Assets ^[1]

$297,868,640

Total economic resources.

Total Loans ^[1]

$190,331,646

Total value of outstanding loans.

Total Deposits ^[1]

$262,891,534

Total funds deposited by members.

Members ^[1]

20,599

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

11.8%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

1.15%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

72.40%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 13.44%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↑ 2.93%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 6.21%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

6954 US Highway 131

Fife Lake, MI, 49633-9765

Open in Google Maps

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

Rate This Credit Union

No approved reviews yet. Be the first to rate this Credit Union!

Branch Locations

Found 6 branches reported by FOREST AREA (Charter #24047).

Main Office

Fife Lake Main Office

Type: Corporate Office

638 Boyd St

Fife Lake, MI 49633-9333

Phone: (231) 879-4154

Services: Member Services, ATM, Drive-Thru

Open in Directions

Additional Branches

Open in Directions