FIRST AREA Credit Union Profile

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FIRST AREA

Charter #61756 | NCUA Region 1 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (989) 781-1430

Fax: (989) 781-5202

Founding Date: N/A

Website: http://www.firstareacu.com

Personnel & Operations

President: Theisen JR, James

Manager: Mccoy, Lynn

FT Employees: 8

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 2

Hours: M T W 9-5 TH FR 9-6 SAT 9-12

Credit Union Profile Summary

FIRST AREA is a FISCU Credit Union. With a total of 2,928 members [1], this institution manages approximately $39,615,296 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 9.81% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -0.30% [1].

Financial Snapshot

Total Assets [1]
$39,615,296

Total economic resources.

Total Loans [1]
$17,471,487

Total value of outstanding loans.

Total Deposits [1]
$36,721,212

Total funds deposited by members.

Members [1]
2,928

Number of active members.

Performance Ratios

Net Worth Ratio [1]
9.81%

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]
0.14%

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

Loan-to-Share Ratio [1]
47.58%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -8.45%

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

Loan Growth (4Q) [1]
↓ -0.30%

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

Member Growth (4Q) [1]
↓ -9.74%

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

Headquarters Location & Map

Headquarters Address

193 CAMPBELL LN

SAGINAW, MI, 48609
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by FIRST AREA (Charter #61756).

Main Office

Shields Main Office

Type: Corporate Office

193 Campbell Ln

Saginaw, MI 48609

Phone: (989) 781-1430

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Hemlock

Hemlock

Type: Branch Office

16630 Gratiot Rd

Hemlock, MI 48626

Phone: (989) 642-2500

Services: Member Services, ATM, Drive-Thru

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