STRAITS AREA Credit Union Profile
Showing details for STRAITS AREA Credit Union.
Credit Union Profile for: STRAITS AREA
STRAITS AREA
Headquarters Contact & Staff
Contact & Info
Phone: (231) 627-3145
Fax: (231) 627-2046
Founding Date: N/A
Website: HTTP://WWW.MI-SAFCU.ORG
Personnel & Operations
President: Borowicz, Harold
Manager: Harrison, Cindy
FT Employees: 32
PT Employees: 0
Designations & Ratios
MDI Status: No
RBC Ratio: 0%
Membership Type: 00
Branches: 3
Hours: M-F 9-5 S 9-12
Credit Union Profile Summary
STRAITS AREA is a FCU Credit Union. With a total of 12,034 members [1], this institution manages approximately $125,292,877 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 10.98% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 5.21% [1].
Financial Snapshot
Performance Ratios
This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.
Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.
Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.
Four-Quarter Growth
Indicates change in total size. Positive growth means the credit union is expanding its operations.
Shows change in lending activity. Positive growth means they are actively increasing their lending business.
Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.
Headquarters Location & Map
Member Ratings & Reviews
Average Member Rating:
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Branch Locations
Found 4 branches reported by STRAITS AREA (Charter #7428).
Main Office
Main Office Main Office
201 Locust St
Cheboygan, MI 49721
Phone: (231) 627-3145
Services: Member Services, ATM, Drive-Thru
Additional Branches
Grand Rapids
Cu Answers
6000 28th St SE
Grand Rapids, MI 49546
Phone: (800) 327-3478
Services: None specified
Indian River
Branch Office
6090 M 68 Hwy
Indian River, MI 49749-9366
Phone: (231) 238-7941
Services: Member Services, ATM, Drive-Thru
Mackinaw City
Branch Office
121 E Central Ave
Mackinaw City, MI 49701
Phone: (231) 436-4037
Services: Member Services, ATM, Drive-Thru