Charter 24047 · Fife Lake, MI
Forest Area Federal Credit Union
Forest Area Federal Credit Union is a federally chartered credit union in Fife Lake, Michigan, with $318 million in assets and 21,720 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 12.76%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $318 million
- +6.8% in a year
- Members
- 21,720
- +5.4% in a year
- Net worth ratio
- 12.76%
- Peer median 11.65%
- Loans 60+ days late
- 1.92%
- Peer median 0.70%
- Loans outstanding
- $199 million
- +4.3% in a year
- Shares and deposits
- $278 million
- +5.7% in a year
- Branches
- 7
- 68 employees
- Opened
- 1983
- Federal charter
How Forest Area Federal Credit Union compares
NCUA groups credit unions by size; Forest Area Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 12.76% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 1.92%, is higher than the group median of 0.70%. Loans grew 4.3% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 63 of 169 credit unions headquartered in Michigan. See all Michigan credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $318 million | 21,720 | $199 million | 12.76% | 1.92% |
| Q1 2026 | $318 million | 21,325 | $195 million | 12.30% | 1.47% |
| Q4 2025 | $310 million | 21,085 | $197 million | 12.28% | 1.41% |
| Q3 2025 | $306 million | 20,872 | $194 million | 11.90% | 1.66% |
| Q2 2025 | $298 million | 20,599 | $190 million | 11.80% | 1.62% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 709,597 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 8 sites for Forest Area Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Fife Lake
638 Boyd St, Fife Lake, MI 49633 - Manton
314 W Main St, Manton, MI 49663 - Kingsley
6966 Cougar Trl, Kingsley, MI 49649 - Kalkaska
409 W Mile Rd Nw, Kalkaska, MI 49646 - Lake City
101 N Main St, Lake City, MI 49651 - Mesick
101 Mesick Ave, Mesick, MI 49668 - Main Office (main office)
6954 Us Highway 131, Fife Lake, MI 49633 - Cadillac
9100 E 34 Rd, Cadillac, MI 49601
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology