STRAITS AREA
Cheboygan, MI · Federal Credit Union · Chartered in MI
Who can join
Employer / occupational group
Members
12,057
Net Worth Ratio
11.50%
min. 7% = Well Capitalized
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
At a Glance
Total Assets
$130.5M
Peer Group 5
Members
12,057
as of latest quarter
Net Worth Ratio
11.50%
Well Capitalized
Institution Profile
NCUAWebsite
Phone
Address
Chartered
Branch Locations
Membership Eligibility
Financial Snapshot
Total Assets
$130.5M
Total Shares
$114.1M
Total Loans
$52.5M
Net Income
$312K
Net Worth Ratio
11.50%
≥7% = Well Capitalized
Members
12,057
Return on Assets
0.24%
annualized · >0.5% healthy
Delinquency Rate (60d+)
1.87%
$983K
Loan-to-share ratio: 46.0%· healthy range 60–80%
Branch Locations
NCUAMain Office
201 Locust St, Cheboygan, MI, 49721
M-F 9-5 S 9-12
Branch Office
121 E Central Ave, Mackinaw City, MI, 49701
M-F 9-5 May - September Saturdays also 9-12
Branch Office
6090 M 68 Hwy, Indian River, MI, 49749-9366
M-F 9-5 S 9-12
Cu Answers
6000 28th St SE, Grand Rapids, MI, 49546
Mortgage Lending (HMDA)
Credit unions that originate mortgages report Home Mortgage Disclosure Act (HMDA) data to the CFPB. This data covers application volumes, approvals, denials, and borrower demographics.
Consumer Complaints
No CFPB complaint data available for this credit union.
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<a href="https://bankscorer.com/credit-union/straits-area" target="_blank" rel="noopener">View STRAITS AREA on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.