First Area Credit Union

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A short history of First Area CU

Since its inception in 1961 the First Area Credit Union has been serving its members in the SAGINAW, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Lynn Mccoy, the First Area CU has grown its membership to over 3,905 with assets of more than $30,761,693. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (989) 781-1430 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SAGINAW, MI.

General Information For First Area CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 61756
Address 193 CAMPBELL LN 
State Michigan 
Zip-Code 48609
Phone Number (989) 781-1430
Fax Number (989) 781-5202
Email Address: none
CEO/President Lynn Mccoy
Members 3,905 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 30,761,693 

Compare First Area Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Catholic CU Cass Ave. Branch 1504 Cass Ave 48708 (989) 799-8744 No 2.94
United Financial CU UNITED FINANCIAL CREDIT UNION 4685 State St 48608 (989) 777-3620 No 4.02
Saginaw Medical CU STATE ST OFFICE 4550 STATE ST 48608 (989) 791-7070 No 4.11
Saginaw County Employees CU Saginaw County Employees Credit Union 1700 Court St 48602 (989) 793-9188 No 5.19
Family First CU Freeland Office 6900 Midland Rd 48623 (989) 695-5144 No 6.09

First Area Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

First Area Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.75 3.50 4.00 5.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 115 147 138 289
Rank Among All Michigan Credit Unions N/A 28 38 32 62

First Area Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 0.25 0.50 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 108 105 263 N/A
Rank Among All Michigan Credit Unions N/A 11 21 59 N/A
First Area Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 6.500577837,064
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.7501442,912,227
Used Vehicle Loans 3.5007656,290,766
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.000564,720,587
Total Other Real Estate Loans/Lines of Credit 5.50025785,945
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.0002873,990,024
TOTAL LOANS & LEASES 1,85419,536,613

First Area Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 242,194,8153203,682
    b. 15 Years or less 221,445,9595358,187
    a. > 15 years 6388,96800
    b. 15 Years or less 4690,84500
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 25785,94500
Open-End Fixed Rate 0000
TOTALS 815,506,5328561,869


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

First Area Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes