Straits Area Federal Credit Union

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A short history of Straits Area FCU

Since its inception in 1951 the Straits Area Federal Credit Union has been serving its members in the Cheboygan, 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 Cindy Harrison, the Straits Area FCU has grown its membership to over 12,694 with assets of more than $86,819,435. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (231) 627-3145 or email them at safcuceo@yahoo.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Cheboygan, MI.

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

Charter Number 7428
Address PO Box 367 
City Cheboygan 
State Michigan 
Zip-Code 49721
Phone Number (231) 627-3145
Fax Number (231) 627-2046
Email Address: safcuceo@yahoo.com
CEO/President Cindy Harrison
Members 12,694 
Full-Time Employees 30 
Part-Time Employees
Number of Branch Offices
Total Assets 86,819,435 
Website http://www.mi-safcu.org 

Compare Straits Area Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Awakon CU Awakon Federal Credit Union 279 S Bradley Hwy 49779 (989) 734-2772 No 19.02
St. Francis X CU St. Francis X Federal Credit Union 2140 M 119 49770 (231) 348-7690 No 24.25

Straits Area Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Straits Area Federal 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 9.90 2.99 4.45 5.50 4.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 145 257 324 200
Rank Among All Michigan Credit Unions 38 40 64 92 39

Straits Area Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.25 N/A 0.40 1.51
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 95 N/A 284 93
Rank Among All Michigan Credit Unions N/A 10 N/A 64 11
Straits Area Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9002,9884,218,731
All Other Unsecured Loans/Lines of Credit 10.9501,7173,828,508
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.990721,567,817
Used Vehicle Loans 4.4501,43010,827,924
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.50022511,612,954
Total Other Real Estate Loans/Lines of Credit 4.75082853,744
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.9504984,545,171
TOTAL LOANS & LEASES 7,01237,454,849

Straits Area Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 894,893,12212685,720
    b. 15 Years or less 611,725,0266304,100
Balloon/Hybrid
    a. > 15 years 593,640,111184,200
    b. 15 Years or less 161,354,69500
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 26335,19700
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 56518,54700
Open-End Fixed Rate 0000
TOTALS 30712,466,698191,074,020

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

Straits Area Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
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