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First Area Credit Union

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First Area Credit Union Rates & Review April 2026

Q: How many branches does First Area Credit Union operate?

First Area Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join First Area Credit Union?

Yes, to access services at First Area Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Area Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 22, 2026

You can compare First Area Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 3.85%, 6-month share certificate rates at 3.65% and 3-month share certificate rates at 0.50%. Savings rates are at 0.15% and money market rates are at 0.65%. Mortgage rates on 30-year fixed loans are around 5.91%. All these rates can be compared to First Area Credit Union rates. MonitorBankRates evaluates the financial stability of First Area Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 6.42%. Rates were last updated on 04/22/2026.

First Area Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Area Credit Union? Share your experience about First Area Credit Union by leaving a review below, or read customer reviews before you decide to use First Area Credit Union.

Overall Health & Safety Grade

Excellent Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

6.42%

Excellent Higher than avg

First Area Credit Union
Shields

193 Campbell Ln
Saginaw, MI 48609

https://www.firstareacu.com

Current Rate Availability

We do not have First Area Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for First Area Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather First Area Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with First Area Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name First Area Credit Union

Website https://www.firstareacu.com

Address 193 Campbell Ln, Saginaw, MI 48609

Phone 989-781-1430

Fax 989-781-5202

President James Theisen JR

CEO Lynn Mccoy

Full-Time Employees 6

Part-Time Employees 2

Branch Locations 2

ATM Locations 2

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A (97/100)

Texas Ratio

6.42%

Return on Assets (ROA)

0.3298%

Return on Equity (ROE)

3.0893%

Non-Performing Loans Ratio (NPL)

1.44%

Total Assets

37,317,870

Total Amount of Shares and Deposits

34,246,913

Total Shares and Deposits < 1 Year

32,930,764

Total Shares and Deposits 1 3 Years

764,902

Total Shares and Deposits > 3 Years

551,247

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

887,311

Total Uninsured Shares and Deposits > $250K (F+J)

887,311

Total Insured Shares and Deposits > $250K (item 17 less item K)

33,359,602

Total Interest Expense (Sum of items 6 8)

229,011

Share Certificates

438

Number of Accounts for Share Drafts

1,491

Number of Accounts for Regular Shares

3,415

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

123,065

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

2,858,661

Total Liabilities

34,271,231

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Average Rating

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Total Reviews

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Frequently Asked Questions About First Area Credit Union

Is First Area Credit Union a safe place to deposit money?

Yes, First Area Credit Union is considered a safe financial institution. With a Texas Ratio of 6.4166200377199%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does First Area Credit Union operate?

First Area Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join First Area Credit Union?

Yes, to access services at First Area Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, First Area Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Area Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does First Area Credit Union offer online and mobile banking?

Most modern institutions like First Area Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firstareacu.com.