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First Area Credit Union

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First Area Credit Union Rates & Review September 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 and Verified: September 23, 2026

First Area Credit Union rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month share certificate rates are currently at 3.01%, 6-month share certificate rates at 2.85% and 3-month share certificate rates at 2.71%. Savings rates are at 0.89% and money market rates are at 1.22%. Mortgage rates on 30-year fixed loans are around 7.01%. These rates come from our rate database, not First Area Credit Union, and you can see how they compare in the First Area Credit Union rate tables below. 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 5.82%. Database rates last updated and verified on 09/23/2026.

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

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.82%

Excellent Lower than avg

Health Trend

Worsening 11 quarters

Full history ›

First Area Credit Union
Shields

193 Campbell Ln
Saginaw, MI 48609

https://www.firstareacu.com

Current Rate Availability

We're not currently displaying rates for First Area Credit Union, but our database is updated constantly, so check back soon for the latest offers.

Are you with First Area Credit Union? We'd love to add your institution's rates. Contact us to get your institution's rates listed on MonitorBankRates.

Financial Health History

First Area Credit Union’s Texas Ratio rose from 0.43% in Q2 2023 to 5.82% in Q4 2025, so its financial health has weakened over the past 11 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a credit union must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
December 31, 2025	$39M	5.82%	5.0	A+
September 30, 2025	$37M	6.33%	5.0	A
June 30, 2025	$40M	0.20%	5.0	A+
March 31, 2025	$38M	0.93%	5.0	A+
December 31, 2024	$40M	0.05%	5.0	A+
September 30, 2024	$39M	0.30%	5.0	A+
June 30, 2024	$43M	0.17%	5.0	A+
March 31, 2024	$40M	0.18%	5.0	A+
December 31, 2023	$41M	0.52%	5.0	A+
September 30, 2023	$38M	0.98%	5.0	A+
June 30, 2023	$43M	0.43%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

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 4

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

5.82%

Return on Assets (ROA)

0.4458%

Return on Equity (ROE)

4.2706%

Non-Performing Loans Ratio (NPL)

1.33%

Total Assets

38,514,775

Total Amount of Shares and Deposits

35,372,287

Total Shares and Deposits < 1 Year

34,169,710

Total Shares and Deposits 1 3 Years

870,425

Total Shares and Deposits > 3 Years

332,152

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

391,378

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

391,378

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

34,980,909

Total Interest Expense (Sum of items 6 8)

300,298

Share Certificates

437

Number of Accounts for Share Drafts

1,487

Number of Accounts for Regular Shares

3,390

Money Market Shares

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

4,564,014

Total Liabilities

35,393,855

Source: NCUA — Last Updated 12/31/2025

Customer Reviews

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Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About First Area Credit Union

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.