Our mission is to provide our members with quality financial services, giving special attention to their individual needs. Forest Area Federal Credit Union was organized on September 19, 1983. The original office of the credit union was located at Larr’s Sporting Goods in Fife Lake, MI, until such time that an alternate location could be found. At the end of the first month of business, Forest Area FCU had a total asset size of $4, 049.42 and expenses for the month of $10.00. At the end of 1983, just a few months later, assets had risen to $105, 320.89! Serving a membership of just 147 people, total expenses for 1983 were $286.36, while net income was $615.92. In January 1985, the office was moved to the original bank building in Fife Lake next to Kimball’s Market. In December 1993, the office was moved once again, this time to its current location at 638 Boyd St. in Fife Lake. We opened our first branch office in Kalkaska, Michigan in 1987, to be followed 10 years later in 1997 by our Kingsley location (then moved to the East end of town in 2006). Our Manton branch was added in 2001. Since those humble beginnings of 1983, Forest Area FCU now stands at the asset size and membership size seen in the box below. Thank you all for your part in our wonderful success!
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154