STRAITS AREA
Federal • Cheboygan, Michigan • Est. 1951
Quick Facts
- Charter Number
- #7428
- Type
- Federal
- Established
- 1951
- Headquarters
- Cheboygan, Michigan 49721
- Address
- PO Box 367
- Branches
- 4
- ATMs
- 3
- Members
- 12,086
- Membership Type
- Other/Unknown
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Adequate financial health. Meets NCUA capital requirements with some metrics worth watching over time.
Financial Overview
Total Assets
Members
12,086 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | STRAITS AREA |
|---|---|
| Total Assets | $127.7M |
| Members | 12,086 |
| Loans Outstanding | $52.9M |
| Shares & Deposits | $111.8M |
| Net Worth | $14.7M |
| Net Worth Ratio | 11.51% |
| Loan-to-Share Ratio | 47.3% |
| Delinquency Rate | 2.64% |
| Net Income | +$1,968,637 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
Branch Locations
4 locations · 3 ATMs
Main Office
Main Office201 Locust St
Cheboygan, MI 49721
Branch Office
121 E Central Ave
Mackinaw City, MI 49701
Branch Office
6090 M 68 Hwy
Indian River, MI 49749-9366
Cu Answers
6000 28th St SE
Grand Rapids, MI 49546
Who Can Join STRAITS AREA?
Membership Type: Other/Unknown
Membership eligibility for STRAITS AREA may vary. Contact the credit union directly to confirm qualification requirements.
Contact STRAITS AREA directly or visit their website for the most accurate and up-to-date membership eligibility information.
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View Michigan RankingsFrequently Asked Questions
Yes. STRAITS AREA is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, STRAITS AREA has 12,086 members and a potential membership field of 110,000 people.
STRAITS AREA's net worth ratio is 11.51% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 11.5%, STRAITS AREA meets this threshold.
STRAITS AREA operates 4 branch locations and has access to 3 ATMs. The main office is located at 201 Locust St, Cheboygan, MI 49721.
STRAITS AREA was established in 1951. It is a federal credit union chartered under charter number 7428. The institution has been serving members for 75 years.
Data sourced from the NCUA Quarterly Call Report (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or STRAITS AREA. All financial data is for informational purposes only.