STRAITS AREA
Federal • Cheboygan, Michigan • Est. 1951
Quick Facts
- Charter Number
- #7428
- Type
- Federal
- Established
- 1951
- Headquarters
- Cheboygan, Michigan 49721
- Address
- 201 Locust St
- Branches
- 4
- ATMs
- 3
- Members
- 12,057
- Membership Type
- Other/Unknown
CUScore Financial Grade
Based on Q1 2026 NCUA Call Report data
Under CUScore's rules, this institution reports a net worth ratio of at least 6% and a delinquency rate below 3%. This simplified grade is informational, is not an official NCUA rating, and does not determine regulatory or deposit-insurance status.
Financial Overview
Total Assets
Members
12,057 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | STRAITS AREA |
|---|---|
| Total Assets | $130.5M |
| Members | 12,057 |
| Loans Outstanding | $52.5M |
| Shares & Deposits | $114.1M |
| Net Worth | $15.0M |
| Net Worth Ratio | 11.50% |
| Loan-to-Share Ratio | 46.0% |
| Delinquency Rate | 2.44% |
| Net Income | +$311,845 |
Source: Q1 2026 NCUA Call Report • Reporting date: 3/31/2026
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.
Find More Credit Unions in Michigan
Review the Q1 2026 statewide dataset, aggregate ratios, and institutions ranked by reported assets.
View Michigan RankingsFrequently Asked Questions
STRAITS AREA is listed as federally insured in the Q1 2026 NCUA dataset. NCUA share insurance generally covers qualifying accounts up to the standard maximum amount, with coverage depending on account ownership categories. Verify current status and coverage for your accounts with the NCUA or the institution.
As of the Q1 2026 NCUA Call Report, STRAITS AREA has 12,057 members and a potential membership field of 110,000 people.
STRAITS AREA's reported net worth ratio is 11.50% as of Q1 2026. The NCUA's standard net worth ratio threshold for "well capitalized" is 7%, although official status can involve additional rules.
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 (Q1 2026). CUScore is an independent directory and is not affiliated with the NCUA or STRAITS AREA. All financial data is for informational purposes only.