Straits Area Credit Union

About Straits Area Credit Union

Straits Area Credit Union Location

Po Box 367
Cheboygan, MI 49721

Phone: (231) 627-3145
Website: www.mi-safcu.org
Routing/Transit Number: Not Available

Straits Area Credit Union Information

Straits Area Credit Union of Cheboygan, MI is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 10015 members and assets of $36,755,413, as compared to the national average of $93 million dollars of assets per credit union. Straits Area Credit Union, first opened in 1951 and has been in operation since then. Additionally, Straits Area Credit Union has 22 full time employees and 0 part time employees, or 455.227272727 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Straits Area Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Straits Area Credit Union is a not-for-profit, cooperative, tax-exempt organization.