Federal credit union · Cheboygan, Michigan · NCUA charter #7428
Straits Area
Health score 71/100, grade B (Very Good) - from the NCUA 5300 Call Report, 2025Q4.
- 71
- Health / 100
- $127.7M
- Total assets
- 12,086
- Members
- 11.5%
- Net-worth ratio
Straits Area scores 71/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $127.7M; members 12,086; net-worth ratio 11.50%; health rank #3,536 of 4,374; healthier than 18th of scored peers.
NCUA 5300 Call Report masthead
NCUA 5300 Call Report Masthead
#3,536 of 4,374 health · 2025Q4Straits Area · health 71/100 · $127.7M · 2025Q4
Call Report peers
Straits Area in the assets neighbourhood
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Straits Area vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); Straits Area sits in 70-74 with 317 others.
71 18th percentile higher than 18% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Straits Area vs $100M–$500M peers
- Return on Assets leads the peer set - 0.88% here, 0.62% peer average (+0.25 pp).
- Widest shortfall vs peers is Loan-to-Share Ratio: -24.91 pp (47.29% vs 72.20%).
Where Straits Area sits in Michigan
- Michigan health ordinal: #160 of 171.
- Michigan assets place: #104 of 171.
- Michigan membership ordinal: #89 of 171.
- One place up in Michigan, Lake Huron (#159) scores 72/100, 1 point higher; one place down, United Churches (#161) ties at 71/100.
Straits Area: 2025Q4 → 2026Q1
Straits Area: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +2.2% from $127.7M (2025Q4) to $130.5M (2026Q1).
- Net-worth ratio shifted -0.01 pp (11.51% → 11.50%).
This credit union's 11.50% net worth ratio clears the 7.0% NCUA well-capitalized threshold set under Prompt Corrective Action rules.
How the 71/100 score is built
Straits Area gives up 29 points in total. Delinquency Rate costs the most, 16.5 of its 25; Net Worth Ratio and Return on Assets score full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 8.5 pts
- Return on Assets 15.0 pts
- Member Growth 7.3 pts
- Loan-to-Share Ratio 10.2 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 11.50% | -0.61 pp |
| Delinquency Rate | 2.64% | +1.75 pp |
| Return on Assets | 0.88% | +0.25 pp |
| Member Growth | -0.93% | - |
| Loan-to-Share Ratio | 47.29% | -24.91 pp |
Peer averages: $100M–$500M cohort, 1069 credit unions, 2025Q4 filing.
Straits Area quarterly book
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $130.5M | - |
| 2025Q4 | $127.7M | 12,086 |
| 2024Q4 | $123.1M | 12,200 |
| 2023Q4 | $114.1M | 12,370 |
Credit Union Details
- Charter Number
- 7428
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $100M–$500M
- State
- Michigan
- City
- Cheboygan
- Data Quarter
- 2025Q4
Branch Locations (4)
Straits Area operates 4 offices across 4 cities, per its most recent NCUA branch filing.
| Office | City |
|---|---|
| Main Office (Main Office) | Cheboygan, MI |
| Cu Answers | Grand Rapids, MI |
| Branch Office | Indian River, MI |
| Branch Office | Mackinaw City, MI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Michigan
A look at other Michigan credit unions, ranked by how closely their peer group and asset size match this one.
Other-state peers near Straits Area
Using this data
- Straits Area ranks #3,536 of 4,374 nationally on financial health and #160 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Sunrise Family is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Sunrise Family
Frequently Asked Questions
Is Straits Area financially healthy?
On its 2025Q4 NCUA 5300 filing, Straits Area scores 71/100 (Very Good), with a 11.50% net worth ratio and 2.64% of loans delinquent. It ranks #3,536 of 4,374 nationally on health and #160 of 171 in Michigan.
How does Straits Area compare to other credit unions?
Straits Area scores 71/100, higher than 18% of the 4,374 scored credit unions. Against the 1069 peers in the $100M–$500M cohort, its widest edge is return on assets (0.88% vs 0.62%). Its widest shortfall is loan-to-share ratio (47.29% vs 72.20%).
How can I join Straits Area?
Straits Area operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact Straits Area directly for the exact boundaries and application steps.
Is my money safe at Straits Area?
Straits Area is a federal credit union; its shares are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Straits Area's net worth ratio of 11.50% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.