Federal credit union · Cheboygan, Michigan · NCUA charter #7428
Straits Area
Health score 71/100 (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 - Share Insurance Coverage
Below: composite supervisory bracket and risk-based capital for charter #7428, per the 2025Q4 NCUA Call Report. Our deposit-insurance coverage note explains how the $250,000 NCUSIF ceiling works.
Straits Area - Five Health Pillars
The five bars below are this credit union's pillar-level 0-100 sub-scores. Sum the weighted pillars and you get the headline health score above - same NCUA 5300 data, no normalisation tricks applied.
- Capital (net worth ratio)100
- Asset quality (delinquency)34
- Earnings (ROA)100
- Member growth49
- Liquidity (loan-to-share)68
Weighted composite: 71/100 - each bar is the 0–100 sub-score; the composite weights them 30/25/15/15/15.
This credit union's 11.51% net worth ratio clears the 7.0% NCUA well-capitalized threshold set under Prompt Corrective Action rules.
Financial Health Metrics
| Metric | Value | Weight |
|---|---|---|
| Net Worth Ratio | 11.51% | 30% |
| Delinquency Rate | 2.64% | 25% |
| Return on Assets | 0.88% | 15% |
| Member Growth | -0.93% | 15% |
| Loan-to-Share Ratio | 47.29% | 15% |
Health score = weighted composite of above metrics. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 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
What This Data Says About Straits Area
Headquartered in Cheboygan, Michigan, Straits Area is a federal credit union with 12,086 members, $127.7M in total assets, and $52.9M in outstanding loans on the books as of Q4 2025. Its five-factor composite puts the health score at 71/100 (Very Good), driven in part by a net worth ratio of 11.51% - above the 7.0% NCUA "well capitalized" threshold under Prompt Corrective Action rules. It carries charter #7428 and reports within peer group $100M–$500M, a cohort of 1069 similarly-sized institutions.
2.64% of the loan book sits 60+ days past due, the headline loan-quality read - the peer group average for $100M–$500M credit unions sits at 0.894%, so this institution is running looser than peers. Deposit deployment is captured by the 47.29% loan-to-share ratio, below the 60% band that typically signals under-deployed capital. Return on assets stands at 0.88% on net income of $1.1M for the period; a not-for-profit cooperative typically runs a modest positive ROA, returning surplus to members through better rates and lower fees rather than to shareholders.
Year-over-year membership changed by -0.93%. The quarterly NCUA 5300 Call Report is the source for everything above, current through 2025Q4. Field of membership (currently: Community) decides eligibility to join. NCUSIF deposit-insurance coverage and usage guidance for this data live on our disclaimer page.
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.
Sources & disclaimer
Source: NCUA 5300 Call Report, Q4 2025. Source: NCUA Share Insurance Fund (NCUSIF), federal deposit insurance up to $250,000. Not affiliated with NCUA. For informational purposes only.
Frequently Asked Questions
Is Straits Area financially healthy?
A 11.51% net worth ratio and a 2.64% delinquency rate feed into Straits Area's financial health score of 71/100 (Very Good), from NCUA 5300 Call Report data as of Q4 2025. The scale: above 80 excellent, below 50 warrants closer monitoring.
How does Straits Area compare to other credit unions?
Five weighted metrics from NCUA filings produce Straits Area's 71/100 score on PlainCU's health composite, compared to a peer group average for $100M–$500M credit unions: net worth ratio (30%), delinquency rate (25%), return on assets (15%), member growth (15%), loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
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?
Federal credit unions like Straits Area are 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 11.51% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does Straits Area offer compared to banks?
Credit unions like Straits Area are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Straits Area directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.