Straits Area
Straits Area is a credit union based in Cheboygan, Michigan, established in 1951, with $131 million in total assets serving 12,057 members. By Trust Grade it ranks 55th of 170 credit unions we track in Michigan. Its net worth ratio of 11.5% is stronger than 54% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 0.96% return on assets. No consumer complaints against Straits Area appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Straits Area compares to Michigan peers
How we graded Straits Area
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.5% capital ratio)
- Profitable (ROA 0.96%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Straits Area over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Straits Area insured?
Yes. Straits Area is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Straits Area: frequently asked questions
Is Straits Area a good credit union?
Straits Area earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (11.5% capital ratio); Profitable (ROA 0.96%).
Is Straits Area NCUA-insured?
Yes. Straits Area is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Straits Area?
Straits Area holds $131 million in total assets, ranking 55th of 170 credit unions we track in Michigan. It serves 12,057 members.
Does Straits Area have CFPB complaints?
No CFPB complaints against Straits Area appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
