At a glance
From its website, read 2 Nov 2026Straits Area Federal Credit Union is a credit union based in Cheboygan, Michigan. Its website describes auto loans and personal loans. Consumer loan APRs stated on its site range from 4.25% to 10.99%. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Toll-free | (800) 337-9598 source |
|---|---|
| Main | (231) 627-3145 source |
| Phone | (231) 238-7941 source |
| Apply online | Page with the application link |
| Website | www.mi-safcu.org |
| Office (official list) | 201 Locust Street, Cheboygan, MI 49721 |
What their website says about applying
Stop in at Straits Area Federal Credit Union and ask about our Personal Loan programs.
sourceFill out your application online today!
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate: from 9.99% APR | 9.99% APR* | source |
| Loans (general) | Rate: from 10.99% APR | 10.99% APR* | source |
| Auto / vehicle loans | Rate: from 4.25% APR | As low as 4.25% APR* | source |
| Auto / vehicle loans | Rate: from 4.75% APR | As low as 4.75% APR* | source |
| Personal / consumer loans | Rate: from 9.25% APR | As Low As 9.25% APR | source |
| Auto / vehicle loans | Term: up to 9 yr | As long as 108 Months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Collateral flexible or not always required
We require no collateral for Personal Loans.
source - Membership required
When you’re a member of Straits Area Federal Credit Union, you can apply for a Personal Loan.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Credit union |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 25 Jun 2026 |
| RSSD ID | 294087 |
| Address | 201 Locust Street, Cheboygan, MI 49721 Directions (Google Maps) |
| Website | www.mi-safcu.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. The fetched pages state loan products but no loan amounts; the Christmas Loans and online application pages had no body text. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Ready to buy a new or used car or truck? Get pre-qualified for an auto loan at Straits Area Federal Credit Union and shop with confidence. | source |
| Personal / consumer loans | — | When you’re a member of Straits Area Federal Credit Union, you can apply for a Personal Loan. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Fill out your application online today!
source
Pages read (7)
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - How do I become a member, and is there a fee or a minimum deposit?
Credit unions lend only to their members. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
Branches and size
NCUA, 30 Jun 2026On file with the NCUA as STRAITS AREA (charter 7428). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.
| Total assets | $132.4 million (as of 30 Jun 2026) |
|---|---|
| Members | 11,900 (as of 30 Jun 2026) |
| Offices | 3 (as of 30 Jun 2026) |
Offices by state and county (3)
Michigan (3 offices)
- Cheboygan County (2): 201 Locust St, Cheboygan 49721 (main office); 6090 M 68 Hwy, Indian River 49749
- Emmet County (1): 121 E Central Ave, Mackinaw City 49701
An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).
What the regulator filing shows
NCUA 5300, 30 Jun 2026Figures from the 5300 Call Report filed by Straits Area Federal Credit Union (NCUA charter 7428, filed as “STRAITS AREA”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.
| Total loans and leases | $54.1 million, 6,163 loans (as of 30 Jun 2026) |
|---|---|
| Change over the year | Up 4.2% from $52 million on 30 Jun 2025 |
| Members | 11,900 (as of 30 Jun 2026); 12,034 (as of 30 Jun 2025) |
| Loans per member | $4,549 (total loans divided by members, 30 Jun 2026) |
| Total assets | $132.4 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| New vehicle loans | $7 million | 12.9% |
| Used vehicle loans | $22.3 million | 41.2% |
| First-lien home mortgages (1-4 family) | $7.9 million | 14.5% |
| Other real estate loans (junior liens, other) | $55,702 | 0.1% |
| Credit cards | $3.5 million | 6.5% |
| Other unsecured loans | $4.1 million | 7.5% |
| Leases and other secured loans | $9.3 million | 17.1% |
None reported on the 30 Jun 2026 report: commercial (business) loans.
Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets (Call Report, 30 Jun 2026) | $132.4 million | Larger than 19% of the 16 other certified credit unions in Michigan (median $390 million). |
| Loans as a share of assets | 41% | Median of the same 16 credit unions: 72%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $52 million → $54.1 million (+4%) | Median change of 16 other certified credit unions in Michigan: +2%. Rank by loans held among these 17: 16 → 16. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Call Report total assets | other certified credit unions in Michigan | 16 | larger than 19% |
| Loans held then vs now | certified credit unions in Michigan reporting both dates | 16 | rank 16 → 16 of 17 |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section).
Other certified CDFIs in Cheboygan and Michigan
- American 1 Credit UnionCredit union · Jackson, MIAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Awakon Federal Credit UnionCredit union · Onaway, MIAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home mortgages…Verified
- BlueOx Credit UnionCredit union · Battle Creek, MIAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
- CASE Credit UnionCredit union · Lansing, MIAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home repair / improvement loans…Verified
- COMMUNITY FIRST FEDERAL CREDIT UNIONCredit union · Lakeview, MIAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- CORE Community PartnersLoan fund · Bingham Farms, MIAffordable housing development loansVerified
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