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Straits Area
Cheboygan, MI · NCUA Charter #7428 · Federal charter · Chartered 1951
Total assets
$132.43M
Shares & deposits
$115.64M
Total loans
$54.13M
Members
11,900
Net worth
$15.54M
Branches
4
Rank: #1,600 of 4,299 U.S. credit unions by assets · #104 of 169 in Michigan. Assets changed 5.7% and membership -1.1% over the year to June 30, 2026.
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Key ratios
| Net worth ratio (capital) | 11.74% |
| Return on assets (annualized, approx.) | 0.00% |
| Delinquent loans, 2+ months (share of loans) | 1.77% |
| Loans to shares & deposits | 46.8% |
| Net income (YTD) | $0 |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $120.86M | $111.63M | $0 | $11.15M |
| Jun 2023 | $114.62M | $105.37M | $0 | $11.67M |
| Jun 2024 | $115.98M | $103.29M | $0 | $12.69M |
| Jun 2025 | $125.29M | $110.25M | $0 | $13.76M |
| Jun 2026 | $132.43M | $115.64M | $0 | $15.54M |
Branch footprint
| State | Branches |
|---|---|
| Michigan | 4 |
Similar-sized credit unions
Jackson River Community ($132.59M) · Premier Financial ($132.42M)
Source: NCUA Call Report (Form 5300) as of June 30, 2026. Credit unions are member-owned cooperatives; deposits are insured by the NCUSIF. See methodology.
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