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About Us
A Message from the President
On behalf of the board of directors, management, and staff, welcome to North Central Area Credit Union's web site. We hope you find this site helpful in making your banking, and your life a little bit easier.
These are difficult times in Michigan, for its citizens and many of our members as unemployment, foreclosures, and bankruptcies soar. In times such as these North Central is committed to helping our members in every way possible, and in making their lives easier.
We appreciate the confidence you have entrusted to us, and we are all here to serve your financial needs.
North Central Area Credit Union, "Where your money matters."
Best Regards,
Richard W. Shay
President and CEO
Philosophy & Structure
Credit unions are democratically owned and controlled institutions based on (’people helping people’) principles. Credit union boards of directors are elected by the members; each member has one vote, regardless of how much money they have. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates, and lower cost services.
What is a Credit Union?
A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church.
Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions, like other financial institutions, are closely regulated. And they operate in a very prudent manner. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $100,000.
What makes a credit union different from a bank? Like credit unions, banks accept deposits and make loans, but unlike credit unions, they are in business to make a profit. Banks are owned by groups of stockholders whose interests include earning a healthy return on their investments.
Legislative Update
When legislation or bankers' lawsuits attack any credit union, it's an attack on all credit unions. Your Credit Union proudly protects members' right to join and participate in their not-for-profit financial cooperative.
Official Family
To contact the official family write to:
P.O. Box 817
Houghton Lake, MI 48629
Mission Statement
To provide affordable, high quality, complete financial services to our members and their families, and to foster continued growth and stability of the credit union.
How to Join
Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. In fact, more than 67 million Americans trust that their credit union will provide the services to improve their financial well being.
Credit union membership offers many benefits. Services offered range from simple savings to home equity loans to IRAs. Study after study has revealed that on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings. And credit unions continually score higher than all other financial institutions in consumer satisfaction surveys.
Application Form
Download our PDF application form and fill it out. Bring your completed form and a picture ID to any credit union branch listed on our Hours and Locations page. Our friendly, knowledgeable staff will guide you through the rest of the application process.
CU*Talk Banking Service:
800–860–5704
If you need to report your card lost or stolen after hours call:
Visa: 800–991–4961
ATM: 800–754–4128
