LOC Credit Union

22981 Farmington Rd
Farmington, MI 48336
www.locfederal.com

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LOC Credit Union is headquartered in FARMINGTON and is the 65^th largest credit union in the state of Michigan. It is also the 1,127^th largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 40 employees and 24,301 members. LOC Credit Union has a 4-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

LOC Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.00%	-	-	Checking

LOC Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	Variable IRA
0.05%	-	-	Regular Share
0.05%	-	-	Christmas Club Account
0.05%	-	-	Vacation Club Account

LOC Credit Union Money Market Rates

Apy	Min	Max	Product
0.35%	$100k	-	Premier Money Fund
0.20%	$50k	-	Money Fund

LOC Credit Union CD Rates

Apy	Min	Max	Product
1.25%	-	-	5 Year Grand Slam Promotion CD
1.15%	-	-	5 Year CD
0.85%	-	-	4 Year Grand Slam Promotion CD
0.75%	-	-	4 Year CD
0.50%	-	-	3 Year Grand Slam Promotion CD
0.40%	-	-	3 Year CD
0.40%	-	-	2 Year Grand Slam Promotion CD
0.35%	-	-	18 Month Grand Slam Promotion CD
0.30%	-	-	2 Year CD
0.30%	-	-	1 Year Grand Slam Promotion CD
0.25%	-	-	18 Month CD
0.20%	-	-	1 Year CD
0.15%	-	-	6 Month CD
0.10%	-	-	3 Month CD

LOC Credit Union IRA Rates

Apy	Min	Max	Product
1.15%	-	-	5 Year IRA
0.75%	-	-	4 Year IRA
0.40%	-	-	3 Year IRA
0.30%	-	-	2 Year IRA
0.25%	-	-	18 Month IRA
0.20%	-	-	1 Year IRA
0.15%	-	-	6 Month IRA
0.10%	-	-	3 Month IRA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

LOC
NCUA #	6651
BankRate Report	View
Year Chartered	1950
Employees	40
Primary Regulator
Assets and Liabilities
Assets	$139.57 million
Loans	$65.14 million
Deposits	$126.89 million
Equity Capital	$10.57 million
Loan Loss Allowance	$323,000
Unbacked Noncurrent Loans	$914,000
Real Estate Owned	$70,000
Historic Data - December 2010
Assets	$129.39 million
Equity Capital	$11.03 million
Loan Loss Allowance	$373,000
Unbacked Noncurrent Loans	$1.14 million
Profit Margin - Quarterly
Net Interest Margin	5.1%
Return on Assets	-0.04%
Return on Equity	-0.51%
Interest Income	$4.19 million
Non-Interest Income	$2.52 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 LOC Credit Union had $984,000 in non-current loans and owned real-estate with $10.89 million in equity and loan loss allowances on hand to cover it. This gives LOC Credit Union a Texas Ratio of 9.04% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for LOC Credit Union held steady from 9.97% as of December 31, 2010 to 9.04% as of December 31, 2011, resulting in a positive change of 9.33%.This indicates that the balance sheet and financial strength for LOC Credit Union has held steady in recent periods.
Deposit Growth
In the past year, LOC Credit Union has increased its total deposits by $10.34 million, resulting in 8.87% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth LOC Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. LOC Credit Union has $139.57 million in assets with $10.89 million in equity, resulting in a capitalization level of 7.80%, which is below average.