LOC Federal Credit Union

Overview / Commentary
22981 Farmington Rd
Farmington, MI 48336

LOC Federal Credit Union is headquartered in Farmington and is the 55th largest credit union in the state of Michigan. It is also the 996th largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 42 employees and 24,750 members at 3 locations. LOC Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Livingston or SW Oakland County and their immediate family members.
See current membership details


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Health Grade Components

NCUA #6651
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD15.44%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$227.2MM$215.9MM
LoansQ4 2019vs Q4 2018$124.5MM$116.8MM
DepositsQ4 2019vs Q4 2018$205.9MM$196.7MM
Equity CapitalQ4 2019vs Q4 2018$17.8MM$14.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$457.00K$395.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$330.00K$559.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

LOC Federal Credit Union Savings Account Rates

0.25%--Variable IRA
0.05%$100-Regular Share
0.05%$100-Christmas Club Account
0.05%$100-Vacation Club Account
0.05%--Youth Regular Share

LOC Federal Credit Union Money Market Rates

0.15%*$50k*-Money Fund
OTHER TIERS: 0.10% $2.5k - $50k
0.15%*$50k*-Premier Money Fund
OTHER TIERS: 0.10% $25k - $50k

LOC Federal Credit Union CD Rates

0.90%$250-60 Month Certificate
0.80%$250-48 Month Certificate
0.70%$250-36 Month Certificate
0.60%$250-24 Month Certificate
0.50%$250-12 Month Certificate
0.50%$250-18 Month Certificate
0.30%$250-6 Month Certificate
0.15%$250-3 Month Certificate

LOC Federal Credit Union IRA Rates

0.90%$250-60 Month IRA
0.80%$250-48 Month IRA
0.70%$250-36 Month IRA
0.60%$250-24 Month IRA
0.50%$250-12 Month IRA
0.50%$250-18 Month IRA
0.30%$250-6 Month IRA
0.15%$250-3 Month IRA

LOC Federal Credit Union Locations
Branch Office10002 Highland RdHartland, MI 48353-2520
Branch Office3020 W Grand River AveHowell, MI 48843-8539
Branch Office22981 Farmington RdFarmington, MI 48336

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