LOC Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.60%	5-year CD	60 Month Certificate 2.35% - Synchrony Bank 60 Month CD
0.15%	1-year CD	12 Month Certificate 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Regular Share 1.20% - Goldman Sachs Bank USA Online Savings

View all LOC Federal Credit Union rates »

Overview / Commentary

www.locfederal.com

248-474-2200

22981 Farmington Rd
Farmington, MI 48336

LOC Federal Credit Union is headquartered in Farmington and is the 53^rd largest credit union in the state of Michigan. It is also the 1,002^nd largest credit union in the nation. It was established in 1950 and as of March of 2017, it had grown to 42 employees and 25,514 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

A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	6651
Year Chartered	1950
Employees	42
Primary Regulator

Profit Margin
Return on Assets - YTD	0.51%
Return on Equity - YTD	9.06%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$208.9MM$190.6MM
Loans	Q1 2017vs Q1 2016	$101.7MM$84.5MM
Deposits	Q1 2017vs Q1 2016	$194.5MM$176.9MM
Equity Capital	Q1 2017vs Q1 2016	$11.6MM$11.5MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$301.00K$256.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$219.00K$452.00K
Real Estate Owned	Q1 2017vs Q1 2016	$95.00K$0

Rates

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Savings
Money Market
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	Variable IRA
0.05%	$100	-	Regular Share
0.05%	$100	-	Christmas Club Account
0.05%	$100	-	Vacation Club Account

LOC Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$50k^*	-	Money Fund
OTHER TIERS: 0.05% → $2,500 - $10k \| 0.10% → $10k - $50k
0.15%^*	$50k^*	-	Premier Money Fund
OTHER TIERS: 0.10% → $25k - $50k

LOC Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$250	-	60 Month Certificate
0.40%	$250	-	48 Month Certificate
0.30%	$250	-	36 Month Certificate
0.25%	$250	-	24 Month Certificate
0.20%	$250	-	18 Month Certificate
0.15%	$250	-	12 Month Certificate
0.10%	$250	-	6 Month Certificate
0.05%	$250	-	3 Month Certificate

LOC Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	-	-	60 Month IRA
0.40%	-	-	48 Month IRA
0.30%	-	-	36 Month IRA
0.25%	-	-	24 Month IRA
0.20%	-	-	18 Month IRA
0.15%	-	-	12 Month IRA
0.10%	-	-	6 Month IRA
0.05%	-	-	3 Month IRA

Locations

LOC Federal Credit Union Locations
Branch Office	10002 Highland Rd	Hartland, MI 48353-2520
Branch Office	3020 W Grand River Ave	Howell, MI 48843-8539
Branch Office	22981 Farmington Rd	Farmington, MI 48336