LOC Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.31% | 5-year CD | 60 Month Certificate |
| 0.55% | 1-year CD | 12 Month Certificate 0.90% - National Average |
| 0.05% | Savings | Regular Share |
LOC Federal Credit Union is headquartered in Farmington and is the 53rd largest credit union in the state of Michigan. It is also the 987th largest credit union in the nation. It was established in 1950 and as of March of 2018, it had grown to 45 employees and 25,209 members at 3 locations. LOC Federal Credit Union has a B+ 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
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6651 |
| Year Chartered | 1950 |
| Employees | 45 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 14.44% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $224.2MM$208.9MM |
| Loans | Q1 2018vs Q1 2017 | $110.3MM$101.7MM |
| Deposits | Q1 2018vs Q1 2017 | $206.8MM$194.5MM |
| Equity Capital | Q1 2018vs Q1 2017 | $13.0MM$11.6MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $300.00K$301.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $364.00K$219.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$95.00K |
Always verify rates and promotions with the bank or credit union. We are not LOC Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* 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 | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $50k* | - | Money Fund | ||
| OTHER TIERS: 0.15% → $2,500 - $10k | 0.20% → $10k - $50k | |||||
| 0.25%* | $50k* | - | Premier Money Fund | ||
| OTHER TIERS: 0.20% → $25k - $50k | |||||
LOC Federal Credit Union CD Rates
LOC Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.31% | - | - | 60 Month IRA | |
| 1.11% | - | - | 48 Month IRA | |
| 1.00% | - | - | 36 Month IRA | |
| 0.95% | - | - | 24 Month IRA | |
| 0.75% | - | - | 18 Month IRA | |
| 0.55% | - | - | 12 Month IRA | |
| 0.40% | - | - | 6 Month IRA | |
| 0.25% | - | - | 3 Month IRA |
| 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 |