Overview / Commentary
248-474-2200
22981 Farmington Rd
Farmington, MI 48336

LOC Federal Credit Union is headquartered in Farmington and is the 54th largest credit union in the state of Michigan. It is also the 1,009th largest credit union in the nation. It was established in 1950 and as of September of 2018, it had grown to 43 employees and 25,002 members at 3 locations. LOC Federal Credit Union's CD rates are 40% higher than the national average, and it 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.
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Health
B+

Health Grade Components

Overall
NCUA #6651
Year Chartered1950
Employees43
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD13.79%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$216.0MM$212.0MM
LoansQ3 2018vs Q3 2017$116.1MM$109.5MM
DepositsQ3 2018vs Q3 2017$198.0MM$194.6MM
Equity CapitalQ3 2018vs Q3 2017$13.7MM$12.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$400.00K$303.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$420.00K$449.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$65.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Premier Money Fund
OTHER TIERS: 0.40% $25k - $50k | 0.45% $50k - $75k | 0.50% $75k - $100k
0.35%*$50k*-Money Fund
OTHER TIERS: 0.25% $2.5k - $10k | 0.30% $10k - $50k

LOC Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$250-60 Month Certificate
1.92%$250-48 Month Certificate
1.81%$250-36 Month Certificate
1.76%$250-24 Month Certificate
1.36%$250-18 Month Certificate
1.26%$250-12 Month Certificate
0.85%$250-6 Month Certificate
0.45%$250-3 Month Certificate

LOC Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$250-60 Month IRA
1.92%$250-48 Month IRA
1.81%$250-36 Month IRA
1.76%$250-24 Month IRA
1.36%$250-18 Month IRA
1.26%$250-12 Month IRA
0.85%$250-6 Month IRA
0.45%$250-3 Month IRA
Locations


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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