LOC Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.36%	5-year CD	60 Month Certificate 3.00% - American Express National Bank 60 Month CD
0.70%	1-year CD	12 Month Certificate 2.45% - Barclays 12 Month Online CD
0.05%	Savings	Regular Share 1.80% - American Express National Bank High Yield Savings Account

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 994^th largest credit union in the nation. It was established in 1950 and as of June of 2018, it had grown to 42 employees and 24,993 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.
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Health

B+

Data as of Q2 2018

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Health Grade Components

Overall
NCUA #	6651
Year Chartered	1950
Employees	42
Primary Regulator

Profit Margin
Return on Assets - YTD	0.82%
Return on Equity - YTD	13.8%
Annual Interest Income	$2.9MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$222.2MM$209.6MM
Loans	Q2 2018vs Q2 2017	$115.6MM$108.8MM
Deposits	Q2 2018vs Q2 2017	$204.8MM$194.6MM
Equity Capital	Q2 2018vs Q2 2017	$13.2MM$12.0MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$348.00K$322.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$450.00K$283.00K
Real Estate Owned	Q2 2018vs Q2 2017	$0$65.00K

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
0.05%	-	-	Youth Regular Share

LOC Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$100k^*	-	Premier Money Fund
OTHER TIERS: 0.20% → $25k - $50k \| 0.25% → $50k - $75k \| 0.30% → $75k - $100k
0.25%^*	$50k^*	-	Money Fund
OTHER TIERS: 0.15% → $2.5k - $10k \| 0.20% → $10k - $50k

LOC Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.36%	$250	-	60 Month Certificate
1.16%	$250	-	48 Month Certificate
1.06%	$250	-	36 Month Certificate
1.00%	$250	-	24 Month Certificate
0.80%	$250	-	18 Month Certificate
0.70%	$250	-	12 Month Certificate
0.40%	$250	-	6 Month Certificate
0.25%	$250	-	3 Month Certificate

LOC Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.36%	-	-	60 Month IRA
1.16%	-	-	48 Month IRA
1.06%	-	-	36 Month IRA
1.00%	-	-	24 Month IRA
0.80%	-	-	18 Month IRA
0.70%	-	-	12 Month IRA
0.40%	-	-	6 Month IRA
0.25%	-	-	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

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