Featured Savings Rates
Featured Accounts

LOC Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.60%5-year CD60 Month Certificate
0.15%1-year CD12 Month Certificate
0.05%SavingsRegular Share

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

LOC Federal Credit Union is headquartered in Farmington and is the 53rd largest credit union in the state of Michigan. It is also the 1,006th largest credit union in the nation. It was established in 1950 and as of June of 2017, it had grown to 43 employees and 25,343 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

Health Grade Components

Overall
NCUA #6651
Year Chartered1950
Employees43
Primary Regulator
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD12.54%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$209.6MM$196.5MM
LoansQ2 2017vs Q2 2016$108.8MM$85.7MM
DepositsQ2 2017vs Q2 2016$194.6MM$181.7MM
Equity CapitalQ2 2017vs Q2 2016$12.0MM$12.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$322.00K$278.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$283.00K$526.00K
Real Estate OwnedQ2 2017vs Q2 2016$65.00K$0
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

LOC Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office10002 Highland RdHartland, MI 48353-2520
Branch Office3020 W Grand River AveHowell, MI 48843-8539
Branch Office22981 Farmington RdFarmington, MI 48336