LOC Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.12%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
1.26%	1-year CD	2.65% - Barclays 12 Month Online CD
0.05%	Savings	2.00% - Ally Bank Online 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 54^th largest credit union in the state of Michigan. It is also the 1,009^th 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+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #	6651
Year Chartered	1950
Employees	43
Primary Regulator

Profit Margin
Return on Assets - YTD	0.86%
Return on Equity - YTD	13.79%
Annual Interest Income	$4.5MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$216.0MM$212.0MM
Loans	Q3 2018vs Q3 2017	$116.1MM$109.5MM
Deposits	Q3 2018vs Q3 2017	$198.0MM$194.6MM
Equity Capital	Q3 2018vs Q3 2017	$13.7MM$12.6MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$400.00K$303.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$420.00K$449.00K
Real Estate Owned	Q3 2018vs Q3 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
0.55%^*	$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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 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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