Overview / Commentary
The Local Credit Union (MI) is headquartered in Sterling Heights and is the 111th largest credit union in the state of Michigan. It is also the 1,778th largest credit union in the nation. It was established in 1949 and as of March of 2025, it had grown to 22 employees and 9,883 members at 1 location. The Local Credit Union (MI) has an A health rating.
Field of Membership Restrictions
Membership in The Local Credit Union is open to members of union locals headquartered in the Michigan counties of Macomb, Oakland, or Wayne, and retirees receiving a pension or social security.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63342 |
| Year Chartered | 1949 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 2.04% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $106.8MM$107.2MM |
| Loans | Q1 2025vs Q1 2024 | $43.7MM$46.8MM |
| Deposits | Q1 2025vs Q1 2024 | $91.4MM$93.1MM |
| Equity Capital | Q1 2025vs Q1 2024 | $14.3MM$12.7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $368K$408K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $283K$416K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |