22981 Farmington Rd
Farmington, MI 48336
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.65% →
1-Year CD 0.50% 0.67% →
2-Year CD 0.60% 0.75% →
5-Year CD 0.90% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Loc is an NCUA insured institution located in Farmington, MI. It was founded in 1950 and has approximately $280.97 millions in assets.

Who can join?

LOC serves all who live, work, worship and attend school in all of Livingston and SW Oakland Counties

Immediate family members of an LOC Credit Union member are also eligible for membership.
• An immediate family member is defined as a spouse, child, sibling, parent, grandparent, or grandchild.
• Immediate family members include stepparents, stepchildren, stepsiblings, and adoptive relationships.

Membership is also open to anyone
• who shares a household with someone who is currently an LOC member,
• who shares a household with someone eligible for membership or
• related to an immediate family member who is eligible for membership.

NCUA Insured Yes / Federally Chartered
Charter Number # # 6651
Date Established 1950
Assets $280.97 million
Loans $140.56 million
Deposits $257.25 million
Capital $23.23 million

Field of Membership Restrictions

Must live, work, worship or attend school in Livingston or SW Oakland County and their immediate family members.

Deposit Rates - May 8, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.03% $100 - Learn More
Money Market
0.05% $2,500 $9,999 Learn More
Money Market
0.05% $10,000 $49,999 Learn More
Premium Money Market Account
0.05% $25,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.30% $500 - Learn More
12 Mo CD
0.50% $500 - Learn More
18 Mo CD
0.50% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.70% $500 - Learn More
48 Mo CD
0.80% $500 - Learn More
60 Mo CD
0.90% $500 - Learn More

Loan Rates - May 8, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LOC

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.478% 2.375% 1.00 $3,408 $972 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.990 %
After Intro: 4.700 %
Intro Period: 12 months
$0 Learn More
More Info

Note to LOC
To upload and update your bank's rates please register. It is free to register and add rates.



Below are Loc branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Financial Details

Loc Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Loc. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Loc U.S. Average
2.47% 5.40

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2020, Loc had $592,319 in non-current loans and $725 in owned assets. To cover these potential losses it had $23,231,126 in net worth and $783,237 in loans loss reserves. That gives it a Texas Ratio of 2.47%.

Net Worth
Loc U.S. Average
8.84% 12.67%

Loc FCU has a net worth of 8.84% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Loc

Branches and Savings

What is Loc?

A federal credit union, registered with the NCUA under certificate #6651.
Learn more about credit unions here.

Is Loc FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Loc is insured by the NCUA.

Who can join Loc?

Please see Field of Membership information above for information on who is eligible to join.

What are Loc's share account and share certificate rates?

Loc's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Loc?

Loc has total capital of $23.23 million. Full information on Loc's financial position is located above.

Who owns Loc?

Credit Unions are owned by their members.

Where are Loc branches located?

See branch locations nearby.

Are Loc ATMs Open 24/7?

Do Loc ATMs accept cash deposits?

Can Loc customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Loc have a mobile app?

Does Loc have mobile deposit?

Does Loc have quick pay?

How can Loc transfer money to other banks or credit unions?

Does Loc report to credit bureaus?

Does Loc use Chexsystems?

Does Loc use Equifax?

What is Loc's toll free phone number?

What is Loc's ACH Routing Number?

What is Loc's SWIFT code?

Where can I find Loc's wire transfer form?

What is the Loc address for deposits?

What Products Does Loc Offer

Does Loc offer mortgages?

Compare mortgage rates here.

Does Loc offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Loc offer auto and RV loans?

Compare auto loan rates here.

Does Loc offer student loans or personal loans?

Compare personal loan rates here.

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