Loc Credit Union


Our records indicate that this credit union has been acquired by LOC.


Headquarters

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

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Loc is an NCUA insured institution located in Farmington, MI. It was founded in 1935 and has approximately $446.85 millions in assets.

NCUA Insured Yes / State-Chartered
Charter Number # # 61404
Date Established 1935
Assets $446.85 million
Loans $248.47 million
Deposits $407.84 million
Capital $40.94 million
 

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in the city of Dearborn, Michigan and in the area bounded on the north, west, and south by the political boundary of Wayne County and on the east by Wyoming Avenue, south from Eight Mile Road to the Rouge River.

Deposit Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for Loc

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Loc
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Advertiser Disclosure

Loan Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

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 - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
District Lending
NMLS ID: 1835285
6.494% 6.375% 0.75 $4,000 $1,997 Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.596% 6.500% 0.63 $3,210 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.993% 6.875% 1.00 $3,852 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.313% 7.250% 0.63 $2,000 $2,183 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$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.

Branches

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:
Columbus,Ohio


Loc Locations around zip code 43085


BranchDistance Map View Lobby Hours

West Branch

163.60 A View Lobby Hours

Main Office

164.35 B View Lobby Hours


Climate Policy and Initiatives

LOC is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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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
3.40% 5.83

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 June 30, 2024, Loc had $1,389,188 in non-current loans and $15,778 in owned assets. To cover these potential losses it had $40,943,097 in net worth and $408,652 in loans loss reserves. That gives it a Texas Ratio of 3.40%.

Net Worth
Loc U.S. Average
9.15% 13.93%

Loc FCU has a net worth of 9.15% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Loc

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