22981 Farmington Rd
Farmington, MI 48336
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Loc is an NCUA insured institution located in Farmington, MI. It was founded in 1950 and has approximately $327.36 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 | $327.36 million |
Loans | $173.43 million |
Deposits | $306.93 million |
Capital | $25.75 million |
Your Current Location: Ohio, OH 43085
Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
---|---|---|---|---|
Savings
|
0.03% | $100 | - |
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|
Money Market
|
0.05% | $2,500 | $9,999 |
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|
Money Market
|
0.05% | $10,000 | $49,999 |
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|
Premium Money Market Account
|
0.05% | $25,000 | $49,999 |
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|
CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
---|---|---|---|---|
6 Mo CD
|
0.30% | $500 | - |
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|
12 Mo CD
|
0.50% | $500 | - |
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|
18 Mo CD
|
0.50% | $500 | - |
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|
24 Mo CD
|
0.60% | $500 | - |
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|
36 Mo CD
|
0.70% | $500 | - |
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|
48 Mo CD
|
0.80% | $500 | - |
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|
60 Mo CD
|
0.90% | $500 | - |
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|
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:
Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
---|---|---|---|---|---|---|
NMLS ID: 2890 License#: MBMB.850089.000 |
6.750% | 6.625% | 1.00 | $4,141 | $2,049 | Learn More |
NMLS ID: 66247 |
6.804% | 6.750% | 0.50 | $1,770 | $2,076 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.966% | 6.875% | 0.50 | $3,145 | $2,103 | Learn More |
NMLS ID: 1025894 |
6.977% | 6.875% | 0.88 | $3,334 | $2,103 | Learn More |
Lender | APR (%)? | Monthly Payment? | Learn More |
---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 6.990 % After Intro: 6.990 % |
$0 |
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More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
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More Info |
Achieve Loans See Table |
Intro APR 10.625 % After Intro: 10.625 % |
$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:
Columbus,Ohio
Branch | Distance | Map | View Lobby Hours |
---|---|---|---|
163.60 | A | View Lobby Hours | |
164.35 | B | View Lobby Hours | |
173.80 | C | View Lobby Hours | |
188.91 | D | View Lobby Hours | |
190.94 | E | View Lobby Hours |
LOC is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
or use your BestCashCow account
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.
Loc | U.S. Average |
---|---|
1.01% | 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 $263,244 in non-current loans and $725 in owned assets. To cover these potential losses it had $25,747,117 in net worth and $492,045 in loans loss reserves. That gives it a Texas Ratio of 1.01%.
Loc | U.S. Average |
---|---|
8% | 13.93% |
Loc FCU has a net worth of 8% 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.
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