Credit union · NCUA insured
LOC Credit Union
A $483.4M credit union headquartered in Farmington, MI, with 27,695 members and 6 branches in Michigan. Best rates: CDs 4.25% and savings 0.70% APY.
LOC Credit Union Carrot Score
83
Carrot Score
Higher than 63% of U.S. banks and credit unions
#36 of 75 in Detroit, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About LOC Credit Union
Formed through roots tracing to 1935, LOC Credit Union was established in its current form by the 2022 merger of LOC Federal Credit Union and MemberFocus Community Credit Union.
Today, the state-chartered credit union serves the entire state of Michigan with branch locations in Farmington, Dearborn, Brighton, Hartland, and Howell.
- Headquarters
- 22981 Farmington Rd, Farmington, MI 48336-3915
- NCUA charter
- 61404
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan.
Family and household
- Immediate family members (spouse, sibling, child, grandchild, parent, grandparent) or individuals living in the same household of a current or eligible member are eligible for membership.
Branches
6 branches in Michigan
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Michigan
6 branches
- FarmingtonMain office22981 Farmington Rd, Farmington, MI 48336Directions
- Brighton1025 E Grand River Ave, Brighton, MI 48116Directions
- Chase Road6246 Chase Rd, Dearborn, MI 48126Directions
- Telegraph Road1050 N Telegraph Rd, Dearborn, MI 48128Directions
- Hartland10002 Highland Rd, Hartland, MI 48353Directions
- Howell3020 E Grand River Ave, Howell, MI 48843Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.16% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.36% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.02% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $57 | $76 | — |
- CapitalNet worth ratio10.16%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.36%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.02%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$57Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of LOC Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.