Credit union · NCUA insured
THE LOCAL Credit Union
A $109.2M credit union headquartered in Sterling Heights, MI, with 9,526 members and 1 branch in Michigan. Best rates: CDs 3.00% and savings 0.30% APY.
THE LOCAL Credit Union Carrot Score
84
Carrot Score
Higher than 67% of U.S. banks and credit unions
#30 of 75 in Detroit, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About THE LOCAL Credit Union
Founded in 1949 by members of UAW Local 228, THE LOCAL is a credit union headquartered in Sterling Heights, Michigan.
THE LOCAL focuses on serving middle-class working families and union workers whose union locals are headquartered in Wayne, Oakland, and Macomb counties.
- Headquarters
- 39139 Mound Rd, Sterling Heights, MI 48310-2737
- NCUA charter
- 63342
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Anyone who is a member of a union local headquartered in Macomb, Oakland, or Wayne County is eligible to join.
Family and household
- All family members of eligible individuals are eligible to join.
Other ways
- Retirees receiving a pension or social security are eligible to join.
Branches
1 branch in Michigan
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Michigan
1 branch
- The Local Credit UnionMain office39139 Mound Rd, Sterling Heights, MI 48310Directions
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 | 16.07% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.26% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.36% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $47 | $76 | — |
- CapitalNet worth ratio16.07%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.26%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.36%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$47Peers’ 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 THE LOCAL Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.