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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 LOC Credit Union Rates & Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: March 27, 2026
LOC Credit Union's Personal Loan Rates are at 10.50%. MonitorBankRates evaluates the financial stability of LOC Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.72%. Rates were last updated on 03/27/2026. LOC Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at LOC Credit Union? Share your experience about LOC Credit Union by leaving a review below, or read customer reviews before you decide to use LOC Credit Union. 
LOC Credit Union Savings Rates
LOC Credit Union Home Equity & HELOC
LOC Credit Union Auto Loan Rates
LOC Credit Union Credit Card Rates
LOC Credit Union Personal Loan Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for LOC Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather LOC Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with LOC Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
LOC Credit Union
Website
https://loccreditunion.com
Address
22981 Farmington Rd,
Farmington, MI 48336 3915
Phone
248-474-2502
Fax
President
Paul Renko
CEO
Stephen Grech
Full-Time Employees
85
Part-Time Employees
7
Branch Locations
6
ATM Locations
6
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (99/100)
Texas Ratio
2.72%
Return on Assets (ROA)
0.6617%
Return on Equity (ROE)
6.6979%
Non-Performing Loans Ratio (NPL)
0.49%
Total Assets
462,494,318
Total Amount of Shares and Deposits
413,455,317
Total Shares and Deposits < 1 Year
407,892,908
Total Shares and Deposits 1 3 Years
5,342,788
Total Shares and Deposits > 3 Years
219,621
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
20,315,934
Total Uninsured Shares and Deposits > $250K (F+J)
20,315,934
Total Insured Shares and Deposits > $250K (item 17 less item K)
393,139,383
Total Interest Expense (Sum of items 6 8)
2,460,552
Share Certificates
2,173
Number of Accounts for Share Drafts
19,424
IRA KEOGH Accounts
585
Number of Accounts for Regular Shares
35,783
Money Market Shares
2,460
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
22,723,336
Total Liabilities
419,452,840
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About LOC Credit UnionIs LOC Credit Union a safe place to deposit money?Yes, LOC Credit Union is considered a safe financial institution. With a Texas Ratio of 2.7218106004577%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does LOC Credit Union operate?LOC Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join LOC Credit Union?Yes, to access services at LOC Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, LOC Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, LOC Credit Union provides members with tools to manage their accounts and build a solid financial history. Does LOC Credit Union offer online and mobile banking?Most modern institutions like LOC Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://loccreditunion.com. Compare to Other Credit Unions
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