LOC
State-Chartered • Farmington, Michigan • Est. 1935
Quick Facts
- Charter Number
- #61404
- Type
- State-Chartered
- Established
- 1935
- Headquarters
- Farmington, Michigan 48336-3915
- Address
- 22981 Farmington Rd
- Branches
- 6
- ATMs
- 7
- Members
- 27,695
- Membership Type
- Community
CUScore Financial Grade
Based on Q1 2026 NCUA Call Report data
Under CUScore's rules, this institution reports a net worth ratio of at least 8% and a delinquency rate below 1.5%. This simplified grade is informational, is not an official NCUA rating, and does not determine regulatory or deposit-insurance status.
Financial Overview
Total Assets
Members
27,695 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | LOC |
|---|---|
| Total Assets | $483.4M |
| Members | 27,695 |
| Loans Outstanding | $250.0M |
| Shares & Deposits | $433.1M |
| Net Worth | $48.1M |
| Net Worth Ratio | 9.95% |
| Loan-to-Share Ratio | 57.7% |
| Delinquency Rate | 0.17% |
| Net Income | +$0 |
Source: Q1 2026 NCUA Call Report • Reporting date: 3/31/2026
Branch Locations
6 locations · 7 ATMs
Chase Road
6246 Chase Rd
Dearborn, MI 48126
Telegraph Road
1050 N Telegraph Rd
Dearborn, MI 48128-1622
Farmington
Main Office22981 Farmington Rd
Farmington, MI 48336-3915
Howell
3020 E Grand River Ave
Howell, MI 48843-8510
Hartland
10002 Highland Rd
Hartland, MI 48353
Who Can Join LOC?
Membership Type: Community
Membership eligibility for LOC may vary. Contact the credit union directly to confirm qualification requirements.
Contact LOC directly or visit their website for the most accurate and up-to-date membership eligibility information.
Find More Credit Unions in Michigan
Review the Q1 2026 statewide dataset, aggregate ratios, and institutions ranked by reported assets.
View Michigan RankingsFrequently Asked Questions
LOC is listed as federally insured in the Q1 2026 NCUA dataset. NCUA share insurance generally covers qualifying accounts up to the standard maximum amount, with coverage depending on account ownership categories. Verify current status and coverage for your accounts with the NCUA or the institution.
As of the Q1 2026 NCUA Call Report, LOC has 27,695 members and a potential membership field of 10,127,884 people.
LOC's reported net worth ratio is 9.95% as of Q1 2026. The NCUA's standard net worth ratio threshold for "well capitalized" is 7%, although official status can involve additional rules.
LOC operates 6 branch locations and has access to 7 ATMs. The main office is located at 22981 Farmington Rd, Farmington, MI 48336-3915.
LOC was established in 1935. It is a state-chartered credit union chartered under charter number 61404. The institution has been serving members for 91 years.
Data sourced from the NCUA Quarterly Call Report (Q1 2026). CUScore is an independent directory and is not affiliated with the NCUA or LOC. All financial data is for informational purposes only.