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 Road
- Branches
- 7
- ATMs
- 7
- Members
- 27,710
- Membership Type
- Community
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Exceptionally well-capitalized with outstanding net worth ratio, very low delinquency, and strong earnings. One of the most financially sound credit unions in the country.
Financial Overview
Total Assets
Members
27,710 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | LOC |
|---|---|
| Total Assets | $467.0M |
| Members | 27,710 |
| Loans Outstanding | $253.3M |
| Shares & Deposits | $417.2M |
| Net Worth | $46.9M |
| Net Worth Ratio | 10.03% |
| Loan-to-Share Ratio | 60.7% |
| Delinquency Rate | 0.48% |
| Net Income | +$4,457,183 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
Branch Locations
7 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.
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View Michigan RankingsFrequently Asked Questions
Yes. LOC is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, LOC has 27,710 members and a potential membership field of 10,127,884 people.
LOC's net worth ratio is 10.03% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 10.0%, LOC meets this threshold.
LOC operates 7 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 (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or LOC. All financial data is for informational purposes only.