LOC Credit Union Profile

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LOC

Charter #61404 | NCUA Region 1 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (248) 474-2502

Fax:

Founding Date: N/A

Website: http://www.loccreditunion.com

Personnel & Operations

President: Renko, Paul

Manager: Grech, Stephen

FT Employees: 84

PT Employees: 8

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 6

Hours: Monday - Thursday 9:00 am to 5:00 pm Friday

Credit Union Profile Summary

LOC is a FISCU Credit Union. With a total of 27,555 members [1], this institution manages approximately $460,904,141 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 9.73% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 3.35% [1].

Financial Snapshot

Total Assets [1]
$460,904,141

Total economic resources.

Total Loans [1]
$256,785,671

Total value of outstanding loans.

Total Deposits [1]
$414,154,834

Total funds deposited by members.

Members [1]
27,555

Number of active members.

Performance Ratios

Net Worth Ratio [1]
9.73%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.90%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
62.00%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 3.15%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 3.35%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -1.05%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

22981 Farmington Rd

Farmington, MI, 48336-3915
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 4 branches reported by LOC (Charter #61404).

Main Office

Farmington Main Office

Type: Corporate Office

22981 Farmington Rd

Farmington, MI 48336-3915

Phone: (248) 474-2502

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Dearborn

Chase Road

Type: Branch Office

6246 Chase Rd

Dearborn, MI 48126

Phone: (313) 581-2002

Services: Member Services, ATM

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Telegraph Road

Type: Branch Office

1050 N Telegraph Rd

Dearborn, MI 48128-1622

Phone: (313) 581-2002

Services: Member Services, ATM, Drive-Thru

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Howell

Howell

Type: Branch Office

3020 E Grand River Ave

Howell, MI 48843-8510

Phone: (517) 546-8390

Services: Member Services, ATM, Drive-Thru

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