THE LOCAL Credit Union Profile
Showing details for THE LOCAL Credit Union.
Credit Union Profile for: THE LOCAL
THE LOCAL
Headquarters Contact & Staff
Contact & Info
Phone: (586) 264-1212
Fax: (586) 264-9447
Founding Date: N/A
Website: http://www.thelocalcreditunion.com
Personnel & Operations
President: Cusenza, Joseph
Manager: Hallman, Joseph
FT Employees: 21
PT Employees: 0
Designations & Ratios
MDI Status: No
RBC Ratio: 0%
Membership Type: 99
Branches: 1
Hours: Monday through Thursday 9:00 am to 5:00 pm
Credit Union Profile Summary
THE LOCAL is a FISCU Credit Union. With a total of 9,793 members [1], this institution manages approximately $104,675,064 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 15.24% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -7.66% [1].
Financial Snapshot
Performance Ratios
This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.
Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.
Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.
Four-Quarter Growth
Indicates change in total size. Positive growth means the credit union is expanding its operations.
Shows change in lending activity. Positive growth means they are actively increasing their lending business.
Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.
Headquarters Location & Map
Member Ratings & Reviews
Average Member Rating:
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Branch Locations
Found 1 branches reported by THE LOCAL (Charter #63342).
Main Office
The Local Credit Union Main Office
39139 Mound Rd
Sterling Heights, MI 48310-2737
Phone: (586) 264-1212
Services: Member Services, ATM