Loc
Loc is a credit union based in Farmington, Michigan, established in 1935, with $483 million in total assets serving 27,695 members. By Trust Grade it ranks 106th of 170 credit unions we track in Michigan. Its net worth ratio of 9.9% trails most similarly sized credit unions (30th percentile), versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 1.05% return on assets. No consumer complaints against Loc appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Loc compares to Michigan peers
How we graded Loc
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.9% capital ratio)
- Strongly profitable (ROA 1.05%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Loc over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Loc insured?
Yes. Loc is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Loc: frequently asked questions
Is Loc a good credit union?
Loc earns a Bankzia Trust Grade of A (90/100, "Excellent"), based on a financial-strength score of 90/100 (it has no CFPB complaints on record). Well-capitalized (9.9% capital ratio); Strongly profitable (ROA 1.05%).
Is Loc NCUA-insured?
Yes. Loc is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Loc?
Loc holds $483 million in total assets, ranking 106th of 170 credit unions we track in Michigan. It serves 27,695 members.
Does Loc have CFPB complaints?
No CFPB complaints against Loc appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
