LOC Named Five-Star Credit Union by BauerFinancial!
LOC Credit Union (LOC) is proud to announce it has earned BauerFinancial's highest five-star rating for financial strength and stability. This is the highest rating a credit union can receive and denotes the highest level of banking performance. This rating by BauerFinancial highlights that the institution is safe, financially sound, and operating well above its regulatory capital requirements. What this means for LOC members is peace of mind. Anyone who deposits funds with LOC can be assured their funds are safe and secure!
As a member-owned, not-for-profit financial cooperative, LOC sets itself apart from other local financial institutions by offering:
- Best-in-market new and used auto loan rates starting at 4.99% APR
- Unique-in-market home equity programs that offer the same great rate regardless of credit score
- Best-in-class Mortgages & Real Estate Lending expertise
- Special discounts and offers for military, law enforcement, fire protection, health care and educational employees and retirees through our Loving Our Community Heroes program
- Financial literacy partnerships with our local school districts
We take pride in our deep roots beginning in 1935 as Fordson Teachers’ Credit Union and in 1950 as Farmington Township School Employees Federal Credit Union.
Today as a state-chartered credit union, LOC serves 30,000 members and has approximately $450 million in assets. We provide members with a full range of products and services to meet member needs from basic checking accounts, unique mortgage and home equity solutions, to robust Digital Banking, as well as award-winning wealth management options.
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