Loc Credit Union Dearborn MI | Best Auto Loans & Business Banking

Introduction

Welcome to Loc at 1050 N Telegraph Rd, Dearborn, MI 48128! Since our establishment in 1935, we have been dedicated to serving our community with financial solutions that truly matter. With a membership of over 27,830 individuals, we pride ourselves on being a trusted partner for families and businesses alike. At Loc Credit Union, our mission is simple: to provide exceptional financial services tailored to meet the needs of our members. We manage total assets of $444,377,926 and hold $23,172,995 in deposits. Our team understands that every member's journey is unique, which is why we offer a variety of services ranging from personal banking accounts to auto loans and business financing options. Under the leadership of our CEO, Stephen Grech, and Board President, Michael Lasley, we remain committed to transparency and community engagement. Our goal is not just to grow financially but also to foster relationships built on trust. We believe in the importance of giving back and actively participate in local initiatives that support our neighbors. While you can visit us at our branch location for all your banking needs, please note that any official correspondence should be sent to our mailing address: PO Box 885, Dearborn, MI 48121-0885. With a skilled team of 95 employees, we are here to assist you during our lobby hours: Monday through Thursday from 9:00 am to 5:00 pm, Friday from 9:00 am to 6:00 pm, and Saturday from 9:00 am to 1:00 pm. If you have any questions or need assistance, feel free to call us at (313) 581-2002. Join us at Loc Credit Union where your financial well-being is our top priority! Visit us online at loccreditunion.com or stop by today!

Branch History & Mission

Community-Centric Services

At Loc Credit Union, we understand that banking should be accessible and user-friendly. We offer digital advancements such as online banking and mobile payments for hassle-free transactions. Our ATM availability ensures you can manage your finances whenever needed, while drive-thru banking provides quick service for deposits and withdrawals. We don't just stop at providing financial services; we actively engage in community outreach efforts that make a real difference. Whether it's sponsoring local events or participating in charity drives, we strive to give back because we believe in building a brighter future together.

Join Us Today!

If you're looking for a credit union that prioritizes people over profits and is deeply rooted in the community, look no further than Loc Credit Union. We invite you to join us on this journey toward financial empowerment and community support. Experience the benefits of being part of something bigger where every member counts! For more information about our services or how you can become a member, please call us at (313) 581-2002 or visit our website at Loc Credit Union.

Our Journey

Since opening our doors nearly nine decades ago, Loc Credit Union has seen significant milestones that reflect our commitment to growth and service. We have expanded our offerings to include a wide range of personal and business banking solutions everything from checking and savings accounts to auto loans and mortgages. Our total assets now stand at an impressive $444,377,926, showcasing our stability and ability to meet the diverse needs of our members.

Our Mission

Our mission is simple yet powerful: to provide exceptional financial services while fostering a strong sense of community. We believe that when individuals thrive, the entire community flourishes. This commitment drives us to support local initiatives and partner with organizations that uplift those around us. We are dedicated not just to your financial well-being but also to enhancing the quality of life in Dearborn. While members can visit us at 1050 N Telegraph Rd Dearborn Mi 48128, official correspondence should be sent to PO Box 885, Dearborn, MI 48121-0885. Our branch operates Monday through Thursday from 9:00 AM to 5:00 PM, Friday until 6:00 PM, and Saturday until 1:00 PM, making it easy for you to access our services at your convenience.

Branch Location & Accessibility

Contact Us

If you have any questions or need assistance, don't hesitate to give us a call at (313) 581-2002. Our friendly staff is ready to help you with all your banking inquiries. While members can visit us at 1050 N Telegraph Rd Dearborn Mi 48128, official correspondence should be sent to PO Box 885, Dearborn, MI 48121-0885 if it's different. We invite you to come by and experience the warmth and convenience of Loc today! Your financial journey starts here let's take the next step together!

Finding Us

Getting to Loc is straightforward. We have ample parking available, ensuring your visit is hassle-free. Our branch is designed with accessibility in mind, featuring ADA-compliant entrances and ramps for those who may need them. If you're looking for a place where banking feels welcoming and convenient, you've found it!

Hours of Operation

We know your time is valuable. That's why we offer flexible operating hours to accommodate your busy schedule. You can visit us Monday through Thursday from 9:00 am to 5:00 pm, Friday from 9:00 am to 6:00 pm, and Saturday from 9:00 am to 1:00 pm. Whether you prefer an early morning stop or a weekend visit, we're here when you need us.

Services Offered

At Loc, we provide a wide range of services tailored to fit your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgages, we've got you covered. Need quick access to cash? Our ATM services are available on-site, and our drive-thru banking allows for quick deposits and withdrawals without leaving your car.

Member Eligibility

At Loc, we believe that everyone deserves the chance to be part of a supportive community that prioritizes your financial well-being. Joining us is straightforward and welcoming! If you live, work, worship, or attend school in the area, you're likely eligible for membership. We also extend our arms to family members of existing members, making it easy for you to bring your loved ones into our fold. Becoming a member at Loc not only opens doors to tailored financial products and services but also connects you with a team that truly cares about helping you succeed. Ready to get started? You can find all the specific eligibility details on our website here. If you're interested in opening an account, just follow this link for a smooth process: Account Opening. For any questions, don't hesitate to reach out at (313) 581-2002. We're here to help you every step of the way!

Business Banking & Commercial Services

Commercial Loans That Empower Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $35 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services for Seamless Transactions

In addition to loans, our merchant services simplify transactions for your business. Imagine having the ability to process payments easily, manage your cash flow efficiently, and offer various payment options to your customers all designed to enhance their experience while boosting your revenue. Located at 1050 N Telegraph Rd Dearborn Mi 48128 in Dearborn, MI, we invite you to explore how our business banking and commercial services can help you achieve your goals. Contact us today at (313) 581-2002 to learn more!

Comprehensive List Of Services

Convenience at Your Fingertips

At Loc, we prioritize convenience. We have an ATM available for quick cash withdrawals and balance checks, as well as basic drive-thru banking for deposits and simple transactions. This means less time waiting in line and more time enjoying life! Our commitment doesn't stop there; we ensure that all our digital banking features are secure and easy to use. You can manage your finances with just a few clicks or taps on your mobile device.

Credit Cards and Business Banking

For those who want rewards for their spending, our Credit Cards with Rewards offer great benefits that can enhance your purchasing power while earning points for future rewards. If you're a business owner, we understand the importance of reliable financial services. Our Business Banking options include Merchant Services & Business Loans, helping you streamline operations and grow your venture effectively.

Financing Options

Need a new vehicle? Our Auto Loans & Vehicle Financing options are tailored to fit your budget and lifestyle. From purchasing a new car to refinancing your existing loan, we make the process simple and straightforward. For those dreaming of homeownership, our Mortgage Loans & Refinancing services can guide you through every step, ensuring you find the right mortgage solution for your needs. If you're facing unexpected expenses or looking to consolidate debt, our Personal Loans & Debt Consolidation services are here to help. You can tackle financial challenges head-on with flexible terms that suit your situation.

Get in Touch!

We invite you to experience all that Loc has to offer! For more information about our services or to get started on your financial journey, feel free to reach out at (313) 581-2002 or visit us online at Telegraph Road. Let us help you achieve your financial dreams today!

Personal Banking Solutions

When it comes to managing your day-to-day finances, our Personal Banking services offer everything you need. We provide Checking & Savings Accounts designed to help you save and grow your money efficiently. Imagine easily accessing your funds through our user-friendly Online & Mobile Banking platform. With features like eStatements and mobile payments, you can manage your accounts anytime, anywhere.

Digital & Online Banking

E-Statements and Mobile Features

In today's fast-paced world, receiving paper statements can be cumbersome. That's why we offer e-statements at Loc. You can view and download your statements online whenever you need them, helping you stay organized and reduce clutter. Our mobile application enhances your banking experience even further. With features like mobile payments and person-to-person transfers, sending money to friends or making purchases on the go is simple and quick. Need to make a payment? Just use your smartphone it's that easy!

Security and Accessibility

We take security seriously. Our systems are built to protect your personal information while providing convenient access to your accounts. With features like multi-factor authentication and encrypted transactions, you can bank with peace of mind. At Loc, we believe in making banking accessible for everyone. Our online services empower you to manage your finances in real-time without stepping foot inside a branch. From transferring funds to checking account balances, our digital tools put control back in your hands. Explore all the ways our digital banking services can benefit you by visiting us at https://www.loccreditunion.com/ today!

Financial Strength

Conclusion

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Loc is your trusted partner. Visit us at 1050 N Telegraph Rd Dearborn Mi 48128 or call (313) 581-2002 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Financial Health Overview

With a net worth of $41,642,547, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $936 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Investment in Member Services

With $37,436,692 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $4,129 in used auto loans and $252,675,531 in total loans and leases.

Member Savings Security

Members' savings are secured through $49,131,293 in share certificates and $82,327,865 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 86 full-time employees and 9 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. With net shares available for lending at $0, our ability to support your financial journey continues to grow. The trust of our community is evident with a total of 60,307 share accounts representing a strong and growing member base that trusts us with their finances.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $57,678,260 in used vehicle loans and $19,261,743 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates that can fit within any budget.

Credit Lines

If you're looking for additional flexibility in managing your cash flow, our credit lines total $40,000,000. They provide you with easy access to funds when you need them most whether it's for unexpected expenses or planned projects. For those considering refinancing options or unsure about eligibility requirements, our team is ready to discuss various pathways tailored to fit your specific situation. At Loc, we are committed to providing transparent information and personalized support. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Reach out today at (313) 581-2002 or visit us during our operating hours Monday through Thursday from 9:00 am to 5:00 pm, Friday from 9:00 am to 6:00 pm, and Saturday from 9:00 am to 1:00 pm to learn more about how our loan products can help you achieve your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $49,908,432, make buying or refinancing simple. We can assist you through every step of the process, ensuring you understand your options and make informed decisions.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $4,020,097 in loans helping members manage their finances effectively. These cards come with competitive interest rates and rewards programs that enhance your purchasing power while keeping your finances manageable.

Loan Aggregator

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Ensuring Accurate Comparisons

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LOC CREDIT UNION - Dearborn, MI