Loc Credit Union Farmington MI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Loc Credit Union, your trusted financial partner located at 22981 Farmington Rd, Farmington, MI 48336. Established in 1935, we have proudly served our community for over 85 years, growing alongside our members and adapting to their needs. With a total membership of 27,830 and assets exceeding $444,377,926, we are committed to providing exceptional financial services that empower our members. At Loc Credit Union, we understand the importance of community and relationships. Our dedicated team of 95 employees, led by CEO Stephen Grech and Board President Michael Lasley, is here to ensure you receive personalized service tailored to your financial goals. Whether you're looking for a new vehicle loan, mortgage refinancing, or just want to manage your day-to-day banking needs, we've got you covered. Our branch not only offers a comprehensive range of services including personal banking, business loans, and online banking solutions but also ensures that every transaction is seamless and secure. We believe in transparency; with total loans amounting to 13,921 and deposits reaching $23,172,995, you can trust us with your finances. While you can visit us at our branch address mentioned above for all your banking needs, official correspondence should be sent to our mailing address: 22981 Farmington Road, Farmington, MI 48336-3915. We invite you to experience the difference with Loc Credit Union. Call us today at 248-474-2502 or explore more about our offerings on our website loccreditunion.com. Join us on this journey towards achieving your financial dreams!

Branch History & Mission

Commitment to Service

Our branch operates Monday through Thursday from 9:00 am to 5:00 pm and extends hours on Fridays until 6:00 pm and Saturdays until 1:00 pm making it convenient for you to access your financial needs. With both ATM availability and drive-thru banking options, we aim to provide a seamless experience whether you're visiting in person or using digital platforms.

Join Us

We invite you to experience the difference that comes with being a part of Loc. By choosing us as your financial partner, you are not just opening an account; you're joining a community committed to supporting each other's goals and dreams. Visit us today or call us at 248-474-2502 let's take this journey together!

Mission Statement

At Loc, our mission is clear: we are dedicated to providing quality financial services while actively supporting our community. We believe that when our members thrive, so does our community. Our services include checking and savings accounts, auto loans, mortgage options, personal loans, and business banking all designed with your needs in mind. We also take pride in our community outreach efforts. From sponsoring local events to partnering with schools and charities, we strive to give back and support initiatives that improve the lives of those around us. While members can visit us at 22981 Farmington Rd, official correspondence should be sent to 22981 Farmington Road, Farmington, MI 48336-3915.

Our Journey

From the moment we opened our doors, Loc has focused on empowering individuals and families by providing accessible financial services. Throughout our history, we've embraced innovation while remaining true to our mission of putting members first. Today, with total assets reaching an impressive $444,377,926, we continue to expand our offerings to meet the diverse needs of our membership. Our journey has been marked by key milestones, including the introduction of modern digital banking solutions that enhance convenience for our members. We've made significant strides in making banking accessible for everyone by ensuring ADA compliance and investing in technology that allows easy access to accounts from anywhere.

Branch Location & Accessibility

Accessibility Features

We believe banking should be accessible for everyone. Our branch complies with ADA standards, featuring ramps and other facilities to accommodate all members of our community. Whether you're visiting for personal banking or business services, you'll find our space welcoming and easy to navigate.

Banking Hours

At Loc, we understand that your time is valuable. That's why we offer flexible 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. We aim to be here when you need us most!

Convenient Location

Nestled in the heart of Oakland, our location is easily reachable from major roadways, making it simple for you to visit us. Plus, if you're looking for nearby landmarks, we're just a stone's throw away from local favorites like [insert nearby landmark] and [insert another landmark]. Parking is available right outside our branch, ensuring that your visit is hassle-free.

Get in Touch

Have questions? Feel free to call us at (248) 474-2502 or stop by during our business hours. At Loc, we're excited to serve you and help you achieve your financial goals! Visit us today!

Services Offered

Our branch offers a range of services tailored to meet your needs. From personal checking and savings accounts to auto loans and mortgage financing, we have something for everyone. Need cash? Enjoy easy access to our ATM available on-site or take advantage of our drive-thru banking for quick deposits and withdrawals without leaving your car. While members can visit us at 22981 Farmington Rd Farmington Mi 48336, official correspondence should be sent to 22981 Farmington Road, Farmington, MI 48336-3915 if it's different.

Member Eligibility

Joining Loc means becoming part of a welcoming community that prioritizes your financial well-being. To become a member, you just need to meet a few simple criteria. Typically, individuals who live, work, or worship in the area can join us. We value everyone's unique story and strive to support our members through personalized services and tailored financial products. If you're curious about the specifics of eligibility, feel free to check out more details at . Opening an account with us is a breeze! Just visit our website or give us a call at (248) 474-2502 for any assistance you might need along the way. We're excited to help you get started on your journey with Loc, located at 22981 Farmington Rd Farmington Mi 48336. Whether it's savings accounts, loans, or any other services we offer, becoming a member opens up a world of opportunities for you!

Business Banking & Commercial Services

Commercial Loan Options

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

Imagine having the ability to accept payments easily from your customers whether they prefer cash, card, or mobile payments. Our merchant services make it simple for businesses like yours to process transactions smoothly. This not only enhances customer satisfaction but also boosts sales potential by offering diverse payment options. Located at 22981 Farmington Rd Farmington Mi 48336 in Farmington, MI, we're here to provide the financial support you need to take your business further. Contact us today at (248) 474-2502 or visit our website at https://www.loccreditunion.com/ to learn more about how we can assist you on your journey toward success!

Comprehensive List Of Services

ATM & Drive-Thru Services

Need cash on the go? Our ATM services allow for quick withdrawals and balance checks without stepping inside. If you prefer face-to-face interactions but want the convenience of quick transactions, take advantage of our Basic Drive-Thru Banking, where you can make deposits, withdrawals, and handle simple transactions without leaving your car. At Loc, located at 22981 Farmington Rd Farmington Mi 48336, we are dedicated to providing services that not only meet but exceed your expectations. Our friendly staff is always ready to assist you at every turn. If you have any questions or want to learn more about how we can help you achieve your financial goals, don't hesitate to call us at (248) 474-2502 or visit us online at Farmington. Join us today and experience banking that's personal!

Business Banking

For local entrepreneurs, we offer robust Business Banking solutions, including Merchant Services & Business Loans tailored to help your business thrive. We understand the unique challenges faced by small businesses and are here to support your journey.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why at Loc, we provide comprehensive Online & Mobile Banking options. You can manage your accounts, transfer funds, and pay bills right from your smartphone or computer making banking simpler than ever before.

Financial Solutions

Sometimes life throws unexpected expenses your way. That's where our Personal Loans & Debt Consolidation come into play, providing you with the flexibility to handle any financial challenge. Plus, with our Credit Cards with Rewards, every purchase can earn you benefits that enhance your spending power.

Personal Banking

Whether you're just starting out or looking to manage your wealth, our Personal Banking options have something for everyone. With Checking & Savings Accounts, you can choose the right account that fits your lifestyle. Need a new car? Our Auto Loans & Vehicle Financing make it simple and affordable to drive away in your dream vehicle. For those considering home ownership or refinancing, our Mortgage Loans & Refinancing services guide you through every step of the process.

Digital & Online Banking

Key Services

Visit us at https://www.loccreditunion.com/ to explore our user-friendly online banking platform. You can access your accounts 24/7, making it easier than ever to check balances, transfer funds, and pay bills whenever it fits into your schedule. Plus, our mobile application enhances this experience with features like mobile payments, allowing you to make purchases directly from your phone with just a few taps. For those who prefer paperless options, we offer e-statements that keep your financial documents organized and accessible without the clutter. And if you need to sign documents quickly, our electronic signature authorization simplifies the process so you can complete transactions securely and efficiently.

Security and Accessibility

Your security is our top priority. Our online banking services utilize advanced security measures to ensure your information is protected at all times. Whether you're making person-to-person transfers or accessing sensitive account details, you can rest assured that your data is safe with us. We're committed to providing a banking experience that's not only secure but also accessible. Whether you're on the go or at home, our tools are designed for real-time account management that fits seamlessly into your lifestyle. Explore everything we have to offer at https://www.loccreditunion.com/ and take advantage of the modern conveniences available through Loc today!

Financial Strength

A Solid Foundation

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.

Growing Together

We cherish the trust placed in us by our growing member base of 60,307 accounts. This reflects our dedication to being your trusted partner in achieving your financial dreams. Net Shares available for lending and investments stand at $0, emphasizing our commitment to maximizing resources for your benefit. 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 22981 Farmington Rd Farmington Mi 48336 or call (248) 474-2502 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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 commitment to operational efficiency is reflected in our $0, which enables 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.

Reinvestment in Your Future

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 capacity to lend is evident with $4,129 in used auto loans and $252,675,531 in total loans and leases. This supports our members' financial goals across various sectors.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans cover both new and used vehicles, with a total of $8,258 in auto loans already issued. Whether you're interested in driving away in a brand-new model or a reliable pre-owned vehicle, we've got you covered with financing options tailored for you.

Credit Lines

For those who prefer flexibility, we also offer credit lines totaling $40,000,000. This product allows you to access funds as needed while only paying interest on what you use. It's an excellent way to manage ongoing expenses without the commitment of a traditional loan.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing straightforward. We offer Junior Lien 1-4 Family Residential Properties loans totaling $49,908,432. Our team is here to guide you through every step of the process, from application to closing.

Refinancing Options

If you're already carrying existing debt, we have refinancing options available to help reduce your monthly payments and overall interest costs. Our team can assist you in determining eligibility and finding the best solution for your financial situation. For any inquiries or if you need assistance in selecting the right loan product for your needs, feel free to reach out to us at (248) 474-2502 or visit us at our branch located at 22981 Farmington Rd Farmington Mi 48336 in Farmington, MI. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At Loc, we are committed to providing our members with exceptional service and financial products that make sense for their lives.

Unsecured Credit Card Loans

Managing day-to-day expenses can be easier with our unsecured credit card loans. With a total of $4,020,097 in loans available, we provide flexible terms to help our members manage their finances effectively. This option is great for those looking for short-term financing solutions without needing collateral.

Loan Aggregator

Benefits of Using LendMesh

One of the key advantages of using LendMesh is the Verified Data feature. Loan offers are sourced from legitimate financial institutions, ensuring transparency in what you see. Additionally, LendMesh prides itself on having No Sponsored Listings. Unlike other comparison tools that prioritize lenders based on paid promotions, LendMesh focuses solely on providing unbiased results. Another significant benefit is the Real-Time Rate Comparisons. Users have access to up-to-date loan rates from multiple institutions, which aids in making well-informed choices about borrowing options. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights how effective and user-friendly the tool is. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This sourcing ensures that users receive fair and transparent offers. Each lender's information is verified to guarantee accuracy, giving you peace of mind that the rates you see are reflective of current market conditions.

LOC CREDIT UNION - Farmington, MI