# LOC
FARMINGTON, MI · NCUA charter 6651 · asset band $200-500M · latest filing 2022-06 · stopped filing after 2022-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/loc-6651

Who the members are: federal charter, community charter, organized 1950. 22,111 members of 517,000 potential (4.3% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $327.4M |
| Members | 22,111 (-10.4% YoY) |
| Full-time staff | 51 |
| Net worth | $25.7M |
| Net worth ratio | 7.9% (p14 of band) |
| ROA (annualized) | 0.29% (p17 of band) |
| Total delinquency | 0.09% (p11 of band) |
| Net charge-offs (annualized) | 0.06% (p28 of band) |
| Loans / shares | 57% (p26 of band) |
| Cash / assets | 7.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.91% (p9 of band) |
| Operating expense / assets | 2.64% (p24 of band) |
| Vehicles % of loans | 36% (p49 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 260% (p83 of band) |
| Vehicle delinquency | 0.05% (p12 of band) |
| Vehicle NCO | 0.13% (p40 of band) |
| Repossessed % of vehicle book | 0.00% (p28 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 37% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 3% |
| Average share balance | $6,713 |
| Participations bought / yr | $150,000 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 61% |
| Average loan balance | $13,933 |
| Loans granted, annualized | $71.9M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 1 |  | delinquency rising |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | 3rd-party paper>100% NW |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | thin capital |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | thin capital, net worth falling |  |
| 2020-09 | 3 | delinquency rising | net worth falling |
| 2020-12 | 3 | margin squeeze | delinquency rising |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 3 |  | margin squeeze |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 3 | members leaving |  |
| 2022-03 | 4 | net worth falling |  |
| 2022-06 | 3 |  | net worth falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-07-25 [LOC Credit Union Seeks New Location in Hartland - WHMI](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQWlZ2ZUI1elFBalNFaFZwY3g5UV9lMWZaNjVkWlNaY25jeXEyNUNWNW9FdGVGcmJnWHRZYlpJOUpGWWRYR2wwRlhleHdmTEU3MEdfSmp2aUdXVVpfUWhxVWhPRUk0MHI2N014NUFpbEllUGl0OEdQS0hxZXNPS1pfWmRDd2xFUXdE?oc=5) · WHMI
- 2024-06-11 [Livingston youngsters get real world experience from student-run credit union - livingstondaily.com](https://news.google.com/rss/articles/CBMi9wFBVV95cUxQWmV4eEEyek9WSGFKbm01aEJNd001Q3hrbktqem9ic0k1TFkzelpqZ1JuYkwzaHB4eEc4RTJmS1g4SW9sMnQyYmZzOVNuTVlmcHM0S1pIZjQ0V1gyZTR3c284bEp6MUw1bW9tY1VUQkFEbU1yaFh6azhhQjJFYWx1UlVOQ0NiUGFVNDFKWUNOWlB3Nno1NFJBNjlNNjBYZS0xSndCZ01kOEdUd3RoOG5OR3czdEQ4VG42RzB2bVlWd1BaSWJieXlTZ196ZDA3R0s4a3lIVnpzOXJFbXdTTF9GVEdqY3RuSXVpakI3c2xobjJzUWtqWUFn?oc=5) · livingstondaily.com
- 2019-12-04 [Brighton man named CEO of LOC Federal Credit Union - thelivingstonpost.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQUkVZS1lxTXNLdy02LUc3eDZyYWhCRWFtSHJNRzU5Z3hqVDR5R0prcG9ERzU3SmJyaHdlaXZOWFlrbmtQMWJ3ZmxMNDVaeUNMTzk0NUFDM3c2bURFWnR0SVAzS2stV3A5bEVwaVpiTHQtal9wemhjQ0Z6d2JCakMwNmszXzZxeFJv0gGIAUFVX3lxTFBSRVlLWXFNc0t3LTYtRzd4NnJhaEJFYW1Ick1HNTlneGpUNHlHSmtwb0RHNTdKYnJod2Vpdk5YWWtua1AxYndmbEw0NVp5Q0xPOTQ1QUMzdzZtREVadHRJUDNLay1XcDlsRXBpWmJMdC1qX3B6aGNDRnp3YkJqQzA2azNfNnF4Um8?oc=5) · thelivingstonpost.com
- 2022-07-26 [Lansing firm gets more time to create jobs, avoid paying state $710,000 - Lansing State Journal](https://news.google.com/rss/articles/CBMi8gFBVV95cUxPNDBBVmUwVHUzeXl3NkZoVDIxTEY1Mkg5Y2d6Q3dUU3pHRG9CUC1UUkhGcUxzWkR6Vkg3a1BYWlpTdGljcS1UaFJtakYzLW9nNEhHTXROdHh2aXp2UEpJeEVuWFFLS21TcFNVX01sckc2dXVBdml2VllCZWFtNVluaXZxWXZrY1ExQzNydVk4ek9VYktaNWtVbjRnbjByUXlDODN4cFJnVkRmN3Y1aGtWM0ZONUhYVkx0Y0N2QktRSElLMWxPNnZSUVZYYnJzaG1ITGRIMUVRcV96MkRWaW1BWmcxTGVaZFRpY0tOZnk0SFI2dw?oc=5) · Lansing State Journal
- 2023-07-05 [City gives parking options for Farmington Hills’ 50th anniversary party - The Oakland Press](https://news.google.com/rss/articles/CBMitAFBVV95cUxQQTdVeUJfR1hMcTVyTWxYaVRlSzQ2eE1zUThGMktmSVJ5NWpKWHZVQm1zUFdXbnBlWkd6QUdydU90MGotVjkwR2x5eTdNbHRBcnpQSVctcXZ6RmpHb1Q3V0lrS040VGswdlRKd2RpOXFmaDNjek9VQl9wMzJ5M05GTG02cTFhMnNjZkJHYTI0aTNNMnpEOTViYU9KTzFfTFNUS1VNSHZlZ19IRzZpNjUyS3VSdW4?oc=5) · The Oakland Press
- 2026-09-06 [Charlene Joy Neiswonder Obituary (2026) - Village of Clarkston, MI - Coats Funeral Home - Clarkston - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxOVWxSektXT1NqcTc4anhZakRuTVF0cmxPTGp4TXJTNDF5Q1Z5bTJFbG9IZTB0aWdQMmljaG5aMDlYY3E4SGJ4ZGhyeDZPTmIwVVE0TzFpeDhmQzY0dzlqU0ZyUE9GWHR4ZFlLekJIelZjWWFVR256T0xZS09WMHdOMXR6ekVyY201OWc?oc=5) · legacy.com
- 2014-05-18 [Theresa Kull Obituary (2014) - Hartland, MI - Ann Arbor News - MLive.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQYXh5R0MwY2VlRzlDVktQcUZVNmxzT3VRUXo3Z0ZHbWl3aXZsQ2NyTzdtTEV5aTRCeFlJMXdUZW1oNzNndXpkam1kWXVJN1V4S2VSSUZUeWNJdW95QUM5WkZhOGRtQ0FTRFVKdVctUDJYWWVvM292MXBYRXZzblhJZXhQWm8tWGt4eGZGaQ?oc=5) · MLive.com
- 2024-05-03 [Ceremony celebrates construction of Brighton’s largest building - thelivingstonpost.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxNeWZpcHBFVFQyNy1jdFVmQk5VREg3Wl9rUXptWFNvQXZNblJVNUp4SGtFOWNCaGNiUE9kdXpMLURNaGZoMXFSQ28wWUNNZThrNC1kLTNyNVdZVkU5VEl6aUZVVDdzTWN2c1p4QTh3TXRSSjA3dHdqQUk0b2IwaV8xd0ZHZHZybG5EamZPVGNuc2Q3SF85OGJWS9IBmAFBVV95cUxNeWZpcHBFVFQyNy1jdFVmQk5VREg3Wl9rUXptWFNvQXZNblJVNUp4SGtFOWNCaGNiUE9kdXpMLURNaGZoMXFSQ28wWUNNZThrNC1kLTNyNVdZVkU5VEl6aUZVVDdzTWN2c1p4QTh3TXRSSjA3dHdqQUk0b2IwaV8xd0ZHZHZybG5EamZPVGNuc2Q3SF85OGJWSw?oc=5) · thelivingstonpost.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=6651 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/59.json (key "6651", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=6651
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide