Mission
WE OFFER A COMMITTMENT TO OUR MEMBERS TO PROVIDE QUALITY FINANCIAL SERVICES IN A FRIENDLY MANNER WITH SOUND PROFESSIONAL LEADERSHIP.
Public Charity
LOC CREDIT UNION
Based in FARMINGTON, MI, LOC CREDIT UNION operates as a Public Charity. The organization reported $22.2M in revenue, $18.4M in expenses, $445.9M in total assets for fiscal year 2024.
EIN: 380549595
FARMINGTON, MI
Latest filing: 2024
Total Revenue$22.2M
Total Expenses$18.4M
Total Assets$445.9M
Grant Records0
Filing Years2019–2024
Officers & Directors
DIRECTOR
Anne Schroeder
DIRECTOR
Betty Richards
EVP OPERATIONS AND TECHNOLOGY
Christena Koester
TREASURER
Dale Countegan
VP & CHIEF INFORMATION OFFICER
Darin Bentley
DIRECTOR
David Drake
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $22.2M | $18.4M | $445.9M |
| 2023 | $18.8M | $14.6M | $434.9M |
| 2022 | $12.1M | $8.4M | $450.3M |
| 2020 | $3.9M | $3.3M | $126.6M |
| 2019 | $4.4M | $3.6M | $107.3M |
Between 2019 and 2024, reported annual revenue grew from $4.4M to $22.2M (+400%), with total assets most recently reported at $445.9M.
Interactive year-over-year charts and full filing details available with membership.