News & Financial Tips

• How To Oppose Proposed IRS Reporting Requirements
  

  You may be aware of the debate going on in Washington regarding the Build Back Better Act infrastructure plan being considered by lawmakers. Included in the act are the various means that lawmakers are considering to fund their plans.

  One such proposal being considered would require credit unions and other financial institutions to report to the Internal Revenue Service (IRS) how much money has gone into and out of many consumer accounts.

• Farmington Public Schools Celebrates 25-Year Partnership With LOC Credit Union
  

  It all started 25 years ago with a dream to educate children about the ins and outs of banking. What started as an idea, has flourished into a beautiful 25-year partnership between Farmington Public Schools and LOC Credit Union.

• Exciting Merger News From LOC Credit Union!
  

  Follow the link to learn more about the proposed merger with MemberFocus Community Credit Union.

• Unique Mortgage Solutions
  

  While we know every buying situation is unique, we've crafted a number of different programs that could fit each of your financing needs.

• LOC Voted Best Metro Detroit Credit Union
  

  LOC Credit Union (LOC) has been named Best Credit Union in the Best of Best Detroit Awards sponsored by the Detroit Free Press.

• Why Dealership Financing May Not Be The Best Option
  

  When choosing between financing at a dealership or credit union ask yourself which one will be more beneficial in the long run.

• Have You Considered Buying Out Your Current Lease?
  

  When your lease is over, you could drop the car off with the dealer, sign a few papers, and walk away. But have you considered what comes next? Have you considered buying out your current lease?