Business Details
50+ Years
experience
Trusted Michigan Financial Services
Memberfocus Community C U has served Michigan communities for over eight decades, rooted in a legacy of educational institution support since 1935. Formed in 2022 through the merger of LOC Federal Credit Union and MemberFocus Community Credit Union, we combine deep historical expertise with modern financial solutions. Our $465 million asset base supports 33,000 members across six Michigan locations, offering personalized services from free checking accounts to award-winning wealth management.We maintain industry-leading security standards including NCUA federal insurance and Excess Share Insurance coverage up to $1,000,000 per member. Our community commitment extends to 19 student-run credit unions and financial wellness programs, reflecting our mission to empower Michigan residents through accessible, trustworthy financial services.
Services
Free Checking
Auto Loans
Home Equity Loans
Credit Cards
Wealth Management
Digital Banking
Student Accounts
Certificates
Overdraft Protection
Details
- Year established: 1935
Highlights and features
- 85+ years serving Michigan communities with financial expertise
- Award-winning wealth management and financial education programs
- Comprehensive digital banking with advanced security features
- Member-owned cooperative structure prioritizing client interests
- Insured accounts up to $1,000,000 through dual insurance coverage
Associations and certifications
- NCUA
- Excess Share Insurance
Services
Home Equity Line of Credit
Access your home's equity with competitive rates and flexible terms. Our HELOC offers no closing costs, no annual fees, and variable rates starting at 4.99% APR. Ideal for home improvements, debt consolidation, or major expenses, this revolving credit line provides ongoing access to funds with interest-only payment options during the draw period.
Auto Loan Financing
Secure vehicle financing with rates starting at 4.60% APR for qualified borrowers. We offer new and used car loans, lease buyouts, and refinancing options with terms up to 72 months. Our best-in-market rates and 90-day payment deferral program help make vehicle ownership more accessible and affordable for Michigan drivers.
Wealth Management
Professional investment management through our Guided Wealth Portfolios platform. Combining automated technology with personal advisor access, we offer tax-efficient strategies, portfolio monitoring, and financial planning services. Backed by LPL Financial's expertise, our solutions cater to retirement planning and long-term wealth growth needs.
Digital Banking
24/7 account access with mobile deposit, bill pay, and real-time alerts. Our digital platform includes card management controls, budgeting tools, and secure messaging. Features like Visa Purchase Alerts and instant issue cards enhance security while providing convenient, modern banking capabilities from any device.
Student Financial Programs
Educational financial services through 19 school partnerships. Our student-run credit unions teach money management skills with savings accounts, budgeting tools, and financial literacy programs. Designed for K-12 students, these initiatives promote early financial responsibility through hands-on learning experiences in Farmington, Howell, and Hartland school districts.
People
Erik F. Gotaas
Registered Principal at LPL Financial
Award-winning financial advisor with 11 consecutive Five-Star Wealth Manager recognitions. Specializes in retirement planning and investment strategies, combining LPL Financial's resources with personalized guidance for client wealth growth.
Garret Gotaas
Financial Services Professional
Experienced in wealth management solutions with FINRA series 6, 7, 24, and 63 licenses. Provides comprehensive financial planning services, focusing on investment strategies and long-term client financial goals.
Questions
How can I become a member of LOC Credit Union?
Membership is open to anyone living, working, worshiping, or studying in Michigan. Immediate family members or household residents of current members also qualify. Join online or visit any branch location to open your account.
What loan options are available for home improvements?
We offer Home Equity Lines of Credit (HELOC) starting at 4.99% APR with no closing costs. These flexible credit lines allow homeowners to fund renovations, repairs, or expansions with competitive rates and tax-advantaged potential.
Do you offer student financial education programs?
Yes, we operate 19 student-run credit unions in partnership with Farmington, Hartland, and Howell public schools. These programs teach financial literacy through hands-on experience managing savings accounts and budgeting.
What security features protect my accounts?
We employ multiple security layers including card management controls, Visa Purchase Alerts, and ID Protect monitoring. All accounts receive $10,000 identity fraud coverage with Premier Checking, and our systems use advanced fraud detection technology.
How does your overdraft protection work?
We offer multiple protection options: automatic transfers from savings, linked line of credit access, and Overdraft Privilege coverage. These solutions help avoid returned item fees while providing flexible fund management options for checking account holders.
