The Local Credit Union
Sterling Height, MI
$107M
total assets, June 30, 2026
$107M
total assets, June 30, 2026
The Local Credit Union is a state credit union based in Sterling Height, MI. As of June 30, 2026 it held $106.6 million in assets and $89.9 million in deposits; assets were up 1.9% from a year before. It has 9,432 members and 1 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$107M
+1.9% in a year · -2.3% in a quarter
Deposits
$89.9M
+0.6% in a year · -2.7% in a quarter
Loans
$42.0M
-3.3% in a year · +0.7% in a quarter
Profit so far
$720K
Jan 1 to Jun 30, 2026 · +174.9% in a year
Net worth ratio
16.07%
+0.82 pts in a year
Return on assets
1.35%
+0.85 pts in a year
Facts
- Type
- State credit union
- Head office
- 39139 Mound Road, Sterling Height, MI, 48310
- Established
- Jul 22, 1949
- Employees
- 21
- Members
- 9,432
- Branches
- 1
- Id
- cu63342
Quarter by quarter
June 30, 2002 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets is a yearly rate.
Branches
1 office as of June 30, 2026
| County | Branches |
|---|---|
| Macomb, MI | 1 |
| Office | Place |
|---|---|
| The Local Credit Union (main office) | Sterling Heights, MI |
Related pages
Questions and answers
How big is The Local Credit Union?
$106.6 million in total assets and $89.9 million in deposits as of June 30, 2026, with assets up 1.9% from a year before. Its loans were $42.0 million.
How many branches does The Local Credit Union have?
1 branch in Michigan as of June 30, 2026.
How many members does The Local Credit Union have?
9,432 members as of June 30, 2026, down 3.7% from a year before.
Is The Local Credit Union profitable?
Yes: it earned $719,559 from January 1 to June 30, 2026 (up 174.9% from the same months a year before). Its return on assets was 1.35% a year; about 1% is typical.
Official public data from the reports every insured credit union files each quarter. Profit so far runs from January 1 to the quarter end. Credit union branch lists have no deposits or map positions. New quarters appear about two months after the quarter ends.