Money Fund

Watch your savings grow.

Minimum of $2,500 to open the account
Must maintain at least $2,500 to earn dividends
Competitive rates, tiered based on your balance
Dividends compounded and paid monthly
Federally insured by the NCUA up to $250,000 and insured up to an additional $750,000 by Excess Share Insurance, private insurance company for total coverage of up to $1,000,000.

Money Fund (Variable)

Effective Date: Wednesday, May 21st, 2025

Minimum Deposit Amount	Rate	APY	Dividends Paid
$2,500-$9,999	0.45%	0.45%	Monthly
$10,000-$24,999	0.65%	0.65%	Monthly
$25,000-$49,999	0.85%	0.85%	Monthly
$50,000-$74,999	1.09%	1.10%	Monthly
$75,000-$99,999	1.19%	1.20%	Monthly
$100,000-$249,999	1.54%	1.55%	Monthly
$250,000-$499,999	1.59%	1.60%	Monthly
$500,000 and up	1.638%	1.65%	Monthly
APY = Annual Percentage Yield Dividends are calculated using the daily balance, paid and compounded monthly. $2500 minimum balance required to open and to earn dividends. Dividend rate is subject to change at any time. All member accounts are insured up to $1,000,000 (one million dollars) - Federally insured by NCUA up to $250,000 and insured up to an additional $750,000 by Excess Share Insurance, a private insurance company.

Are you ready to join LOC?

It’s easy to become a member of LOC Credit Union!

Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan.

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

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Looking For a High Rate of Return?

If you don't have an immediate need for your money, a Certificate (CD) may provide you a higher rate of return. Short and long term options are available.

Learn More