couple building a savings plan

Make every dollar matter.

A solid savings plan will keep you from relying on credit to pay when expenses arise. Our options include:

  • Regular Savings: This account is required when you join and represents your member share and must remain on deposit in order to keep your membership active. Regular Savings accounts are available to members of our Youth programs.
  • Christmas Club: Save separately from your holiday shopping. Your money is automatically transferred to your checking account in November but is available to you at any time without penalty.
  • Additional / Sub Savings: Save separately for vacations, college, home renovations and those big purchase items.

Features and Benefits

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Overdraft Protection

Your Regular Savings account acts as an overdraft option for your checking account. Learn More About Overdraft options.

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Additional Account Coverage

You'll have peace of mind knowing your accounts are insured up to $1,000,000. Federally insured by the NCUA up to $250,000 and insured up to an additional $750,000 by Excess Share Insurance, a private insurance company.

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Set Goals

Want to plan for a big trip or start saving for your next big purchase? Easily setup Savings Goals within our Digital Banking platform.

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Fee-Free ATM Access

Enjoy fee-free withdrawals at more than 30,000 CO-OP Network ATMs. Learn more.

How much should I save to reach my goal?

What are you saving for: a computer, car, boat, summer home, down payment? Use this calculator to determine what you need to save on a regular basis to have the funds ready when needed.



Savings Accounts
Effective Date: Friday, July 19th, 2024
Account TypeDividend RateAPYDividends Paid
Regular Share 0.05% 0.05% Quarterly
Christmas Club Account 0.05% 0.05% Quarterly
Vacation Club Account 0.05% 0.05% Quarterly

APY = Annual Percentage Yield

Dividends are calculated using the daily balance, paid and compounded quarterly. $100 minimum balance required to earn dividends if age 18 or older. No minimum balance required if under 18. Dividend rate is subject to change at any time. Fees may reduce earnings on the regular savings account.

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.


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Let's Win Together

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.

Join Now