The Local
The Local is a credit union based in Sterling Height, Michigan, established in 1949, with $109 million in total assets serving 9,526 members. By Trust Grade it ranks 43rd of 170 credit unions we track in Michigan. Its net worth ratio of 15.0% is stronger than 87% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 1.29% return on assets. No consumer complaints against The Local appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Local compares to Michigan peers
How we graded The Local
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (15.0% capital ratio)
- Strongly profitable (ROA 1.29%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Local over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at The Local insured?
Yes. The Local is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The Local: frequently asked questions
Is The Local a good credit union?
The Local earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (15.0% capital ratio); Strongly profitable (ROA 1.29%).
Is The Local NCUA-insured?
Yes. The Local is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is The Local?
The Local holds $109 million in total assets, ranking 43rd of 170 credit unions we track in Michigan. It serves 9,526 members.
Does The Local have CFPB complaints?
No CFPB complaints against The Local appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
