State credit union · Sterling Height, Michigan · NCUA charter #63342
The Local
Health score 79/100 (Very Good) - from the NCUA 5300 Call Report, 2025Q4.
- 79
- Health / 100
- $105.4M
- Total assets
- 9,658
- Members
- 15.6%
- Net-worth ratio
The Local - Share Insurance Coverage
Read from the 2025Q4 NCUA Call Report for charter #63342: composite supervisory bracket and risk-based capital. Full deposit-insurance coverage details in our disclaimer.
The Local - Five Health Pillars
Every bar shows this credit union's 0-100 sub-score for one pillar of the composite; weight and add the five and you land on the headline health score above, drawn from the same NCUA 5300 figures with no normalisation tricks.
- Capital (net worth ratio)100
- Asset quality (delinquency)98
- Earnings (ROA)79
- Member growth18
- Liquidity (loan-to-share)68
Weighted composite: 79/100 - each bar is the 0–100 sub-score; the composite weights them 30/25/15/15/15.
15.58% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
Financial Health Metrics
| Metric | Value | Weight |
|---|---|---|
| Net Worth Ratio | 15.58% | 30% |
| Delinquency Rate | 0.56% | 25% |
| Return on Assets | 0.29% | 15% |
| Member Growth | -3.52% | 15% |
| Loan-to-Share Ratio | 47.18% | 15% |
Health score = weighted composite of above metrics. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 2025Q4 | $105.4M | 9,658 |
| 2024Q4 | $102.9M | 10,010 |
| 2023Q4 | $106.0M | 11,185 |
Credit Union Details
- Charter Number
- 63342
- Type
- State
- Field of Membership
- Other
- Peer Group
- $100M–$500M
- State
- Michigan
- City
- Sterling Height
- Data Quarter
- 2025Q4
What This Data Says About The Local
Charter #63342, peer group $100M–$500M, a cohort of 1069 similarly-sized institutions: that's The Local, a state credit union in Sterling Height, Michigan with 9,658 members, $105.4M in total assets, and $42.1M in outstanding loans as of Q4 2025. The five-factor composite scores it 79/100 (Very Good), helped by a net worth ratio of 15.58% - above the 7.0% NCUA "well capitalized" threshold under Prompt Corrective Action rules.
Deposits deployed into lending sit at a 47.18% loan-to-share ratio, below the 60% band that typically signals under-deployed capital. Loan quality, meanwhile, shows 0.56% of the book 60+ days past due - the peer group average for $100M–$500M credit unions sits at 0.894%, so this institution is running tighter than peers. Return on assets stands at 0.29% on net income of $301K for the period; a not-for-profit cooperative typically runs a modest positive ROA, returning surplus to members through better rates and lower fees rather than to shareholders.
Year-over-year membership changed by -3.52%. The institution reports against the NCUA 5300 Call Report on a quarterly cadence; the figures above reflect the 2025Q4 reporting period. Membership eligibility depends on the stated field of membership (currently: Other). See our disclaimer for NCUSIF deposit-insurance coverage and how to use this data before opening any account or borrowing.
Nearby Credit Unions in Michigan
A look at other Michigan credit unions, ranked by how closely their peer group and asset size match this one.
Sources & disclaimer
Source: NCUA 5300 Call Report, Q4 2025. Source: NCUA Share Insurance Fund (NCUSIF), federal deposit insurance up to $250,000. Not affiliated with NCUA. For informational purposes only.
Frequently Asked Questions
Is The Local financially healthy?
Based on NCUA 5300 Call Report data as of Q4 2025, The Local carries a financial health score of 79/100 (Very Good). On this scale, above 80 is excellent and below 50 warrants closer monitoring; the two biggest inputs here are a 15.58% net worth ratio and a 0.56% delinquency rate.
How does The Local compare to other credit unions?
PlainCU's health composite puts The Local at 79/100, compared to a peer group average for $100M–$500M credit unions. It's a weighted blend of five NCUA-reported figures: net worth ratio (30% of the score), delinquency rate (25%), return on assets (15%), member growth (15%), and loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join The Local?
Membership eligibility for The Local depends on its field of membership - currently: Other. Credit unions typically require a common bond such as employer, location, or association membership. Contact The Local directly for current membership requirements and application steps.
Is my money safe at The Local?
Federal credit unions like The Local are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. The Local's net worth ratio of 15.58% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does The Local offer compared to banks?
Credit unions like The Local are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact The Local directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.