Parda Credit Union

Parda Credit Union Locations
P.O. Box 5010
Rochester, MI 483085010
1-800-860-5640
www.parda.com

Parda Credit Union is headquartered in ROCHESTER and is the 51st largest credit union in the state of Michigan. It is also the 887th largest credit union in the nation. It was established in 1974 and as of December of 2011, it had grown to 59 employees and 18,057 members. Parda Credit Union has a 4-star health rating.



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See Rates for: Savings | CD | IRA

Parda Credit Union Savings Account Rates

ApyMinMaxProduct
0.55%$100k-PARDA Premier Savings
0.50%--IRA Savings Account
0.50%--Roth IRA Savings Account
0.10%$25-Regular Savings
0.10%--All Other Savings Accounts

Parda Credit Union CD Rates

ApyMinMaxProduct
1.85%$500-5 Year Senior Plus CD
1.80%$500-5 Year CD
1.55%$500-4 Year Senior Plus CD
1.50%$500-4 Year CD
1.25%$500-3 Year Senior Plus CD
1.20%$500-3 Year CD
0.95%$500-2 Year Senior Plus CD
0.90%$500-2 Years CD
0.75%$500-18 Month Senior Plus CD
0.70%$500-18 Month CD
0.70%$50k-1 Year Jumbo CD
0.65%$500-1 Year Senior Plus CD
0.60%$500-1 Year CD
0.40%$500-6 Month CD
0.25%$500-91 Days CD

Parda Credit Union IRA Rates

ApyMinMaxProduct
1.80%$500-5 Year Traditional IRA
1.80%$500-5 Year Roth IRA
1.50%$500-4 Year Traditional IRA
1.50%$500-4 Year Roth IRA
1.20%$500-3 Year Traditional IRA
1.20%$500-3 Year Roth IRA
0.90%$500-2 Years Traditional IRA
0.90%$500-2 Years Roth IRA
0.70%$500-18 Month Roth IRA
0.70%$500-18 Month Traditional IRA
0.60%$500-1 Year Roth IRA
0.60%$500-1 Year Traditional IRA
0.40%$500-6 Month Traditional IRA
0.40%$500-6 Month Roth IRA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


PARDA
NCUA #21686
BankRate ReportView
Year Chartered1974
Employees59
Primary Regulator

Assets and Liabilities

Assets$191.70 million
Loans$65.83 million
Deposits$158.69 million
Equity Capital$22.10 million
Loan Loss Allowance$2.61 million
Unbacked Noncurrent Loans$4.23 million
Real Estate Owned$267,000

Historic Data - December 2010

Assets$188.65 million
Equity Capital$22.09 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$4.26 million
Real Estate Owned$333,000

Profit Margin - Quarterly

Net Interest Margin5.33%
Return on Assets-0.36%
Return on Equity-3.14%
Interest Income$7.55 million
Non-Interest Income$2.22 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Parda Credit Union had $4.5 million in non-current loans and owned real-estate with $24.71 million in equity and loan loss allowances on hand to cover it. This gives Parda Credit Union a Texas Ratio of 18.20% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Parda Credit Union held steady from 18.91% as of December 31, 2010 to 18.20% as of December 31, 2011, resulting in a positive change of 3.76%.This indicates that the balance sheet and financial strength for Parda Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Parda Credit Union has increased its total deposits by $1.77 million, resulting in 1.13% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Parda Credit Union has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Parda Credit Union has $191.7 million in assets with $24.71 million in equity, resulting in a capitalization level of 12.89%, which is excellent.
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