Parda Federal Credit Union
Parda Federal Credit Union
Overview / Commentary
Parda Federal Credit Union is headquartered in Auburn Hills and is the 75th largest credit union in the state of Michigan. It is also the 1,232nd largest credit union in the nation. It was established in 1974 and as of September of 2024, it had grown to 58 employees and 15,201 members at 8 locations. Parda Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Parda Federal Credit Union offers membership to employees or retirees of Select Employee Groups. Additionally, membership will be extended to any consumer who joins the non-profit consumer education program: American Consumer Council (ACC).
See current membership details
Related Posts
View all posts from:
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 21686 |
| Year Chartered | 1974 |
| Employees | 58 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 2.27% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $208.3MM$216.3MM |
| Loans | Q3 2024vs Q3 2023 | $110MM$109.9MM |
| Deposits | Q3 2024vs Q3 2023 | $182.4MM$194.7MM |
| Equity Capital | Q3 2024vs Q3 2023 | $24.4MM$20.4MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $1.1MM$906K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $860K$377K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |