Parda Federal Credit Union

Parda Federal Credit Union

Overview / Commentary
2601 Cambridge Ct Ste 210
Auburn Hills, MI 48326

Parda Federal Credit Union is headquartered in Auburn Hills and is the 73rd largest credit union in the state of Michigan. It is also the 1,187th largest credit union in the nation. It was established in 1974 and as of June of 2023, it had grown to 55 employees and 15,075 members at 9 locations. Parda Federal Credit Union's CD rates are 84% higher than the national average, and it 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

Reviews (1)

Parda Federal Credit Union

My local bank is Parda Federal Credit Union. It was originally a 2 branch credit union but was absorbed into a slightly larger credit union. I have a savings account there and I am happy with it. The rates I receive are higher than other nationwide banks, but not as high as online only banks. Having two branches on my city that I can walk into is great to me, so I'm willing to sacrifice a small amount of APR in order to have that convenience. The people within the bank, either at my local branches or someone on the phone, have been friendly and helpful. I think that the smaller size of the organization allows them to help customers such as myself in ways that big banks cannot match. Also, since it is a credit union, they are non profit, so profits are put back into the organization in the way of better rates.


Health Grade Components

NCUA #21686
Year Chartered1974
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD6.91%
Annual Interest Income$4.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$222.5MM$239.7MM
LoansQ2 2023vs Q2 2022$108.8MM$95.6MM
DepositsQ2 2023vs Q2 2022$200.6MM$217.9MM
Equity CapitalQ2 2023vs Q2 2022$21.3MM$21.3MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$886.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$309.00K$438.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Parda Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Parda Federal Credit Union Savings Account Rates

0.40%*$100k*-PARDA Premier Savings
OTHER TIERS: 0.20% $2.5k - $10k | 0.25% $10k - $20k | 0.30% $20k - $50k | 0.35% $50k - $100k
0.20%--IRA Savings Account
0.05%*$20k*-Regular Savings
OTHER TIERS: 0.01% $25 - $5k | 0.03% $5k - $20k
0.05%*$20k*-Business Savings
OTHER TIERS: 0.01% $25 - $5k | 0.03% $5k - $20k
0.01%--All Other Savings Accounts

Parda Federal Credit Union Money Market Rates

0.40%*$100k*-Business Money Marketing
OTHER TIERS: 0.20% $2.5k - $10k | 0.25% $10k - $20k | 0.30% $20k - $50k | 0.35% $50k - $100k

Parda Federal Credit Union Checking Account Rates

0.05%*$1.5k*-Premier Interest Checking
OTHER TIERS: 0.02% Up to $1.5k
0.02%--50+ Interest Checking
0.02%--Easy Interest Checking
0.02%--Premier Business Interest Checking

Parda Federal Credit Union CD Rates

4.11%$500-13 Month Senior Plus CD Special
4.06%$500-13 Month CD Special
2.57%$500-18 Months Senior Plus CD
2.52%$500-18 Months CD
2.06%$500-5 Years Senior Plus CD
2.02%$500-5 Years CD
1.91%$500-4 Years Senior Plus CD
1.86%$500-4 Years CD
1.86%$500-3 Years Senior Plus CD
1.81%$500-3 Years CD
1.81%$500-2 Years Senior Plus CD
1.76%$500-2 Years CD
1.66%$50k-1 Year Jumbo CD
1.66%$500-1 Year Senior Plus CD
1.61%$500-1 Year CD
1.40%$500-6 Months CD
1.31%$500-91 Days CD

Parda Federal Credit Union IRA Rates

2.52%$500-18 Month IRA
2.02%$500-5 Year IRA
1.86%$500-4 Year IRA
1.81%$500-3 Year IRA
1.76%$500-2 Year IRA
1.61%$500-1 Year IRA
1.40%$500-6 Month IRA

Parda Federal Credit Union Locations
Branch Office3650 Carpenter Rd Ste AYpsilanti, MI 48197-8591
Branch Office1835 Bypass 72 NEGreenwood, SC 29649
Branch Office259 E 24th StHolland, MI 49423-4856
Branch Office12345 Felch StHolland, MI 49424-9672
Branch Office400 W Lincoln AveLititz, PA 17543-8701
Branch Office2601 Cambridge Ct Ste 210Auburn Hills, MI 48326-2580
Branch Office18321 E 8 Mile RdEastpointe, MI 48021-3231
Branch Office5500 Forest Hills RdLoves Park, IL 61111-5213
Branch Office2170 Packard RdYpsilanti, MI 48197-1832

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