Parda Federal Credit Union is headquartered in Auburn Hills and is the 65th largest credit union in the state of Michigan. It is also the 1,136th largest credit union in the nation. It was established in 1974 and as of December of 2018, it had grown to 52 employees and 16,243 members at 9 locations. Parda Federal Credit Union has an A 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
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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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 21686 |
| Year Chartered | 1974 |
| Employees | 52 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 1.47% |
| Annual Interest Income | $6.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $175.9MM$176.7MM |
| Loans | Q4 2018vs Q4 2017 | $104.4MM$98.4MM |
| Deposits | Q4 2018vs Q4 2017 | $151.3MM$150.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $24.1MM$24.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.6MM$1.6MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $849.00K$1.3MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$289.00K |
Rates for Parda Federal Credit Union are currently being reviewed.
| Parda Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 10 Leighton Rd | Milford, CT 06460-3552 |
| Branch Office | 5500 Forest Hills Rd | Loves Park, IL 61111-5213 |
| Branch Office | 3650 Carpenter Rd Ste A | Ypsilanti, MI 48197-8591 |
| Branch Office | 259 E 24th St | Holland, MI 49423-4856 |
| Branch Office | 12345 Felch St | Holland, MI 49424-9672 |
| Branch Office | 2601 Cambridge Ct Ste 210 | Auburn Hills, MI 48326-2580 |
| Branch Office | 18321 E 8 Mile Rd | Eastpointe, MI 48021-3231 |
| Branch Office | 400 W Lincoln Ave | Lititz, PA 17543-8701 |
| Branch Office | 1835 Bypass 72 NE | Greenwood, SC 29649 |