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 1,130th largest credit union in the nation. It was established in 1974 and as of June of 2019, it had grown to 58 employees and 15,977 members at 9 locations. Parda Federal Credit Union's CD rates are 29% higher than the national average, and it 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 Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 21686 |
| Year Chartered | 1974 |
| Employees | 58 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 3.18% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $183.1MM$182.6MM |
| Loans | Q2 2019vs Q2 2018 | $103.7MM$96.2MM |
| Deposits | Q2 2019vs Q2 2018 | $156.3MM$157.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $25.7MM$23.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.5MM$1.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $388.00K$861.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$54.00K |
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
Parda Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $100k* | - | Business Money Marketing | ||
| OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k | |||||
Parda Federal Credit Union Checking Account Rates
Parda Federal Credit Union CD Rates
Parda Federal Credit Union IRA Rates
| Parda Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 3650 Carpenter Rd Ste A | Ypsilanti, MI 48197-8591 |
| Branch Office | 1835 Bypass 72 NE | Greenwood, SC 29649 |
| Branch Office | 259 E 24th St | Holland, MI 49423-4856 |
| Branch Office | 12345 Felch St | Holland, MI 49424-9672 |
| Branch Office | 400 W Lincoln Ave | Lititz, PA 17543-8701 |
| Branch Office | 10 Leighton Rd | Milford, CT 06460-3552 |
| 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 | 5500 Forest Hills Rd | Loves Park, IL 61111-5213 |