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Parda Federal Credit Union


Overview / Commentary
www.parda.com
248-340-7000
2601 Cambridge Ct Ste 210
Auburn Hills, MI 48326-2580

Parda Federal Credit Union is headquartered in Auburn Hills and is the 68th largest credit union in the state of Michigan. It is also the 1,144th largest credit union in the nation. It was established in 1974 and as of June of 2020, it had grown to 55 employees and 15,604 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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Reviews (1)

Parda Federal Credit Union

Posted by: |

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.

1


Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #21686
Year Chartered1974
Employees55
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.21%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$202.0MM$183.1MM
LoansQ2 2020vs Q2 2019$100.1MM$103.7MM
DepositsQ2 2020vs Q2 2019$173.9MM$156.3MM
Equity CapitalQ2 2020vs Q2 2019$27.4MM$25.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.3MM$1.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.1MM$388.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-PARDA Premier Savings
OTHER TIERS: 0.05% → $2.5k - $10k | 0.10% → $10k - $20k | 0.15% → $20k - $50k | 0.20% → $50k - $100k
0.20%--IRA Savings Account
0.01%$25-Regular Savings
0.01%--All Other Savings Accounts
0.01%$25-Business Savings

Parda Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Business Money Marketing
OTHER TIERS: 0.05% → $2.5k - $10k | 0.10% → $10k - $20k | 0.15% → $20k - $50k | 0.20% → $50k - $100k

Parda Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%*$1.5k*-Premier Interest Checking
OTHER TIERS: 0.01% → Up to $1.5k
0.01%--50+ Interest Checking
0.01%--Easy Interest Checking
0.01%--Premier Business Interest Checking

Parda Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$500-5 Years Senior Plus CD
1.00%$500-5 Years CD
0.95%$500-4 Years Senior Plus CD
0.90%$500-4 Years CD
0.85%$500-3 Years Senior Plus CD
0.80%$500-3 Years CD
0.75%$500-2 Years Senior Plus CD
0.70%$500-2 Years CD
0.65%$500-18 Months Senior Plus CD
0.60%$500-18 Months CD
0.55%$50k-1 Year Jumbo CD
0.55%$500-1 Year Senior Plus CD
0.50%$500-1 Year CD
0.25%$500-6 Months CD
0.10%$500-91 Days CD

Parda Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-5 Year IRA
0.90%$500-4 Year IRA
0.80%$500-3 Year IRA
0.70%$500-2 Year IRA
0.60%$500-18 Month IRA
0.50%$500-1 Year IRA
0.25%$500-6 Month IRA
Locations


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 Office10 Leighton RdMilford, CT 06460-3552
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

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