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Parda Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.35%5-year CD5 Years CD
0.35%1-year CD1 Year CD
0.05%SavingsAll Other Savings Accounts

Overview / Commentary
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 62nd largest credit union in the state of Michigan. It is also the 1,099th largest credit union in the nation. It was established in 1974 and as of March of 2018, it had grown to 50 employees and 16,308 members at 9 locations. Parda Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to anyone through joining the American Consumer Council. Membership is also open to employees American Express Financial Advisors, Inc., BSB Communications, Chem-Tech Company and over 100 area Select Employer Groups.
See current membership details

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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

Health Grade Components

Overall
NCUA #21686
Year Chartered1974
Employees50
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD2.7%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$187.0MM$183.0MM
LoansQ1 2018vs Q1 2017$94.2MM$92.2MM
DepositsQ1 2018vs Q1 2017$162.1MM$157.8MM
Equity CapitalQ1 2018vs Q1 2017$24.0MM$24.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.5MM$1.4MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$771.00K$1.2MM
Real Estate OwnedQ1 2018vs Q1 2017$54.00K$0
Rates
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* 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
0.30%*$100k*-PARDA Premier Savings
OTHER TIERS: 0.10% $2,500 - $10k | 0.15% $10k - $20k | 0.20% $20k - $50k | 0.25% $50k - $100k
0.25%--IRA Savings Account
0.25%--Roth IRA Savings Account
0.05%$25-Regular Savings
0.05%--All Other Savings Accounts
0.05%$25-Business Savings

Parda Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Business Money Marketing
OTHER TIERS: 0.10% $2,500 - $10k | 0.15% $10k - $20k | 0.20% $20k - $50k | 0.25% $50k - $100k

Parda Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.14%*$50k*-Business Interest Checking
OTHER TIERS: 0.38% Up to $15k | 0.76% $15k - $50k
0.07%*$1,500*-Premier Interest Checking
OTHER TIERS: 0.03% Up to $1,500
0.03%--50+ Interest Checking
0.03%--Easy Interest Checking
0.03%--Premier Business Interest Checking

Parda Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$500-5 Years Senior Plus CD
1.35%$500-5 Years CD
1.10%$500-4 Years Senior Plus CD
1.05%$500-4 Years CD
0.90%$500-3 Years Senior Plus CD
0.85%$500-3 Years CD
0.70%$500-2 Years Senior Plus CD
0.65%$500-2 Years CD
0.50%$500-18 Months Senior Plus CD
0.45%$500-18 Months CD
0.45%$50k-1 Year Jumbo CD
0.40%$500-1 Year Senior Plus CD
0.35%$500-1 Year CD
0.25%$500-6 Months CD
0.20%$500-91 Days CD

Parda Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500-5 Year Traditional IRA
1.05%$500-4 Year Traditional IRA
0.85%$500-3 Year Traditional IRA
0.65%$500-2 Year Traditional IRA
0.45%$500-18 Month Traditional IRA
0.35%$500-1 Year Traditional IRA
0.25%$500-6 Month Traditional IRA
Locations


Parda Federal Credit Union Locations
Branch Office10 Leighton RdMilford, CT 06460-3552
Branch Office5500 Forest Hills RdLoves Park, IL 61111-5213
Branch Office3650 Carpenter Rd Ste AYpsilanti, MI 48197-8591
Branch Office259 E 24th StHolland, MI 49423-4856
Branch Office12345 Felch StHolland, MI 49424-9672
Branch Office2601 Cambridge Ct Ste 210Auburn Hills, MI 48326-2580
Branch Office18321 E 8 Mile RdEastpointe, MI 48021-3231
Branch Office400 W Lincoln AveLititz, PA 17543-8701
Branch Office1835 Bypass 72 NEGreenwood, SC 29649

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