Parda Federal Credit Union

Parda Federal Credit Union


Overview / Commentary
800-860-5640
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 1,207th largest credit union in the nation. It was established in 1974 and as of March of 2024, it had grown to 56 employees and 15,064 members at 8 locations. Parda Federal Credit Union 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
B+

Health Grade Components

Overall
NCUA #21686
Year Chartered1974
Employees56
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD1.6%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$219.9MM$234.6MM
LoansQ1 2024vs Q1 2023$110MM$107.9MM
DepositsQ1 2024vs Q1 2023$195.4MM$212.2MM
Equity CapitalQ1 2024vs Q1 2023$22.1MM$21.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1MM$879K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$355K$327K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Rates for Parda Federal Credit Union are currently being reviewed.

Locations


Parda Federal Credit Union Locations
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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