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Parkside Credit Union


Overview / Commentary
www.parksidecu.org
734-525-0700
1747 S Newburgh Rd
Westland, MI 48186

Parkside Credit Union is headquartered in WESTLAND and is the 89th largest credit union in the state of Michigan. It is also the 1,390th largest credit union in the nation. It was established in 1953 and as of December of 2021, it had grown to 50 employees and 13,979 members at 3 locations. Parkside Credit Union has an A+ health rating.

Field of Membership Restrictions

Parkside Credit Union is open to those live, work, worship, or go to school in Macomb, Monroe, Oakland, Washtenaw, or Wayne County.
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Health
A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #61985
Year Chartered1953
Employees50
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD5.91%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$166.5MM$154.8MM
LoansQ4 2021vs Q4 2020$84.0MM$71.2MM
DepositsQ4 2021vs Q4 2020$144.7MM$132.5MM
Equity CapitalQ4 2021vs Q4 2020$20.4MM$20.7MM
Loan Loss AllowanceQ4 2021vs Q4 2020$1.5MM$977.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$433.00K$269.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$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.

Parkside Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Holiday Club
0.05%--IRA Share Account
0.05%$500-Essential Savings
0.05%$50-Special Savings

Parkside Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Money Market Account
OTHER TIERS: 0.05% → Up to $2k | 0.08% → $2k - $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k | 0.18% → $50k - $100k

Parkside Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.18%$2.5k-Exclusive Consumer Checking
0.05%$1k-Elite Consumer Checking
0.03%$500-Premier Consumer Checking

Parkside Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-60 Month Share Certificate
0.60%$500-48 Month Share Certificate
0.50%$500-36 Month Share Certificate
0.40%$500-24 Month Share Certificate
0.30%$500-12 Month Share Certificate
0.15%$500-6 Month Share Certificate
0.10%$500-3 Month Share Certificate
Locations


Parkside Credit Union Locations
Branch Office36525 PLYMOUTH RDLIVONIA, MI 48150
Branch Office1747 S NEWBURGH RDWESTLAND, MI 48186
Branch Office9500 DIXDEARBORN, MI 48120-1514

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