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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 90th largest credit union in the state of Michigan. It is also the 1,422nd largest credit union in the nation. It was established in 1953 and as of September of 2022, it had grown to 53 employees and 13,908 members at 3 locations. Parkside Credit Union's CD rates are 4X the national average, and it has a B+ 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
B+

Data as of Q3 2022

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Health Grade Components

Overall
NCUA #61985
Year Chartered1953
Employees53
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD10.15%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$163.2MM$163.3MM
LoansQ3 2022vs Q3 2021$92.3MM$81.6MM
DepositsQ3 2022vs Q3 2021$146.8MM$140.9MM
Equity CapitalQ3 2022vs Q3 2021$14.7MM$20.4MM
Loan Loss AllowanceQ3 2022vs Q3 2021$1.9MM$1.6MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.4MM$438.00K
Real Estate OwnedQ3 2022vs Q3 2021$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
0.70%*$100k*-Money Market Account
OTHER TIERS: 0.55% → Up to $2k | 0.58% → $2k - $10k | 0.60% → $10k - $25k | 0.65% → $25k - $50k | 0.68% → $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
4.00%$500-24 Month Share Certificate
3.75%$500-12 Month Share Certificate
3.50%$500-6 Month Share Certificate
3.50%$500-60 Month Share Certificate
3.25%$500-48 Month Share Certificate
3.00%$500-36 Month Share Certificate
2.00%$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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