Parkside Credit Union

Overview / Commentary
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 1,416th largest credit union in the nation. It was established in 1953 and as of June of 2022, it had grown to 51 employees and 13,907 members at 3 locations. Parkside Credit Union's money market rates are 59% higher than the national average, and it 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 Grade Components

NCUA #61985
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.82%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$164.4MM$164.7MM
LoansQ2 2022vs Q2 2021$89.2MM$77.9MM
DepositsQ2 2022vs Q2 2021$146.7MM$142.8MM
Equity CapitalQ2 2022vs Q2 2021$16.0MM$20.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.8MM$1.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$872.00K$599.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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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

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

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

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

Parkside Credit Union CD Rates

1.71%$500-60 Month Share Certificate
1.61%$500-48 Month Share Certificate
1.51%$500-36 Month Share Certificate
1.41%$500-24 Month Share Certificate
1.31%$500-12 Month Share Certificate
1.16%$500-6 Month Share Certificate
1.11%$500-3 Month Share Certificate

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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