Overview / Commentary
Parkside Credit Union is headquartered in WESTLAND and is the 85th largest credit union in the state of Michigan. It is also the 1,364th largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 43 employees and 13,955 members at 4 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.
See current membership details
Health
A+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61985 |
| Year Chartered | 1953 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 2.02% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $149.8MM$128.5MM |
| Loans | Q2 2020vs Q2 2019 | $67.6MM$67.6MM |
| Deposits | Q2 2020vs Q2 2019 | $128.0MM$107.9MM |
| Equity Capital | Q2 2020vs Q2 2019 | $20.3MM$18.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $628.00K$526.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $410.00K$603.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |