Overview / Commentary
313-532-6451
23400 Plymouth Road
Redford, MI 48239

Parkway Federal Credit Union is headquartered in Redford and is the 176th largest credit union in the state of Michigan. It is also the 3,108th largest credit union in the nation. It was established in 1947 and as of December of 2018, it had grown to 6 employees and 3,180 members at 1 location. Parkway Federal Credit Union has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Parkway Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #5420
Year Chartered1947
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD5.06%
Annual Interest Income$783.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$24.6MM$24.4MM
LoansQ4 2018vs Q4 2017$8.1MM$9.2MM
DepositsQ4 2018vs Q4 2017$22.0MM$21.9MM
Equity CapitalQ4 2018vs Q4 2017$2.5MM$2.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$206.00K$222.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$57.00K$132.00K
Real Estate OwnedQ4 2018vs Q4 2017$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.

Parkway Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Christmas Club
0.25%--IRA
0.15%*$50k*-Savings
OTHER TIERS: 0.05% Up to $50k

Parkway Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$50k-2 Year Jumbo Share Certificate
0.45%$1k$50k2 Year Share Certificate
0.45%$50k-1 Year Jumbo Share Certificate
0.35%$1k$50k1 Year Share Certificate
0.25%$50k-6 Month Jumbo Share Certificate
0.20%$1k$50k6 Month Share Certificate
Locations


Parkway Federal Credit Union Locations
Branch Office23400 Plymouth RdRedford, MI 48239-1486

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