Overview / Commentary
23400 Plymouth Road
Redford, MI 48239

Parkway Federal Credit Union is headquartered in Redford and is the 178th largest credit union in the state of Michigan. It is also the 3,115th largest credit union in the nation. It was established in 1947 and as of June of 2018, it had grown to 6 employees and 3,238 members at 1 location. Parkway Federal Credit Union has a B+ health rating.


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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

NCUA #5420
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.44%
Annual Interest Income$384.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$25.3MM$25.3MM
LoansQ2 2018vs Q2 2017$8.5MM$9.8MM
DepositsQ2 2018vs Q2 2017$22.7MM$22.6MM
Equity CapitalQ2 2018vs Q2 2017$2.5MM$2.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$205.00K$228.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$50.00K$259.00K
Real Estate OwnedQ2 2018vs Q2 2017$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.

Parkway Federal Credit Union Savings Account Rates

0.25%--Christmas Club
OTHER TIERS: 0.05% Up to $50k

Parkway Federal Credit Union CD Rates

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

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

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