Featured Savings Rates
Featured Accounts

Parkway Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.35%1-year CD1 Year Share Certificate
0.25%SavingsSavings
0.45%2-year CD2 Year Share Certificate

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

Parkway Federal Credit Union is headquartered in Redford and is the 182nd largest credit union in the state of Michigan. It is also the 3,185th largest credit union in the nation. It was established in 1947 and as of June of 2016, it had grown to 7 employees and 3,929 members at 1 location. Parkway Federal Credit Union has a B health rating.

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Health
B
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD-0.5%
Return on Equity - YTD-4.83%
Annual Interest Income$355.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$24.5MM$24.1MM
LoansQ2 2016vs Q2 2015$10.1MM$10.6MM
DepositsQ2 2016vs Q2 2015$21.9MM$21.3MM
Equity CapitalQ2 2016vs Q2 2015$2.6MM$2.7MM
Loan Loss AllowanceQ2 2016vs Q2 2015$237.00K$249.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$142.00K$416.00K
Real Estate OwnedQ2 2016vs Q2 2015$145.00K$7.00K
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
0.75%--Christmas Club
0.25%*$50k*-Savings
OTHER TIERS: 0.10% Up to $50k
0.25%--IRA

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