Overview / Commentary
People Driven Credit Union is headquartered in Southfield and is the 44th largest credit union in the state of Michigan. It is also the 757th largest credit union in the nation. It was established in 1928 and as of June of 2024, it had grown to 102 employees and 26,157 members at 5 locations. People Driven Credit Union has a B health rating.
Field of Membership Restrictions
People Driven Credit Union membership is offered to those who live, work, worship, or attend school anywhere in Michigan.
See current membership details
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Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61068 |
| Year Chartered | 1928 |
| Employees | 102 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 13.42% |
| Annual Interest Income | $11.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $473.8MM$443.8MM |
| Loans | Q2 2024vs Q2 2023 | $290.6MM$297.4MM |
| Deposits | Q2 2024vs Q2 2023 | $407.9MM$404.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $31.5MM$26.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.8MM$2.9MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.7MM$1.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |