People Driven Credit Union is headquartered in Southfield and is the 52nd largest credit union in the state of Michigan. It is also the 906th largest credit union in the nation. It was established in 1928 and as of December of 2022, it had grown to 81 employees and 20,829 members at 6 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 in Lapeer, Genesee, Livingston, Macomb, Oakland, St. Clair, Washtenaw and Wayne Counties in Michigan; anyone over the age of 55 who receives retirement or pension and live in or are a member of a retirement organization in Michigan; employees of Ford Motor Company, Visteon Corporation, Automotive Components Holdings, L.L.C. or Faurecia, or other companies in Michigan.
See current membership details
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In Sufficient Funds
This credit union not only bounced my auto draft from my home insurance AAA because I was $2.01short, they charged me 30.00 and then another 30.00. Because of this I need to use my credit card that charges interest to pay that 70.00. If it were not for my AAA policy being an old one that needs to be withdrawn from people driven or have another inspection to change to Huntington, I would do so in a heartbeat. Once I move I will enjoy closing this account.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61068 |
| Year Chartered | 1928 |
| Employees | 81 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 18.05% |
| Annual Interest Income | $10.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $350.7MM$342.7MM |
| Loans | Q4 2022vs Q4 2021 | $209.4MM$176.7MM |
| Deposits | Q4 2022vs Q4 2021 | $317.7MM$311.2MM |
| Equity Capital | Q4 2022vs Q4 2021 | $20.0MM$29.1MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $1.0MM$1.2MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $734.00K$807.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$68.00K |