Sep, 30, 2025 — PARDA FEDERAL CREDIT UNION is a federal credit union headquartered in AUBURN HILLS, MI with 8 branch locations and about $210.31 million in total assets. Opened 52 years ago in 1974, PARDA FEDERAL CREDIT UNION has about 14,748 members and employs 61 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARDA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2601 Cambridge Ct Ste 210 AUBURN HILLS, MI 48326-2580 |
| Phone: | (248) 340-7000 |
| Fax: | (248) 475-2550 |
| Website: | https://www.parda.com |
| Branches: | 8 branch locations |
| Members: | 14,748 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21686 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $210,310,489 |
| CEO/Manager: | Kimberly A Jones |
| Chairperson: | Robert Schelkun |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,268,193 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,980,992 |
| Unsecured Loans | 8,838,531 |
| Other Loans | 40,489,115 |
| TOTAL LOANS | 110,308,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,135,871 |
| Land And Building | 4,145,868 |
| Other Fixed Assets | 653,830 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,657,465 |
| All Other Assets | 0 |
| TOTAL ASSETS | 210,310,489 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,233 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,196,125 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,533,609 |
| Regular shares | 69,869,562 |
| All Other Shares & Deposits | 68,731,650 |
| TOTAL SHARES & DEPOSITS | 183,134,822 |
| TOTAL LIABILITIES | 184,333,180 |
| Regular Reserve | 0 |
| Other Reserves | 250,350 |
| Undivided Earnings | 25,726,959 |
| TOTAL EQUITY | 25,977,309 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 210,310,489 |
| INCOME & EXPENSE | |
| Loan Income | 5,047,200 |
| Investment Income | 1,930,770 |
| Other Income | 1,060,152 |
| Total Employee Compensation & Benefits | 4,149,542 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,548,150 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 442,239 |
| Cost of Funds | 582,005 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 615,819 |
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