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PARDA FEDERAL CREDIT UNION

Mar, 31, 2021 — PARDA FEDERAL CREDIT UNION is a federal credit union headquartered in Rochester, MI with 8 branch locations and about $226.76 million in total assets. Opened 47 years ago in 1974, PARDA FEDERAL CREDIT UNION has about 15,561 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272478910
Name:PARDA FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. Box 5010
Rochester, MI 48308-5010
Phone:(248) 340-7000
Fax:(248) 475-2550
Website:http://www.parda.com
Branches:8 branch locations
Members:15,561
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$226,761,264
CEO/Manager:Kimberly A Jones
Chairperson:Jacquelyn Y Randall

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 63,150,367
TOTAL INVESTMENTS 54,622,814
Loans Held for Sale 0
 
 Real Estate Loans 56,067,338
 Unsecured Loans 5,401,690
 Other Loans 42,798,919
 TOTAL LOANS 104,267,947
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,100,253
 Land And Building 1,417,679
 Other Fixed Assets 417,063
 NCUSIF Deposit 1,661,237
 All Other Assets 2,324,410
  TOTAL ASSETS 226,761,264
LIABILITIES & CAPITAL:  
 Dividends Payable 412
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 586,963
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 52,848,062
 Regular shares 77,784,288
 All Other Shares & Deposits 68,520,578
  TOTAL SHARES & DEPOSITS 199,152,928
  TOTAL LIABILITIES 199,740,303
 Regular Reserve 3,319,895
 Other Reserves 416,171
 Undivided Earnings 23,284,895
  TOTAL EQUITY 27,020,961
  TOTAL LIABILITIES, SHARES, & EQUITY 226,761,264
INCOME & EXPENSE  
 Loan Income 1,183,067
 Investment Income 311,165
 Other Income 312,422
 Total Employee Compensation & Benefits 971,732
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,001,182
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 66,410
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 133,422
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