Sep, 30, 2025 — PEOPLE DRIVEN CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTHFIELD, MI with 5 branch locations and about $489.30 million in total assets. Opened 98 years ago in 1928, PEOPLE DRIVEN CREDIT UNION has about 25,545 members and employs 116 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEOPLE DRIVEN CREDIT UNION |
|---|---|
| Address: (Main Office) | 24333 Lahser Rd SOUTHFIELD, MI 48033-6041 |
| Phone: | (248) 263-4100 |
| Fax: | (248) 263-4107 |
| Website: | https://www.peopledrivencu.org |
| Branches: | 5 branch locations |
| Members: | 25,545 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61068 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $489,296,953 |
| CEO/Manager: | Renee DeMarco |
| Chairperson: | Karen Sanborn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,727,811 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 238,415,883 |
| Unsecured Loans | 37,343,454 |
| Other Loans | 89,327,473 |
| TOTAL LOANS | 365,501,678 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,081,284 |
| Land And Building | 12,787,809 |
| Other Fixed Assets | 722,543 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,797,732 |
| All Other Assets | 278,071 |
| TOTAL ASSETS | 489,296,953 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 202 |
| Notes & Interest Payable | 30,000,000 |
| Accounts Payable & Other Liabilities | 2,761,643 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 90,631,527 |
| Regular shares | 195,245,971 |
| All Other Shares & Deposits | 130,472,085 |
| TOTAL SHARES & DEPOSITS | 416,349,583 |
| TOTAL LIABILITIES | 449,111,428 |
| Regular Reserve | 0 |
| Other Reserves | 1,519,147 |
| Undivided Earnings | 38,666,378 |
| TOTAL EQUITY | 40,185,525 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 489,296,953 |
| INCOME & EXPENSE | |
| Loan Income | 17,622,857 |
| Investment Income | 2,047,123 |
| Other Income | 3,141,249 |
| Total Employee Compensation & Benefits | 9,312,505 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,342,549 |
| Non-operating Income & (Expense) | -238,757 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,064,608 |
| Cost of Funds | 3,503,066 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,554,011 |
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