Jun, 30, 2024 — PEOPLE DRIVEN CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTHFIELD, MI with 4 branch locations and about $354.44 million in total assets. Opened 96 years ago in 1928, PEOPLE DRIVEN CREDIT UNION has about 20,957 members and employs 84 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: | 4 branch locations |
| Members: | 20,957 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $354,436,043 |
| CEO/Manager: | Renee DeMarco |
| Chairperson: | Claudia Y Hunter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,841,170 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 76,619,196 |
| Unsecured Loans | 23,022,920 |
| Other Loans | 110,523,811 |
| TOTAL LOANS | 210,778,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -920,615 |
| Land And Building | 10,477,776 |
| Other Fixed Assets | 802,539 |
| NCUSIF Deposit | 2,991,321 |
| All Other Assets | 0 |
| TOTAL ASSETS | 354,436,043 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 2,855,843 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 68,911,550 |
| Regular shares | 186,302,073 |
| All Other Shares & Deposits | 67,664,911 |
| TOTAL SHARES & DEPOSITS | 322,878,534 |
| TOTAL LIABILITIES | 335,734,377 |
| Regular Reserve | 0 |
| Other Reserves | -7,609,457 |
| Undivided Earnings | 26,311,123 |
| TOTAL EQUITY | 18,701,666 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 354,436,043 |
| INCOME & EXPENSE | |
| Loan Income | 6,329,850 |
| Investment Income | 1,021,002 |
| Other Income | 1,904,693 |
| Total Employee Compensation & Benefits | 5,174,970 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,873,692 |
| Non-operating Income & (Expense) | -70,525 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,764 |
| Cost of Funds | 252,357 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,943,392 |
| ↑ Back to Top | |