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National Credit Union Service Organization

PEOPLE DRIVEN CREDIT UNION

Dec, 31, 2023 — PEOPLE DRIVEN CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTHFIELD, MI with 5 branch locations and about $456.89 million in total assets. Opened 96 years ago in 1928, PEOPLE DRIVEN CREDIT UNION has about 26,734 members and employs 111 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: 272484988
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:26,734
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$456,890,223
CEO/Manager:Renee DeMarco
Chairperson:Karen Sanborn

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 37,535,483
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 128,929,109
 Unsecured Loans 42,238,762
 Other Loans 123,951,943
 TOTAL LOANS 295,712,058
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,050,863
 Land And Building 12,699,831
 Other Fixed Assets 971,153
 NCUSIF Deposit 3,881,088
 All Other Assets 0
  TOTAL ASSETS 456,890,223
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 30,000,000
 Accounts Payable & Other Liabilities 4,130,314
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 87,189,737
 Regular shares 202,390,902
 All Other Shares & Deposits 103,593,528
  TOTAL SHARES & DEPOSITS 393,174,166
  TOTAL LIABILITIES 427,304,480
 Regular Reserve 0
 Other Reserves -1,954,786
 Undivided Earnings 31,540,529
  TOTAL EQUITY 29,585,743
  TOTAL LIABILITIES, SHARES, & EQUITY 456,890,223
INCOME & EXPENSE  
 Loan Income 17,948,476
 Investment Income 2,862,307
 Other Income 3,583,394
 Total Employee Compensation & Benefits 9,549,644
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,995,553
 Non-operating Income & (Expense) 1,907,214
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,103,125
 Cost of Funds 2,445,520
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,299,464
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