PARKSIDE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.parksidecu.org for more information.
Sep, 30, 2025 — PARKSIDE CREDIT UNION is a federally insured state chartered credit union headquartered in WESTLAND, MI with 3 branch locations and about $163.15 million in total assets. Opened 73 years ago in 1953, PARKSIDE CREDIT UNION has about 13,908 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARKSIDE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1747 S NEWBURGH RD WESTLAND, MI 48186 |
| Phone: | (734) 525-0700 |
| Fax: | (734) 728-4749 |
| Website: | https://www.parksidecu.org |
| Branches: | 3 branch locations |
| Members: | 13,908 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61985 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $163,150,791 |
| CEO/Manager: | JANET B THOMPSON |
| Chairperson: | WILLIAM SACKETT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,708,606 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 51,622,555 |
| Unsecured Loans | 17,904,326 |
| Other Loans | 22,796,344 |
| TOTAL LOANS | 92,323,225 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,860,166 |
| Land And Building | 4,910,175 |
| Other Fixed Assets | 633,666 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,414,012 |
| All Other Assets | 0 |
| TOTAL ASSETS | 163,150,791 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,384 |
| Notes & Interest Payable | 15,943 |
| Accounts Payable & Other Liabilities | 1,694,664 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,492,299 |
| Regular shares | 73,591,727 |
| All Other Shares & Deposits | 38,690,175 |
| TOTAL SHARES & DEPOSITS | 146,774,201 |
| TOTAL LIABILITIES | 148,486,192 |
| Regular Reserve | 0 |
| Other Reserves | -5,300,066 |
| Undivided Earnings | 19,964,665 |
| TOTAL EQUITY | 14,664,599 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 163,150,791 |
| INCOME & EXPENSE | |
| Loan Income | 3,965,377 |
| Investment Income | 783,891 |
| Other Income | 1,991,119 |
| Total Employee Compensation & Benefits | 2,729,481 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,537,611 |
| Non-operating Income & (Expense) | -16,376 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 780,025 |
| Cost of Funds | 158,296 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,116,358 |
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