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PARDA FEDERAL CREDIT UNION

Dec, 31, 2023 — PARDA FEDERAL CREDIT UNION is a federal credit union headquartered in AUBURN HILLS, MI with 8 branch locations and about $213.69 million in total assets. Opened 50 years ago in 1974, PARDA FEDERAL CREDIT UNION has about 15,004 members and employs 55 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)
2601 Cambridge Ct Ste 210
AUBURN HILLS, MI 48326-2580
Phone:(248) 340-7000
Fax:(248) 475-2550
Website:https://www.parda.com
Branches:8 branch locations
Members:15,004
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$213,691,865
CEO/Manager:Kimberly A Jones
Chairperson:David J Sweet

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,758,039
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 56,675,397
 Unsecured Loans 7,618,897
 Other Loans 45,963,184
 TOTAL LOANS 110,257,478
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -986,665
 Land And Building 4,319,722
 Other Fixed Assets 363,783
 NCUSIF Deposit 1,836,348
 All Other Assets 0
  TOTAL ASSETS 213,691,865
LIABILITIES & CAPITAL:  
 Dividends Payable 3,029
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,188,945
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 44,555,551
 Regular shares 71,282,598
 All Other Shares & Deposits 73,476,889
  TOTAL SHARES & DEPOSITS 189,315,038
  TOTAL LIABILITIES 191,507,012
 Regular Reserve 0
 Other Reserves -2,160,384
 Undivided Earnings 24,345,237
  TOTAL EQUITY 22,184,853
  TOTAL LIABILITIES, SHARES, & EQUITY 213,691,865
INCOME & EXPENSE  
 Loan Income 5,581,464
 Investment Income 2,804,730
 Other Income 1,308,964
 Total Employee Compensation & Benefits 4,414,668
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,067,572
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 377,222
 Cost of Funds 579,831
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 932,795
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