Credit union · NCUA insured
Parda Credit Union
A $216.8M credit union headquartered in Auburn Hills, MI, with 14,763 members and 7 branches in 3 states. Best rates: CDs 3.80% and savings 0.25% APY.
Parda Credit Union Carrot Score
69
Carrot Score
Higher than 25% of U.S. banks and credit unions
#64 of 75 in Detroit, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Parda Credit Union
Headquartered in Auburn Hills, Michigan, Parda Federal Credit Union was founded in 1937 to serve employees at the Detroit facility of the Parke-Davis pharmaceutical company.
Rebranded with a new look and logo in 2021, the credit union serves members nationwide with a physical footprint encompassing four states across seven branch locations.
- Headquarters
- 2601 Cambridge Ct Ste 210, Auburn Hills, MI 48326-2580
- NCUA charter
- 21686
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is open to any employee or retiree of an approved Select Employee Group (SEG).
Family and household
- Membership is open to family members of an employee or retiree of an approved Select Employee Group (SEG), including mother, father, sisters, brothers, children, grandchildren, grandparents, adoptive, and step families.
Other ways
- Consumers not otherwise eligible may join Parda Credit Union through the American Consumer Council (ACC) at no cost, subject to residency restrictions.
Cost to join
- There is no cost to join the American Consumer Council (ACC) for membership.
Branches
7 branches in 3 states
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Michigan
5 branches
Detroit area · 2
- PARDA Federal Credit UnionMain office2601 Cambridge Ct Ste 210, Auburn Hills, MI 48326Directions
- PARDA Federal Credit Union18321 E 8 Mile Rd, Eastpointe, MI 48021Directions
Grand Rapids area · 2
- PARDA Federal Credit Union259 E 24th St, Holland, MI 49423Directions
- PARDA Federal Credit Union12345 Felch St, Holland, MI 49424Directions
Ann Arbor area · 1
- Parda Credit Union2170 Packard Rd, Ypsilanti, MI 48197Directions
Illinois
1 branch
- PARDA Federal Credit Union5500 Forest Hills Rd, Loves Park, IL 61111Directions
South Carolina
1 branch
- PARDA Federal Credit Union1835 Bypass 72 NE, Greenwood, SC 29649Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.68% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.75% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.27% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $61 | $76 | — |
- CapitalNet worth ratio13.68%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.75%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.27%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$61Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Parda Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.