Parkway Federal Credit Union

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A short history of Parkway FCU

Since its inception in 1947 the Parkway Federal Credit Union has been serving its members in the REDFORD, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Henry Johnson, the Parkway FCU has grown its membership to over 3,447 with assets of more than $25,282,959. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (313) 532-6451 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in REDFORD, MI.

General Information For Parkway FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 5420
Address 23400 PLYMOUTH ROAD 
State Michigan 
Zip-Code 48239
Phone Number (313) 532-6451
Fax Number (313) 532-8903
Email Address:
CEO/President Henry Johnson
Members 3,447 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 25,282,959 

Compare Parkway Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Zeal CU Zeal Credit Union 25123 Southfield Rd 48154 (800) 321-8570 No 3.26
United Churches CU Taylor 20252 Ecorse Rd 48180 (313) 382-1340 No 4.04
Michigan Columbus CU Main 30419 6 Mile Rd 30419 6 Mile Rd 48152 (734) 425-5080 No 4.26
Dfcu Financial CU DFCU - Plymouth Road 2793 Plymouth Rd Ste A 48121 (313) 336-2700 No 4.97
Great Lakes Members CU Chiropractic Federal Credit Union 23617 Liberty St 48335 (248) 478-4020 No 5.07

Parkway Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Parkway Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 18.00 1.99 1.99 6.00 4.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 553 34 21 373 200
Rank Among All Michigan Credit Unions 97 8 5 99 39

Parkway Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 N/A 0.45 0.75
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 N/A 274 192
Rank Among All Michigan Credit Unions N/A 16 N/A 61 38
Parkway Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 18.000356295,207
All Other Unsecured Loans/Lines of Credit 16.000249198,864
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.990691,249,617
Used Vehicle Loans 1.9901451,771,574
Total 1st Mortgage Real Estate Loans/Lines of Credit 6.000805,529,358
Total Other Real Estate Loans/Lines of Credit 4.75016316,413
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 9.00081447,900
TOTAL LOANS & LEASES 9969,808,933

Parkway Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 403,914,9612396,000
    b. 15 Years or less 401,614,39700
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 16316,41300
Open-End Fixed Rate 0000
TOTALS 965,845,7712396,000


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Parkway Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes