Who we are
Empowering Financial Success
We are a financial cooperative of volunteers, professional staff and management across ten different locations, all focused on ONE goal -- empowering the financial success of each individual member-owner of PARDA Federal Credit Union. We offer the same services as a bank, often times with better rates, fewer fees, more personal attention, and a commitment to securing your financial future at every step in our eVolution.
Focused on members
We continually strive to offer all that is possible to keep members on the leading edge of financial technology. But no matter which channels deliver our products and services, PARDA will always be member-centric, ensuring that in every decision we make, the member’s security, ease of use and positive experience are our primary considerations.
Building our future on the strength of our past
A cigar box and the vision of 7 earnest volunteers, dedicated to the concept of a financial cooperative, constitute the beginnings of what is now PARDA Federal Credit Union. The cigar box served as the first “money till” -- sometimes referred to as the “vault” -- for employees when our credit union was formed at the Detroit, Michigan Parke-Davis facility (hence “PAR-DA”) on March 7, 1937.
Over the years, as Parke-Davis joined Warner-Lambert and our charter expanded to include Pfizer Pharmaceuticals, the American Consumer Council and a variety of Select Employee Groups – PARDA opened branch offices to provide convenient lending and saving services to the entire member base. Through more than seven decades, we continually added new products and services to ensure modern financial capabilities to our growing membership. During all phases of our history, reliable volunteers have guided and reinforced our institution’s strength and stability. Now with more than $170 million in assets and over 17,000 members nationwide, PARDA Federal Credit Union continues to eVolve, taking proactive steps to ensure our members reach their desired potential.
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