Overview of People Driven Credit Union
People Driven Credit Union received its charter in 1928 and is one of 208 credit unions that are based in the state of Michigan and also one of the largest credit unions in the country. The credit union was initially founded as the Detroit Federal Employees Credit Union to serve federal employees but has since expanded its field of membership significantly. The credit union merged with Community-Driven Credit Union in 2014 at which time it changed its name to People Driven Credit Union. The credit union has a total of 4 branches and employs 80 employees.
Who Can Join People Driven Credit Union?
The credit union has an extensive membership eligibility criteria. Anyone that falls into one of the following categories is eligible to join the credit union:
- If you reside, work, attend school or worship within the Southeast Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne.
- Employees or pensioners of agencies of the federal government of the United States of America who live or work in the State of Michigan, or who report to a federal agency headquarters located in the state of Michigan.
- Employees, pensioners or agencies of any state, county, local government, or any political subdivision located within Wayne, Oakland or Macomb Counties, Michigan.
- Employees or retired employees of the following: Ford Motor Company or Visteon Corporation, who work in Rawsonville or Wixom, MI; members of the Red Carpet Club, a retirees’ association in Washtenaw, Oakland, Macomb, Monroe or Wayne Counties, MI; Tower Automotive who work in Plymouth, MI; and Ford Utica Trim Plant.
- Employees or retired employees of the following: Ford Motor Company, Visteon Corporation, Automotive Components Holdings, L.L.C. or Faurecia, who worked in Ypsilanti, Rawsonville, Saline, Milan, Highland Park, Mount Clements, Wixom, or in Shelby or Chesterfield Townships, MI or at the Ford Proving Grounds in Macomb County, Michigan; Ford New Holland; Ford Romeo Engine Plant who worked in Romeo, MI Oakman Industrial Engine Plant in Detroit, MI Johnson Controls Inc.; Hoover Automotive Systems Group who work in Utica, MI; AutoAlliance International, Inc. Mazda (North America), Inc; Mazda Research & Development of North America, Inc.; Mazda System Services and Mount Clemens Coating, Inc. who worked in Mount Clemens; and Tower Automotive who worked in Plymouth, MI.
- Employees of People Driven Credit Union.
- Members and immediate families of the foregoing.
People Driven Credit Union Products and Services
The credit union offers a number of financial services products and services to members:
- Checking Account – People Driven Credit Union’s checking accounts have no monthly maintenance fees and do not require a minimum balance.
- Savings Account – this account requires a deposit of $5 or more to open and account holders earn dividends when their balances are $100 or higher.
- Credit Cards – the credit union offers three credit card options currently: Premier Visa, Rewards Visa and Transfer Free. The Premier Visa has no annual fee, a 25-day interest free period and currently offers a 5.99% introductory APR rate.
- Mortgages – there are several types of mortgage loans available including conventional, FHA, VA, fixed-rate and adjustable-rate.
People Driven Credit Union Other Information
- Main Office Address: 24333 Lahser Rd, Southfield, MI 48033-6041
- Main Office Hours: Mon-Tues, Thurs 9am-5pm, Wed: 10am-5pm, Fri: 9am-6pm
- Website: http://www.peopledrivencu.org
- Phone: (248) 263-4100
- Charter Number: 61068
- Charter Year: 1928
- Employees: 80
- People Driven Credit Union Routing Number: 275978310
- Membership Trends: People Driven Credit Union has a membership base of 21,511 which is significantly smaller than the average credit union operating in the state of Michigan. The average credit union in the state has 27,971 members. Over the past three years, the credit union’s total base of members has declined by 10%.
People Driven Credit Union Financial Information
- Total Assets: $343 million
- Total Loans: $177 million
- Total Net Worth: $31 million
- Total Net Worth Per Member: $1,435
- Net Worth Ratio: 9.0%
- Based on the NCUA guidelines, this credit union is well capitalized
People Driven Credit Union Branch Locations & Hours
Romeo Branch
- Address: 141 South Main Street, Romeo, MI 48065
- Hours of Operation: Mon-Tues, Thurs 9am-5pm, Wed: 10am-5pm, Fri: 9am-6pm
Ypsilanti Branch
- Address: 5397 West Michigan Ave. Ypsilanti MI 48197
- Hours of Operation: Mon-Tues, Thurs 9am-5pm, Wed: 10am-5pm, Fri: 9am-6pm
Warren Branch
- Address: 30897 Mound Rd, Warren, MI 48092
- Hours of Operation: Mon-Tues, Thurs 9am-5pm, Wed: 10am-5pm, Fri: 9am-6pm
Other Credit Unions Similar to People Driven Credit Union
The following credit unions have an overlapping field of membership with People Driven Credit Union and therefore are worth considering if you’re interested in joining this credit union, or already a member:
- Michigan First Credit Union
- Michigan Schools and Government Credit Union
- Our Credit Union
- FreeStar Financial
- Extra Credit Union
Each of the above credit unions are open to people that live, worship or attend education institutions within the state of Michigan.