Applications / Mortgage Analytics / Lenders / Michigan / PARDA Federal Credit Union
Auburn Hills, MI · Credit union · NCUA · $210 million assets · 54 loans in 2025
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54
loans originated, 2025
93
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
PARDA Federal Credit Union is a Michigan lender of small loans for purposes other than buying a home, and its lending fell by almost a quarter in 2025.
Loans for other purposes made up 42.6% of its lending and home improvement 27.8%; purchases were only 16.7%. Its typical loan was $65,000, against $95,000 at similar lenders, meaning credit unions making between half and twice as many loans. Every loan was conventional.
It made 54 loans in 2025, down 23% from 70, while similar lenders grew by 6% and the whole market by 10%. Only about one in seven similar lenders had a steeper fall. That leaves it close to the 55 a year it made in 2018 and 2019. It filed no report for 2020 to 2022.
It lends in 19 counties across six states and 14 metros, reaching Atlanta since 2003 and Savannah for the first time in 2025. Its share rounds to nothing in every market where one is shown. In Grand Rapids-Wyoming-Kentwood, Lake Michigan Credit Union led.
Its typical rate, 7.31%, was higher than at about four in five similar lenders, whose typical rate was 6.75%. Its tilt toward home-improvement and other-purpose loans may account for that. Some 34.6% of its loans went to low- and moderate-income borrowers, a little above the 31.3% at similar lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. PARDA Federal Credit Union took 93 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 42.6% · Home improvement 27.8% · Purchase 16.7% · Refinance 13.0%
Conventional 100.0% · of 54 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 34 | 63.0% |
| South Carolina | 11 | 20.4% |
| New Jersey | 4 | 7.4% |
| Georgia | 2 | 3.7% |
| Pennsylvania | 2 | 3.7% |
| Illinois | 1 | 1.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 11 |
| Ann Arbor | 6 |
| Detroit-Dearborn-Livonia | 4 |
| Newark | 3 |
| Warren-Troy-Farmington Hills | 3 |
| Kalamazoo-Portage | 2 |
| Lancaster | 2 |
| Allentown-Bethlehem-Easton | 1 |
| Atlanta-Sandy Springs-Roswell | 1 |
| Battle Creek | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300L6BONVKN6UXC26 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 162382 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 521686 | 1992–2017 |
Established 1 January 1974. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: PARDA Federal Credit Union's data.
PARDA Federal Credit Union's data
$215
PARDA Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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