What’s the difference between dividend/interest rate and APY?
The difference between the Dividend Rate and APY (Annual Percentage Yield) lies primarily in considering compounding. Here’s a breakdown: Interest Rate Definition: The interest rate is the nominal rate at which interest is paid on the...
Continue ReadingWhat does APY mean?
APY stands for Annual Percentage Yield. It is a measure of the total amount of interest earned on an account based on the interest rate and the frequency of compounding over a year. APY is a useful metric for comparing the annual earnings on different...
Continue ReadingHow do I deposit a check with my phone?
Gone are the days when you had to visit a branch to deposit your checks. With People Driven Credit Union’s mobile check deposit service, managing your finances becomes a breeze. This technology, known as remote deposit capture, lets you deposit...
Continue ReadingWhat if I forgot my access code to iTalk?
Please give us a call at 248-263-4100 or toll free at 844-700-7328 and speak with a representative to assist...
Continue ReadingWhat is iTalk?
iTalk Telephone Teller is a free telephone banking service. Check your account balances, see if a check has cleared, transfer money between accounts, check your loan balance, make loan payments from checking or savings, or request a statement be mailed...
Continue ReadingHow do I make a mobile deposit?
To make a mobile deposit to your PDCU account using your smartphone, log into your MyPDCU app or the MyPDCU online banking portal and click on "Deposit." Enter the check amount, click "Continue," and select which of your accounts (if you have more than...
Continue ReadingCan I save/print my Estatement?
YES! Depending on your browser, once you have opened your statement you may see icons on the top corner for downloading and printing. You may also right click on your mouse and choose ‘save as’ or...
Continue ReadingHow do I protect my account when using mobile banking?
We suggest using a password only you would know. Do not save any passwords on devices that are not yours. Use facial recognition or thumbprint recognition on your private...
Continue ReadingHow do I find my tax statements?
When preparing your tax return, you are asked to include the amounts of interest earned on your accounts. If your account earned $10 or more in the calendar year, a 1099-INT will be issued. 1099-INTs are typically mailed to you by the end of January in...
Continue ReadingIs there a charge for monthly statements?
There is a $1 per month charge for mailed statements unless you are under 23 years of age or are a Senior Power Pack...
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