What 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 ReadingWhat’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 principal...
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 is Community Alliance Credit Union’s (CACU) routing number?
Community Alliance Credit Union’s routing number was #272477885. In 2023, People Driven Credit Union (PDCU) merged with Community Alliance Credit Union, formerly located at 37401 Plymouth Rd, Livonia, MI 48150. Former CACU members should now use...
Continue ReadingWhat is iTalk?
What is iTalk? iTalk Telephone Teller is our automated phone banking service. Use it to check balances, see if a check has cleared, transfer between accounts, review loan balances, make loan payments from checking or savings, and request a 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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