FAQ Category: Accounts
What is a CD Ladder?
A CD (Certificate of Deposit) Ladder is an investment strategy that involves dividing a sum of money into multiple CDs with different maturity dates. The primary goal of this approach is to balance the benefits of earning higher interest rates on...
Continue ReadingIs my money safe in a Money Market Savings Account?
People Driven Credit Union Money Market Savings Accounts are insured to at least $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States...
Continue ReadingWhat is a Money Market Savings Account?
A Money Market Savings Account is a type of savings account that typically offers higher interest rates compared to traditional savings accounts. It often requires a higher minimum balance and may provide limited check-writing...
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 ReadingWiring Instructions
For wiring funds to a People Driven Credit Union account: Wire to: Alloya Corporate Federal Credit Union 26555 Evergreen Southfield, MI 48076 ABA number: 2724-78075 Credit: People Driven Credit Union 24333 Lahser Southfield, MI...
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 ReadingWhat is an IRA Certificate of Deposit?
An IRA CD works similarly to a regular CD. Your initial investment earns a fixed interest rate over a set timeframe and renews automatically. The more money you put in, the higher your rate will be, which means a more significant return on your...
Continue ReadingIs there a minimum balance for a checking account?
PDCU's checking accounts do not require a minimum balance and have no monthly maintenance...
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 $5 per month charge for mailed statements unless you are under 23 years of...
Continue ReadingDoes People Driven offer financial counseling?
PDCU has partnered with GreenPath Financial Wellness to help our members get back on track with their finances and credit. Please call GreenPath at 877-337-3399 and let them know you’re a PDCU member and would like to make an appointment with a...
Continue ReadingHow do I avoid overdrafts?
To minimize the risk of overdrafts, we recommend checking your account balance daily. Pay transactions only when sufficient funds are available, and avoid assuming that all items will clear your account immediately. Additionally, consider utilizing...
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