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 Government. Is my money safe in a Money Market...
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 capabilities. What is a...
Continue ReadingWhat is Community Alliance Credit Union’s (CACU) routing number?
Former Community Alliance Credit Union (CACU) members should now use People Driven Credit Union’s routing number: 272484988. What is Community Alliance Credit Union’s (CACU) routing number? In 2023, People Driven Credit Union merged with Community...
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 an IRA Certificate of Deposit?
What is an IRA Certificate of Deposit at People Driven Credit Union? An IRA CD works similarly to a regular CD. Your initial investment earns a fixed interest rate over a set timeframe and renews automatically. What is an IRA Certificate of...
Continue ReadingIs there a minimum balance for a checking account?
PDCU's checking accounts require no minimum balance and have no monthly maintenance fees! Many members ask whether there is a minimum balance requirement for a checking account, as they want simple, fee-free banking. 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...
Continue ReadingCan I set up alerts for my account?
Yes, the credit union offers alerts that can be set up in online banking. Alerts will come through as a text and/or email. There is no fee for this, though standard text message rates apply; please check with your mobile provider for details. Many...
Continue ReadingCan I save or print my Estatement?
YES! Depending on your browser, once you have opened your statement in online banking, you may see icons in the top corner for downloading and printing. You may also right-click on your mouse and choose ‘save as’ or ‘print’. Many members ask,...
Continue ReadingHow do I protect my account when using mobile banking?
We suggest using a password that only you would know. Do not save any passwords on devices that are not yours. Use facial recognition or thumbprint recognition on your private devices. Many members ask how to protect their accounts when using mobile...
Continue ReadingCan I update my address online?
YES! Please log in to online banking, choose the ‘Services’ tab, and select ‘change address’. Many members ask how to update their address online because it is fast, secure, and convenient, whether at home or on the go. How to Update Your...
Continue ReadingHow do I find my tax statements?
How do I find my tax statements from People Driven Credit Union? You can typically find tax statements in digital banking documents or by contacting People Driven Credit Union for support. How to locate tax statements Sign in to online banking and...
Continue ReadingIs there a charge for monthly statements?
Is there a charge for monthly statements at People Driven Credit Union? Whether there is a charge for monthly statements depends on your account type and delivery preferences. Contact People Driven Credit Union for account-specific details. What to...
Continue ReadingWho do I contact if I did not receive a monthly statement?
What should I do if I did not receive my monthly statement from People Driven Credit Union? If you did not receive your monthly statement, contact People Driven Credit Union right away so we can verify delivery preferences and account details. What to...
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