People Driven Credit Union has filed a notice of an exempt offering of securities to raise $10 Million in New Funding.
According to filings with the U.S. Securities and Exchange Commission, People Driven Credit Union is raising up to $10 Million in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About People Driven Credit Union
People Driven Credit Union is a state-wide, member-owned credit union headquartered in Michigan that focuses on providing fair, transparent, and accessible financial services to its members. It offers a full range of banking products, including checking and savings accounts, auto loans, home mortgages, home equity loans, personal loans, credit cards, and comprehensive digital banking tools designed to put members needs first. The credit union emphasizes community investment, keeping every dollar deposited within the Michigan communities it serves, including areas such as Livonia, Southfield, Warren, Romeo, and Ypsilanti. Founded with the goal of delivering a secure and supportive experience, People Driven Credit Union positions itself as an alternative to traditional banks by answering to its members rather than shareholders and backing deposits with federal insurance up to $250,000 through the NCUA. It highlights a commitment to personalized service and convenient access, inviting members to connect by phone, online, or at its branch locations for help with managing their money and achieving their financial goals.
To learn more, visit https://www.peopledrivencu.org/
LinkedIn: https://www.linkedin.com/company/people-driven-credit-union
Contact:
Andrea Badics, Chief Financial Officer
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