Parda Federal Credit Union

Rated star_ratedstar_ratedstar_rated_halfstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 2.5 out of 5

P.O. Box 5010, Rochester, MI 48308-5010

Website

(248) 340-7000

Data Source: NCUA, December 31, 2016


Parda Federal Credit Union was founded in 1974. Headquartered in Rochester, Michigan, Parda Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Parda Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Parda Federal Credit Union services 17,071 members through its 10 offices and branches and 51 full-time and 7 part-time employees. It has $174,026,821 of total assets and $24,717,644 of net worth. Based on its asset size and net worth ratio, Parda Federal Credit Union is classified as a Well Capitalized medium large credit union.

Parda Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Parda Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Parda Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Michigan and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Michigan
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.3000
0.2500
0.2500
Certificate Deplit
0.4000
0.6000
0.5800
IRA
0.2500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
n/a
9.9600
9.9900
Unsecured Line of Credits
17.9000
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
6.2300
6.0200
New Car Loans
2.3500
2.9900
3.3300
Used Car Loans
18.0000
3.9900
4.5000
1st Mortgage Real Estates
3.7900
4.2500
4.2500
Other Real Estates
4.0000
4.5000
4.7000

Parda Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Parda Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, Parda Federal Credit Union actively involves in local communities by prliding services such as first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Parda Federal Credit Union
12345 Felch St
Holland, MI 49424-9672
Phone:616-994-6117

Parda Federal Credit Union
Main Office

2601 Cambridge Ct Ste 210
Auburn Hills, MI 48326-2580
Phone:248-340-7000

Parda Federal Credit Union
3650 Carpenter Rd Ste A
Ypsilanti, MI 48197-8591
Phone:734-973-7208

Parda Federal Credit Union
259 E 24th St
Holland, MI 49423-4856
Phone:616-392-6979

Parda Federal Credit Union
400 W Lincoln Ave
Lititz, PA 17543-8701
Phone:717-627-9329

Parda Federal Credit Union
10 Leighton Rd
Milford, CT 06460-3552
Phone:203-882-2327

Parda Federal Credit Union
185 Tabor Rd
Morris Plains, NJ 07950-2523
Phone:973-385-2885

Parda Federal Credit Union
5500 Forest Hills Rd
Loves Park, IL 61111-5213
Phone:815-282-5631

Parda Federal Credit Union
18321 E 8 Mile Rd
Eastpointe, MI 48021-3231
Phone:586-773-9444

Parda Federal Credit Union
1835 Bypass 72 Ne
Greenwood, SC 29649
Phone:864-223-6787

(248) 475-2550

No Review

  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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