Parda Federal Credit Union


P.o. Box 5010
Rochester, MI 48308
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Notable Rates APY Vs.Others
Savings 0.05% 5.55% →
1-Year CD 0.55% 5.41% →
2-Year CD 0.70% 5.00% →
5-Year CD 1.00% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Parda is an NCUA insured institution located in Rochester, MI. It was founded in 1974 and has approximately $213.69 millions in assets.

Who can join?

Any employee or retiree of an approved Select Employee Group (SEG) and their families are eligible to join.

Family members include - mother, father, sisters, brothers, children, grandchildren, grandparents, adoptive and step families.

NCUA Insured Yes / Federally Chartered
Charter Number # # 21686
Date Established 1974
Assets $213.69 million
Loans $110.26 million
Deposits $189.32 million
Capital $27.67 million

Field of Membership Restrictions

Membership is open to anyone through joining the American Consumer Council. Membership is also open to employees American Express Financial Advisors, Inc., BSB Communications, Chem-Tech Company and over 100 area Select Employer Groups.

Deposit Rates - April 17, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.65% $10,000 $14,999 Learn More
6 Mo CD
0.65% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $99 Learn MoreShow Less
Int Ckg
0.07% $2,500 $3,499 Learn MoreShow Less

Loan Rates - April 17, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Parda

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375% 0.88 $2,800 $2,211 Learn More
Neighbors Bank
NMLS ID: 491986
Learn More
NMLS ID: Not a Lender
Learn More
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Parda
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Below are Parda branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Climate Policy and Initiatives

PARDA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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Financial Details

Parda Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Parda. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Parda U.S. Average
4.09% 6.97

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2023, Parda had $1,114,409 in non-current loans and $53,709 in owned assets. To cover these potential losses it had $27,665,132 in net worth and $897,932 in loans loss reserves. That gives it a Texas Ratio of 4.09%.

Net Worth
Parda U.S. Average
12.95% 13.62%

Parda FCU has a net worth of 12.95% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for Parda

  • March 3, 2021 |

    I have had a few on line issues over the past 2 days one gets corrected to have another creep up. I have talked to Nicole lots of times over the past few years, Tiffany yesterday and Yvette today. All 3 Ladies are awesome. They make you feel like they know you personally and are a friend. I want to commend them for their awesome customer service and hope they never leave. They understand when you explain something that you are trying to get across to them when you are not sure you are explaining it correctly. Kudo's to them. Awesome JOB Ladies.

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