Parda Federal Credit Union

Headquarters

P.o. Box 5010
Rochester, MI 48308
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 4.08% →
1-Year CD 0.55% 4.71% →
2-Year CD 0.70% 4.73% →
5-Year CD 1.00% 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Credit Union Information

Parda is an NCUA insured institution located in Rochester, MI. It was founded in 1974 and has approximately $239.71 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 $239.71 million
Loans $95.56 million
Deposits $217.91 million
Capital $26.27 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 - December 6, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
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 - December 6, 2022

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 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Northpointe Bank
NMLS ID: 447490
5.827% 5.750% 0.88 $2,100 $1,459 Learn More
PenFed Credit Union
NMLS ID: 401822
5.956% 5.875% 0.88 $2,188 $1,479 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
Learn More
Eligibility.org
NMLS ID: 1907
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$0 Learn More
More Info

Note to PARDA
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

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.

Your Location:
Ashburn,Virginia



Climate Initiatives

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

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
2.38% 4.24

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 June 30, 2022, Parda had $592,383 in non-current loans and $53,709 in owned assets. To cover these potential losses it had $26,268,764 in net worth and $886,245 in loans loss reserves. That gives it a Texas Ratio of 2.38%.

Net Worth
Parda U.S. Average
10.96% 12.40%

Parda FCU has a net worth of 10.96% versus the BestCashCow average of 12.40. 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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