Parda Federal Credit Union
Headquarters
P.o. Box 5010
Rochester, MI 48308
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2024 Overview
General Credit Union Information
Parda is an NCUA insured institution located in Rochester, MI. It was founded in 1974 and has approximately $212.83 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 | $212.83 million |
| Loans | $110.47 million |
| Deposits | $188.01 million |
| Capital | $27.83 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 - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.03% | $1 | $99 | Learn More |
| Int Ckg
|
0.07% | $2,500 | $3,499 | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Parda
To upload and update your bank's rates please register.
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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:
Columbus,Ohio
Parda Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 161.37 | A | View Lobby Hours | |
| 172.07 | B | View Lobby Hours | |
| 187.59 | C | View Lobby Hours | |
| 254.51 | D | View Lobby Hours | |
| 256.51 | E | View Lobby Hours | |
| 354.43 | F | View Lobby Hours | |
| 359.22 | G | View Lobby Hours | |
| 399.36 | H | View Lobby Hours | |
| 455.49 | I | View Lobby Hours | |
| 455.81 | J | View Lobby Hours | |
| 535.16 | K | View Lobby Hours |
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 |
|---|---|
| 2.13% | 5.83 |
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, 2024, Parda had $559,330 in non-current loans and $53,709 in owned assets. To cover these potential losses it had $27,825,082 in net worth and $897,932 in loans loss reserves. That gives it a Texas Ratio of 2.13%.
Net Worth
| Parda | U.S. Average |
|---|---|
| 13.07% | 13.93% |
Parda FCU has a net worth of 13.07% versus the BestCashCow average of 13.93. 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
Renee G
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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