Parda Federal Credit Union

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A short history of Parda FCU

Since its inception in 1974 the Parda Federal Credit Union has been serving its members in the ROCHESTER, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Kimberly Jones, the Parda FCU has grown its membership to over 17,353 with assets of more than $179,773,233. They have a main office and 9 branch offices. Please see the credit unions website or contact them by phone at (248) 340-7000 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ROCHESTER, MI.

General Information For Parda FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 21686
Address P.O. BOX 5010 
State Michigan 
Zip-Code 48308
Phone Number (248) 340-7000
Fax Number (248) 475-2550
Email Address: none
CEO/President Kimberly Jones
Members 17,353 
Full-Time Employees 51 
Part-Time Employees
Number of Branch Offices
Total Assets 179,773,233 

Compare Parda Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Cornerstone Community Financial CU Center Line 7291 Bernice 48015 (586) 754-2300 No 4.97
Genisys CU 31 Shelby Twp. 49675 Van Dyke Ave 48317 (586) 323-7060 No 6.21
Chief Financial CU Pontiac Branch 790 Joslyn Ave 48340 (248) 335-9493 No 7.58
The Local CU The Local Credit Union 39139 Mound Rd 48310 (586) 264-1212 No 8.06
Michigan Legacy CU Flat Rock Branch 22855 Gibraltar Rd 48134 (734) 379-9125 No 8.38

Parda Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Parda Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.85 7.00 3.79 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 128 545 107 132
Rank Among All Michigan Credit Unions N/A 32 117 20 23

Parda Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.30 0.40 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 97 284 266
Rank Among All Michigan Credit Unions N/A 19 17 64 58
Parda Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 17.9004,9299,290,673
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.8501,8628,834,156
Used Vehicle Loans 7.0005,90130,712,813
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.79025923,843,377
Total Other Real Estate Loans/Lines of Credit 4.2503408,245,657
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.0001,53511,529,510
TOTAL LOANS & LEASES 14,82692,456,186

Parda Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 627,978,8354599,560
    b. 15 Years or less 1379,173,1004174,000
    a. > 15 years 6781,4511199,875
    b. 15 Years or less 505,833,575231,925
Other Fixed Rate 476,41600
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 972,543,5369493,900
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2435,702,12123425,320
Open-End Fixed Rate 0000
TOTALS 59932,089,034431,924,580


Interest Only & Payment Option 1st Mortgage Loans 1238,6290
Interest Only & Payment Option Other RE/LOC Loans 1123,19334,010
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Parda Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes