Parda Credit Union Loves Park IL | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Parda Federal Credit Union, your trusted financial partner located at 5500 Forest Hills Rd, Loves Park, IL 61111. Established in 1974, we have proudly served our community for nearly five decades, growing to a vibrant membership of 15,201 individuals and families who rely on us for their banking needs. With total assets exceeding $208 million, we are dedicated to providing you with the best financial solutions tailored just for you. At Parda, we believe in making banking accessible and straightforward. Our members enjoy a range of services including personal banking, auto loans, mortgage options, and business financing. With over $9.5 million in total deposits and a strong net worth of $28 million, our credit union is solid and secure, ensuring that your money is safe with us. Under the leadership of our CEO, Kimberly Jones, and Board President, David Sweet, we are committed to fostering a welcoming environment where everyone feels valued. Our team of 59 employees is here to assist you with all your financial needs, whether it's applying for a loan or setting up an account. While you can visit us at our branch for any inquiries or support, please note that official correspondence should be sent to our mailing address: c/o Cadbury Adams USA LLC, Loves Park, IL 61111-5213. We invite you to explore the benefits of membership at Parda Federal Credit Union. For more information about our services or to become a member today, please visit our website at parda.com or give us a call at 815-282-5631. Your financial journey starts here!

Branch History & Mission

Commitment to Innovation

As technology continues to advance, so do we. Parda offers modern banking conveniences like online banking and mobile applications that allow members to manage their finances anytime, anywhere. With ATM availability at our branch, you can access your funds easily and securely. While visiting us at 5500 Forest Hills Rd, you'll find friendly staff ready to assist you during our operating hours: Monday through Tuesday and Thursday from 9:00 am to 4:00 pm; Wednesday from 9:00 am to 2:00 pm; and Friday from 6:30 am to 3:30 pm. Although we don't currently offer drive-thru services or shared service centers, our commitment to personal service ensures that your experience with us will be exceptional. If you wish to send official correspondence, please note that it should be directed to c/o Cadbury Adams USA LLC, Loves Park, IL 61111-5213.

Join Us

At Parda Federal Credit Union, we invite you to become part of something special. Experience firsthand how we blend traditional values with modern banking solutions tailored just for you. Visit us today or check out more information on how to become a member here. Together, let's build a brighter financial future!

Our Mission

Our mission at Parda is simple yet powerful: to provide comprehensive financial services while actively supporting the communities we serve. We strive to empower individuals with the tools they need to succeed financially. Whether it's through our checking and savings accounts, auto loans, or mortgage refinancing options, we are dedicated to offering products that fit the diverse needs of our members. We believe that community involvement is key to creating lasting impact. That's why we engage in various outreach efforts and partnerships aimed at uplifting local initiatives. Our commitment extends beyond banking; we work hard to ensure that every member feels valued and understood.

Branch Location & Accessibility

Welcome to Parda Federal Credit Union, your friendly financial partner located conveniently at 5500 Forest Hills Rd, Loves Park, IL 61111. Our branch is situated in a vibrant area, close to local landmarks like the Loves Park City Hall and the scenic Rock River, making it easy for you to stop by while enjoying everything our community has to offer. At Parda, we prioritize accessibility for all members. Our branch features ADA-compliant entryways and ramps, ensuring everyone can visit us with ease. Ample parking is available right outside our door, so you won't have to worry about finding a spot when you come in for your banking needs. We are here for you during convenient hours: Monday through Tuesday and Thursday from 9:00 AM to 4:00 PM, Wednesday from 9:00 AM to 2:00 PM, and Friday from 6:30 AM to 3:30 PM. Whether you're looking to open an account, apply for a loan, or simply ask questions about our services, our friendly staff is ready to assist you. If you're in need of quick cash access, we also provide ATM services right here at the branch. While we don't have drive-thru banking facilities, our team is always prepared to serve you inside with a smile. For any official correspondence that needs to be sent via mail, please address it to c/o Cadbury Adams USA LLC at the same Loves Park address. Feel free to give us a call at 815-282-5631 if you have any questions or need assistance before your visit. We look forward to welcoming you into our Parda family!

Member Eligibility

At Parda, we believe that joining our community is more than just opening an account it's about becoming part of a supportive family. We welcome anyone who lives, works, or worships in the area around our branch to apply for membership. This means if you're in the Loves Park area or nearby, you're likely eligible! Becoming a member not only gives you access to great financial services but also connects you with a community that cares about your financial well-being. You can find all the detailed eligibility criteria on our website at http://www.parda.com/join/how-to/become-a-member, which is a great resource for checking if you qualify. Once you confirm your eligibility, opening an account with us is a breeze! Just head over to our account opening page at https://now.parda.com/enroll to get started. If you have any questions along the way, feel free to give us a call at (815) 282-5631. We're excited to help you become part of the Parda family and support your financial journey!

Business Banking & Commercial Services

Loan Options That Make a Difference

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $48 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services for Everyday Needs

In addition to loans, we offer comprehensive merchant services that simplify payment processing. Whether you're running a café or a retail store, our merchant services allow you to accept payments easily, so you can focus on what you do best serving your customers. Located at 5500 Forest Hills Rd Loves Park Il 61111 in Loves Park, IL, our team is here to help you navigate your business banking needs. Reach out at (815) 282-5631 today to discover how we can support your journey!

Comprehensive List Of Services

Business Banking Services

For our business members, we provide tailored solutions like merchant services and business loans designed to help you grow and manage your operations smoothly. We know running a business requires quick access to funds; thus, our services are built for convenience.

Digital Access & Convenience

In today's fast-paced world, convenience is key. At Parda Federal Credit Union, we offer robust online and mobile banking features that allow you to check balances, transfer funds, pay bills, and more all from the palm of your hand. Plus, with access to ATMs for cash withdrawals and balance checks, managing your finances has never been easier. If you have any questions or need assistance navigating our services, don't hesitate to reach out! Call us at (815) 282-5631, or visit us during our lobby hours: Monday - Tuesday and Thursday from 9 AM - 4 PM; Wednesday from 9 AM - 2 PM; Friday from 6:30 AM - 3:30 PM. We invite you to explore how Parda can support your financial journey today! Visit us online at https://www.parda.com for more information or start managing your accounts directly by enrolling here. Your financial success is just around the corner!

Financial Support When You Need It

Life can throw unexpected challenges your way, but with our personal loans and debt consolidation services, we can help ease some of that burden. Whether it's funding a personal project or consolidating existing debts into one manageable payment, we're here to assist. Additionally, enjoy rewards on your purchases with our credit cards that come packed with benefits. It's an excellent way to earn while spending on everyday essentials.

Personal Banking Solutions

Whether you're opening your first checking account or looking for ways to save for the future, our personal banking services have you covered. We offer various checking and savings accounts that cater to different lifestyles. Imagine having easy access to your funds anytime with our convenient online banking platform, which allows you to manage your money from anywhere. If you're considering a new vehicle, our auto loans and vehicle financing options make it easy to drive away in your dream car. We provide competitive rates and flexible terms tailored to fit your budget. Planning to buy a home? Our mortgage loans and refinancing options can guide you through the process, ensuring you find the right loan for your new house or investment property.

Digital & Online Banking

Key Features

Say goodbye to paper clutter with our e-statements feature. Enjoy the peace of mind that comes from having your account statements delivered straight to your inbox. This not only helps you stay organized but also contributes to a greener planet by reducing paper waste. While we currently don't offer electronic signature authorization or mobile payments, you still have access to person-to-person transfers. This feature makes it simple to send money to friends or family without needing cash or checks perfect for splitting bills or sharing expenses.

Security and Accessibility

Your security is our top priority. We use advanced encryption technologies to keep your personal information safe while providing easy access to your accounts. You can rest assured that managing your finances online is both secure and straightforward. In a world that moves fast, we want you to feel empowered with real-time account management. Whether it's checking transactions or making payments, our digital banking services ensure that you're always in control of your finances. Join us at Parda and experience how easy banking can be with our comprehensive digital solutions!

Financial Strength

At Parda, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial strength is robust, providing you with the confidence you need in today's world. With a net worth of $28,079,954, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1348 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $16,547,418 in share certificates and $48,706,179 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $24,345,236 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $1,947 in used auto loans and a total of $109,980,548 in loans and leases. Our operational efficiency is reflected in our net income of $414,823, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 58 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable, committed team. We have built a strong member base with a total of 32,524 share accounts, showcasing the trust placed in us by our community. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Parda is your trusted partner. Visit us at 5500 Forest Hills Rd Loves Park Il 61111 or call 815-282-5631 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have already issued $28,010,622 in used vehicle loans and $5,898,998 in new vehicle loans, helping our members get on the road without breaking the bank. Whether you need financing for a new or used vehicle, we are here to assist you every step of the way.

Credit Lines

For those looking for additional financial flexibility, our total credit lines amount to $52,000,000. This allows members to access funds as needed while managing their finances effectively.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Property loans totaling $18,636,554. If you're considering refinancing an existing mortgage or exploring eligibility options for first-time home buyers, our team is ready to guide you through the process.

Unsecured Credit Card Loans

We also recognize that managing day-to-day expenses can require additional support. Although we currently do not have unsecured credit card loans available, we're continuously assessing our offerings to best serve our members. If you're interested in any of these loan products or would like more information on refinancing options and eligibility criteria, don't hesitate to reach out! You can contact us at 815-282-5631 or visit us at our branch located at 5500 Forest Hills Rd Loves Park IL 61111. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Parda Federal Credit Union, we are committed to providing personalized service and helping our members make informed financial choices. Explore your options today!

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Accurate Loan Comparisons

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Parda