Parda Credit Union Eastpointe MI | Affordable Auto Loans & Business Banking

Introduction

Welcome to Parda Federal Credit Union, your trusted partner in financial well-being since 1974. Located at 18321 E 8 Mile Rd, Eastpointe, MI 48021, we have proudly served our community for nearly five decades, fostering a strong sense of belonging among our 15,201 members. At Parda, we understand that banking is more than just transactions; it's about building relationships and supporting one another in achieving financial goals. Our commitment to our members is reflected in our impressive financial standing. With total assets of $208,285,969 and total deposits reaching $9,566,109, we ensure that your money is not only safe but also working hard for you. Our dedicated team of 59 employees, led by our CEO Kimberly Jones and Board President David Sweet, is here to provide personalized service tailored to meet your unique needs. While you can visit us at our branch for all your banking needs, please note that official correspondence should be sent to the same address: 18321 E. 8 Mile Road, Eastpointe, MI 48021. At Parda, we offer a range of services including checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. We're not just a credit union; we're a community-focused organization committed to making a positive impact in your life. Ready to take the next step? Give us a call at 586-773-9444 or visit our website at www.parda.com to learn more about how we can help you achieve your financial dreams. Join us today and experience the Parda difference!

Branch History & Mission

Welcome to Parda Federal Credit Union, a pillar of financial strength and community support in Eastpointe, MI. Since opening our doors in 1974, we have been dedicated to serving our members with integrity and compassion. With a total membership of over 15,200 individuals, we have built a strong foundation based on trust and commitment. Our branch is conveniently located at 18321 E 8 Mile Rd, Eastpointe, MI 48021. Whether you're passing by or visiting the nearby local parks, we invite you to stop in and experience the welcoming atmosphere that defines our credit union. While members can visit us at this address for all their banking needs, official correspondence should be sent to our mailing address: 18321 E. 8 Mile Road, Eastpointe, MI 48021. At Parda, our mission goes beyond just providing financial services; it's about empowering our community. We believe that everyone deserves access to affordable financial solutions. That's why we offer a range of services including checking and savings accounts, auto loans, mortgage loans, personal loans, and even credit cards with rewards. Our focus on personalized service ensures that each member feels valued and understood. Over the years, we have grown significantly, now boasting total assets of $208 million. This growth reflects our commitment to maintaining a healthy balance sheet while continuing to invest in the community. We understand that financial stability is crucial not just for individuals but for the entire region. That's why we actively participate in community outreach programs and partner with local organizations to make a positive impact. In today's digital world, we are proud to offer online banking services that make managing your finances easier than ever before. Our members can enjoy features such as mobile applications and person-to-person payments. While we currently do not have ATM availability or drive-thru services at this location, our dedicated staff is always ready to assist during our lobby hours Monday through Friday from 9:30 am to 5:00 pm. At Parda Federal Credit Union, we are more than just a financial institution; we are a community partner committed to making a difference in the lives of those we serve. If you haven't yet joined us, we invite you to become part of our family. Experience firsthand how Parda can help you achieve your financial goals. For more information or to get started on your journey with us today, call us at 586-773-9444 or visit our website. Join us at Parda Federal Credit Union where your future matters!

Branch Location & Accessibility

Accessibility and Amenities

At Parda, we prioritize accessibility for all our members. Our branch features ADA-compliant entrances, ensuring everyone can easily access our services. Parking is readily available right outside our doors, so you won't have to worry about finding a spot when you visit.

Connect With Us

Have questions? Feel free to call us at 586-773-9444; we're always happy to assist! Come visit us soon at Parda Federal Credit Union your financial partner in Eastpointe!

Operating Hours

We understand that your time is valuable! Our lobby hours are designed with your busy schedule in mind. You can visit us from Monday to Thursday between 9:30 AM and 4:30 PM and on Friday until 5:00 PM. We invite you to come in during these hours to experience our friendly service firsthand.

Services Offered

Our team at Parda Federal Credit Union is dedicated to providing personalized banking solutions tailored to your needs. From checking and savings accounts to auto loans and mortgages, we offer a variety of services that make banking convenient and straightforward. Although we currently do not have ATM availability or drive-thru services at this location, we encourage you to explore our online and mobile banking options for added convenience.

Member Eligibility

At Parda, we believe that everyone deserves a place to thrive, and becoming a member is your first step into our friendly community. If you live, work, worship, or attend school in the Eastpointe area, you're likely eligible to join us! We welcome individuals from all walks of life who are looking for a supportive financial partner. Plus, membership opens the door to a range of benefits like competitive loan rates, personalized service, and access to various financial products designed just for you. Getting started is simple! You can learn more about our eligibility criteria by visiting http://www.parda.com/join/how-to/become-a-member. Once you see that you're eligible, opening an account is just a click away at https://now.parda.com/enroll. If you have any questions or need assistance during the process, feel free to reach out to us at (586) 773-9444. We're here to help you every step of the way as you embark on this exciting journey with us at Parda located at 18321 E 8 Mile Rd Eastpointe Mi 48021!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $48 in non-member commercial loans, providing flexible financing solutions. Picture this: a growing bakery needs to expand its kitchen or invest in new equipment. With our commercial loans, your dreams of scaling your business can become a reality.

Merchant Services

In addition to loans, we offer comprehensive merchant services designed to simplify everyday transactions. Imagine being able to process payments quickly and efficiently, allowing you to focus on what you do best running your business. Whether it's accepting credit card payments or managing invoicing online, we provide tools that fit your needs. Join us at Parda and let's work together to build a brighter future for your business. Reach out today at (586) 773-9444 or visit us online at Parda Federal Credit Union.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're considering purchasing a vehicle, our auto loans and vehicle financing options can help turn your dreams into reality. Picture yourself behind the wheel of that new car you've always wanted. Our competitive rates and flexible terms ensure you get the best deal possible without straining your budget.

Business Banking Services

For our business members, we provide comprehensive banking solutions including merchant services and business loans. We understand that running a business comes with its challenges, which is why we're committed to offering support tailored specifically for your needs.

Credit Cards with Rewards

With our credit cards offering rewards, every purchase can earn you something back! Imagine shopping for groceries or dining out while accumulating points towards exciting rewards what could be better?

Digital Banking Features

In today's fast-paced world, convenience is key. That's why at Parda Federal Credit Union, we offer robust online and mobile banking platforms. Access your accounts anytime, anywhere whether it's checking balances, transferring funds, or making payments all from the comfort of your home or on the go. We're proud to serve our community with these comprehensive services designed for real-life scenarios. If you're ready to take control of your financial future or simply have questions about how we can assist you further, don't hesitate to reach out! 📞 Call us today at (586) 773-9444 or visit us at 18321 E 8 Mile Rd Eastpointe Mi 48021 in Eastpointe, MI. Let's start working together toward achieving your financial goals!

Mortgage Loans & Refinancing

Thinking about buying a home or refinancing an existing mortgage? Our mortgage loans offer competitive rates and personalized service to guide you through the process. We understand that buying a home is one of the biggest decisions you'll ever make, and we're here to support you every step of the way.

Personal Banking Solutions

Our personal banking services include checking and savings accounts tailored to help you manage your money efficiently. Imagine having a checking account that fits your lifestyle, making it easy to track expenses while also earning interest on your savings. With options that suit both short-term needs and long-term goals, you can feel confident knowing your finances are in good hands.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses at you. That's where our personal loans come in handy. Whether it's for a big purchase or consolidating debt, we offer straightforward options that can help lighten your financial load. Our goal is to provide solutions that fit into your life seamlessly.

Digital & Online Banking

At Parda, we understand that convenience and security are essential to your banking experience. That's why we offer a variety of digital and online banking services designed to make managing your finances easy, whether you're at home or on the go. With our 24/7 Online Banking services, you can access your accounts anytime through our user-friendly platform at https://www.parda.com. Checking your balance, transferring funds, and paying bills has never been easier. Plus, with our E-Statements, you can receive your account statements electronically, helping you stay organized while reducing paper clutter. We know that life can get busy, so our Mobile Application allows you to manage your accounts directly from your smartphone. Whether you want to deposit checks or set up Person-to-Person Transfers, it's all right at your fingertips. And if you're looking for a quick way to pay friends or family, our platform makes it simple and secure. When it comes to security, we've got you covered. Our online services are protected with robust security measures, ensuring that your information remains safe while you bank from anywhere. While we currently do not support Mobile Payments, rest assured that we're constantly working on enhancing our services based on member feedback. For those who prefer a more traditional approach, we still offer features like Electronic Signature Authorization, allowing you to sign documents digitally without needing to visit us in person. At Parda, we are committed to providing accessible and efficient banking solutions that fit your lifestyle. Join us today and discover how easy managing your finances can be!

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 our strong financial position, which reflects our commitment to serving you with excellence. 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 $109,980,548 in total 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 and committed team. Total Share Accounts stand at 32,524, showing a strong and growing member base that trusts us with their finances. 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 18321 E 8 Mile Rd Eastpointe Mi 48021 or call 586-773-9444 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. With over $28,010,622 in used vehicle loans and $5,898,998 in new vehicle loans already helping members get on the road, we are committed to providing flexible financing options that meet your needs.

Credit Lines and Personal Loans

In addition to auto and mortgage loans, we provide personal financing solutions through our credit lines totaling $52,000,000. These lines of credit can help cover unexpected expenses or consolidate debt into manageable payments.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $18,636,554, designed to fit various budgets and preferences. Whether you're a first-time buyer or looking to refinance an existing mortgage, we have solutions that can work for you.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. Although currently there are no outstanding unsecured credit card loans at Parda, our focus remains on providing options that help our members manage their finances effectively when they need it most. If you're considering refinancing or exploring eligibility options for any of our loan products, please visit our website at www.parda.com for more details. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. No matter what your financial situation looks like today, we are dedicated to helping you find the right loan product that fits your needs. Visit us at Parda in Eastpointe and let's explore your options together!

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Parda