Parda Credit Union Ypsilanti MI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Parda Credit Union, your trusted partner in financial well-being since 1974! Located at 2170 Packard Rd, Ypsilanti, MI 48197, we have proudly served our community for nearly five decades, building lasting relationships with our 15,201 members. Our commitment goes beyond just banking; it's about enhancing the lives of those we serve. At Parda, we understand the importance of having a financial institution that truly cares. With total assets exceeding $208 million and total deposits around $9.57 million, we are well-equipped to provide a variety of services tailored to meet your needs. Whether you are looking for personal banking solutions like checking accounts and auto loans or business banking services, we have something for everyone. Our leadership team, headed by CEO Kimberly Jones and Board President David Sweet, is dedicated to ensuring that every member receives top-notch service and support. We take pride in our team of 59 employees, who work tirelessly to foster an environment of trust and reliability. While members can visit us at our branch location, official correspondence should be sent to our mailing address at 2601 Cambridge Ct Ste 210, Auburn Hills, MI 48326-2580. You can reach us at 734-973-7208 during our lobby hours from Monday to Friday, 9:00 AM to 5:00 PM ET. Join us in making a difference in your financial journey! Explore our website at www.parda.com for more information on how you can become a member or open an account today!

Branch History & Mission

Parda Credit Union has been a cornerstone of the Ypsilanti community since it opened its doors in 1974. With a rich history spanning nearly five decades, we have grown alongside our members, adapting to their needs while remaining committed to our mission of providing exceptional financial services and support to the community. Today, we proudly serve over 15,200 members, helping them achieve their financial goals with confidence. Located at 2170 Packard Rd, Ypsilanti, MI 48197, our branch is easily accessible for local residents. We are just a short drive from popular landmarks such as Eastern Michigan University and the historic downtown area. Our commitment to serving our community is reflected in everything we do. At Parda Credit Union, our mission is simple: to empower individuals and families by offering reliable financial solutions that foster growth and security. We understand that each member's journey is unique, which is why we provide a range of services tailored to meet diverse needs from personal checking and savings accounts to auto loans and mortgages. Our goal is not only to help you manage your finances but also to enhance your overall quality of life. While members can visit us at our physical location, official correspondence should be sent to our mailing address at 2601 Cambridge Ct Ste 210, Auburn Hills, MI 48326-2580. This ensures that all communications reach us promptly. Parda has made significant strides in integrating digital advancements into our services. We offer online banking and mobile app capabilities, making it easier than ever for you to manage your finances on the go. Our commitment extends beyond just technology; we prioritize accessibility with ADA-compliant facilities and services designed with your convenience in mind. Community outreach is at the heart of what we do. We actively partner with local organizations to support initiatives that promote financial literacy and well-being among residents in Washtenaw County. Our team believes in giving back and contributing positively to the lives of those around us. As we look ahead, we invite you to join the Parda family. Experience firsthand how being a member of Parda Credit Union can make a difference in your financial journey. Whether you're looking for a new account or need assistance with loans, we're here for you every step of the way. Visit us during our operating hours Monday through Friday from 9:00 AM to 5:00 PM ET or give us a call at 734-973-7208. Let's work together towards a brighter financial future!

Branch Location & Accessibility

Welcome to Parda Credit Union, conveniently located at 2170 Packard Rd in Ypsilanti, MI. This branch is not just a place to bank; it's a welcoming hub for our members and community. Situated near the vibrant local area, we are easily accessible from major roads and just a stone's throw away from popular spots like the Ypsilanti District Library and the historic Depot Town. Whether you're stopping by for daily banking needs or exploring what we have to offer, you'll find us right where you need us. At Parda, we prioritize your convenience. Our branch features ample parking and is fully ADA compliant, ensuring that everyone can access our services comfortably. If you prefer banking on the go, we also provide ATM services at this location for quick withdrawals and balance checks. Plus, with our drive-thru banking option available, you can handle transactions without even leaving your car perfect for busy days! We're open Monday through Friday from 9:00 AM to 5:00 PM ET, making it easy for you to visit us during your schedule. If you have any questions or need assistance, don't hesitate to call us at 734-973-7208. We're here to help! While members can visit us at 2170 Packard Rd, official correspondence should be sent to our mailing address at 2601 Cambridge Ct Ste 210 in Auburn Hills. Come see us today at Parda Credit Union! We look forward to serving you and helping you achieve your financial goals.

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 network that prioritizes your financial well-being. If you're looking to become a member, it's easy! We welcome anyone who lives, works, worships, or attends school in Washtenaw County, as well as their family members. This means whether you're new to the area or have deep roots here, you can take advantage of our personalized services and benefits designed with you in mind. For more detailed eligibility information, feel free to visit our website at http://www.parda.com/join/how-to/become-a-member. Getting started is simple! You can open your account online by visiting https://now.parda.com/enroll, or if you prefer a personal touch, give us a call at (734) 973-7208. Our friendly staff is ready to assist you with any questions you might have. Join us today at 2170 Packard Rd Ypsilanti Mi 48197, and let's work together towards your financial goals!

Business Banking & Commercial Services

Commercial Loans

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

Imagine having a streamlined payment processing system that allows you to focus on what you do best running your business. Our merchant services empower you to accept payments easily, whether in-store or online. This flexibility helps improve customer satisfaction and boosts sales, making it easier for your business to thrive. Visit us at 2170 Packard Rd Ypsilanti Mi 48197 in Ypsilanti, MI or call us at (734) 973-7208 to learn more about how we can help your business flourish!

Comprehensive List Of Services

Business Banking

If you're a small business owner, we've got you covered too! Our business banking services include merchant services and business loans tailored to help your enterprise thrive. We know that every business is unique, so we strive to provide flexible options that fit your specific requirements.

Convenient Digital Banking

In today's fast-paced world, convenience matters. That's why Parda has invested in robust online and mobile banking features. Access your accounts anytime, anywhere from your smartphone or computer. You can perform transactions such as deposits and withdrawals with ease through our ATMs and cash withdrawal services. Our basic drive-thru banking allows for quick transactions without leaving your car, making banking even more convenient when you're on the go.

Credit Cards & Rewards

We understand that everyday spending can add up quickly. That's why we offer credit cards with rewards, allowing you to earn points on purchases that can be redeemed for exciting rewards. It's a smart way to make your spending work for you!

Get Started Today!

With so many services designed around your needs, it's time to take charge of your financial future with Parda! Feel free to reach out at (734) 973-7208 or visit us at our branch location. We invite you to explore all that we have to offer by visiting our website at Parda Credit Union. Join us today and see how we can help enhance your financial journey!

Personal Banking Solutions

Managing your personal finances should be easy and straightforward. That's why at Parda, we offer an array of personal banking services including checking and savings accounts that help you grow your money while keeping it accessible. Need a reliable way to finance your next car? Our auto loans and vehicle financing options make it simple for you to drive off in the vehicle you want without breaking the bank. For those looking to buy a home or refinance an existing mortgage, our mortgage loans cater to various needs and budgets. Additionally, if you're facing debt challenges, our personal loans and debt consolidation options can provide the support you need to regain control of your finances.

Digital & Online Banking

At Parda, we understand that your time is precious. That's why we offer a range of digital and online banking services designed to give you convenience and peace of mind. You can easily manage your finances from the comfort of your home or on the go, ensuring your banking experience is as smooth and secure as possible. One of the highlights of our offerings is our comprehensive online banking platform, which you can access anytime at https://www.parda.com. With 24/7 online banking services, you can check your account balances, pay bills, and transfer funds effortlessly. Plus, our user-friendly mobile application allows you to do all this right from your smartphone. We also provide electronic statements, so you can keep track of your finances without the clutter of paper. Simply opt for e-statements, and you'll receive secure updates directly to your email. While we don't currently offer mobile payments, rest assured that our existing features are designed with your security in mind. Want to send money to friends or family? Our person-to-person transfer service makes it easy to send funds quickly and securely. Just a few clicks are all it takes to share the love or settle up after dinner! In addition, we prioritize security with features like electronic signature authorization though it's worth noting that this option isn't available yet at Parda. We're committed to keeping your information safe while providing you with tools that help you stay in control of your finances. Join us at Parda today and experience the ease of digital banking tailored for your needs! Whether you're checking balances or transferring money, we're here to make banking simple and accessible for everyone.

Financial Strength

Growing Member Base

We have built a strong community with 32,524 total share accounts, showing a 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 2170 Packard Rd Ypsilanti Mi 48197 or call 734-973-7208 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.

Member-Focused Savings

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.

Operational Efficiency

Our net income of $414,823 reflects our operational efficiency, 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.

Reinvestment for Growth

With $24,345,236 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity supports members' financial goals with $109,980,548 in total loans and leases, including $19,947 in used auto loans. This means we're ready to help you achieve your dreams whether it's buying a car or funding a home.

Strong Financial Health

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.

Loan Offering

Additional Offerings

For those considering business ventures, while we do not have outstanding commercial loans at this time, we encourage entrepreneurs to explore our future offerings as they become available. If you're interested in refinancing or exploring eligibility options for any of our loan products, please don't hesitate to reach out. You can contact us at 734-973-7208 or visit us at our branch located at 2170 Packard Rd Ypsilanti MI 48197. 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 Credit Union, we are committed to providing our members with reliable financial support and guidance every step of the way.

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 provide flexible terms to ensure you can find an option that suits your budget.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $18,636,554, make buying or refinancing simple. We aim to guide you through the process and help you understand your options.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, though currently we have no outstanding balances in this category. This means that when available, these loans can help our members manage their finances effectively.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment to compliance guarantees that all offers are fair and transparent. Users can trust that they are viewing legitimate loan options without hidden agendas.

Parda