parsons federal credit union parsons fcu parsonsfcu

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Loan Rates

We take pride in offering highly competitive and affordable APRs on loans for our members. See below for what's current and remember that Members Plus+ discounts apply to all auto loans. Visit the Members Plus+ page for more details and learn how it can save you money.

The Board of Directors declared the following loan rates effective March 1 - March 31, 2023:

*As-Low-As Annual Percentage Rate displayed is the lowest rate available on approved credit and Member Plus+ discounts. All loans are subject to approval.

loan rates
Mortgage Loans**
Loan Type Term Annual Percentage Rate

Parsons Federal Credit Union makes Home Equity loans and HELOCs Nationwide.

First Mortage Rates - Visit our Mortgage Center

 First Mortgage Visit our Mortgage Center for rates
Mortgage Eliminator Loan, 10-Year Fixed 6.00%*
Home Equity Loan, 15-Year Fixed 7.27%*
Home Equity Line of Credit 7.75%* After 6-month promo rate of 1.99% APR
Interest-Only HELOC 7.75%*

loan rates
Vehicle Loans
Loan Type Term Annual Percentage Rate

NEW AUTO LOANS

 Up to 48 Months 4.00%*
49 to 60 Months 4.75%*
61 to 72 Months 5.00%*
73 to 84 Months 5.49%*

PRE-OWNED AUTO LOANS

 Up to 48 Months 5.00%*
49 to 60 Months 5.75%*
61 to 84 Months 6.25%*
73 to 84 Months 6.75%*

loan rates
Motorcycle and Scooter Loans
Loan Type Term Annual Percentage Rate

New and Pre-Owned

 Up to 36 Months 6.00%*
37 to 60 Months 7.00%*
61 to 72 Months 8.00%*

loan rates
Off-road Vehicle Loans
Loan Type Term Annual Percentage Rate

New and Pre-Owned

 Up to 36 Months 6.00%*
37 to 60 Months 7.00%*
61 to 72 Months 8.00%*

loan rates
RV and Boat Loans
Loan Type Term Annual Percentage Rate

New and Pre-Owned

 Up to 72 Months 8.00%*
73 to 120 Months 9.75%*
121 to 180 Months 9.75%*

loan rates
Signature and Lifestyle Loans
Loan Type Term Annual Percentage Rate

Signature Loan ($30,000 Maximum)

Personal Loan

 0 to 60 Months 9.49%*

loan rates
Personal Line of Credit
Loan Type Term Annual Percentage Rate

Line of Credit ($30,000 Maximum)

Personal Loan

 Revolving 10.75%* Fixed

loan rates
Share Secured Loan
Loan Type Term Annual Percentage Rate

Share Secured Loan

Personal Loan

 12 to 60 Months Deposit Rate + 3%*

loan rates
Immediate Need Loan/Debt Consolidation Loan
Loan Type Term Annual Percentage Rate

Immediate Need Loan ($1,000 Maximum)

Personal Loan

 12 Months 18.00%*

Debt Consolidation Loan ($30,000 Maximum)

Personal Loan

 Up to 60 Months 9.49%*

Debt Consolidation Loan ($10,000 Minimum; $30,000 Maximum)

 60 to 72 Months 9.99%*

Sample Custom Loan Payment - Table

Sample Custom Loan Payment
Sample Auto Loan Payment
$30,000 at 6.75% APR*+ for a term of 84 months is $450.87
Sample Personal Loan Payment
$1,000 at 9.49% APR*+ for a term of 24 months is $46.19
Sample Scooter/Motorcycle Loan Payment

$10,000 at 6.00% APR*+ for a term of 36 months is $305.38

$10,000 at 7.00% APR*+ for a term of 60 months is $198.99

$10,000 at 8.00% APR*+ for a term of 72 months is $176.33
Sample Off-Road Loan Payment

$10,000 at 6.00% APR*+ for a term of 36 months is $305.38

$10,000 at 7.00% APR*+ for a term of 60 months is $198.99

$10,000 at 8.00% APR*+ for a term of 72 months is $176.33
 
Sample Custom Loan Payment
Sample Boat & Recreation Vehicle Loan Payment:
$50,000 at 8.00% APR*+ for a term of 72 months is $881.63
$50,000 at 9.75% APR*+ for a term of 120 months is $658.42
$50,000 at 9.75% APR*+ for a term of 180 months is $533.42
Sample Personal Line of Credit Loan Payment:
Maximum draw of $500 at 10.75% APR*+ for a term of 48 months is $12.96
Sample Immediate Need Loan Payment
$1,000 at 18.00% APR*+ for 12 months is $91.62
Sample Debt Consolidation Loan Payment
$10,000 at 949% APR*+ for 48 months is $210.07
*APR = Annual Percentage Rate
 

Visa Credit Cards

Visa Credit Cards
 Visa Credit Cards Interest Rates & Interest Charges
(These cards are no longer offered to the membership as of March 1, 2023)
  Classic & Share Secured Gold Lite Platinum
Annual Percentage Rate
(APR for Purchases) 		13.50% 9.90% as low as 13.75% based on credit score
APR for Balance Transfers 13.50% 9.90% as low as 13.75% based on credit score
APR for Cash Advances 13.50% 9.90% as low as 13.75% based on credit score
Penalty Rate and When it Applies There is no penalty rate.
How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge There is no minimum interest charge.
For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at  https://www.consumerfinance.gov/
Fees
Annual Fee None
Transaction Fees
  • Balance Transfer
  • Platinum VISA: $5.00 or 1.00% of the amount of each balance transfer, whichever is greater
    All Other VISA: None
  • Cash Advance
  • Platinum VISA: $5.00 or 1.00% of the amount of each cash advance, whichever is greater
    All Other VISA: None
  • Foreign Transaction
  • Platinum VISA: No transaction fee
    All Other VISA: 1.00% of each transaction in USD
Penalty Fees
  • Late Payment
  • Platinum VISA: 3.00% of the amount of the required minimum payment, if 10 or more days late. Fee will not exceed $29.00
    All Other VISA: 3.00% of payment due or $5.00 whichever is greater
  • Over-the-Credit-Limit
  • Returned Payment
  • None
  • $29.00
Other Fees None
Document Copy Fee: $2.00
Statement Copy Fee: $5.00 Per Copy/Per Month
Emergency Card Replacement Fee: Up to $160.00
Rush Fee: $75.00 Two Day Delivery, or $50.00 Three Day Delivery
How We Will Calculate Your Balance: We use a method called "average daily balance" (including new purchases). 1

1 Credit card interest charges are calculated using the total amount due on a card at the end of each day. The average daily balance totals each day's balance for the billing cycle and divides by the total number of days in the billing cycle.

*As-Low-As Annual Percentage Rate displayed is the lowest rate available on approved credit and Member Plus+ discounts. All loans are subject to approval.

** Rates quoted are for primary owner-occupied transactions secured by a single family or 1-4 owner-occupied residence. The credit union will add a margin of 1.00% on secondary/investment properties.