Loan rates effective 1/1/2023
Maximum new car loan will be 100% of the purchase price not including tax.
Must have a Beacon Score of 600 to qualify for loans.
| Account Type | Rate |
| Share Savings Account | 0.10% over $100.00 |
| Certificate of Deposit | 3%. Minimum amount $5,000.00. 12 month term. |
1. Proof of Identity
2. Proof of income- copies of pay stubs from last month showing total of what you’ve been paid year to date or copy of W2
3. Credit report from Equifax will be run (agent’s name and telephone number)
4. Proof of Insurance (agent’s name and telephone number)
When you contact them, make sure we are the lien holder on the vehicle
5. Dealer sales agreement for new or used car
| Beacon Score | 725+ | 651 – 724 | 600 – 650 |
| 36 Months | 4.25% | 5.25% | 6.25% |
| 48 Months | 4.25% | 5.25% | 6.25% |
| 60 Months | 5.25% | 6.25% | 7.25% |
| 72 Months | 5.50% | 6.50% | 7.50% |
*** NOTE *** Used cars will be given average trade in value in NADA book
| Beacon Score | 725+ | 651 – 724 | 600 – 650 |
| 36-48 Months | 4.75% | 5.75% | 6.75% |
| 60 Months | 5.75% | 6.75% | 7.75% |
| Beacon Score | 725+ | 651 – 724 | 600 – 650 |
| 36-48 Months | 6.00% | 7.00% | 8.00% |
| 60 Months | 6.50% | 7.50% | 8.50% |
| Beacon Score | 725+ | 651 – 724 | 600 – 650 |
| 24 Months | 8.75% | 9.75% | 10.75% |
*** No Share or CD loans for over 60 Months
| Beacon Score | 725+ | 651 – 724 | 600 – 650 |
| All Loans | 3.00% | 3.00% | 3.00% |
*** Maximum Amount $2,500.00
| Beacon Score | 725+ | 651 – 724 | 600 – 650 |
| 24 Months Maximum | 8.00% | 9.00% | 10.00% |
| Maximum Amount | $2,500 | $1,500 | $1,000 |
*** Minimum Amount $5,000.00
| Beacon Score | 725+ | 651 – 724 | 600 – 650 |
| 60 Months | 5.00% | 6.00% | 7.00% |
| 120 Months | 5.25% | 6.25% | 7.75% |
| 180 Months** | 5.50% |
**RESTRICTIONS 750+ CREDIT SCORE 40% DEBT RATIO $85,000.00 MAX AMOUNT
$100.00 Charge for collateralized loans cancelled within 90 days of disbursement
No refinancing of existing HFCU loans to lower rate without an increase in principal.
Special 1/4% discount to repeat loan members with past loans paid as agreed with no charge offs. (Real estate loans do not apply to this discount)
Boat, Jet Ski, RV, Motorcycle, Trailer same as new or used car rates.
Holy Family Parma Federal Credit Union does not except salvage car titles as collateral for car loans.
School Loans are 1.99%, check must be made out to the school, maximum amount is $2500.00 per student and maximum term is one(1) year.
No Signature Loans to Applicants that do not have a Credit Score of 600, or if not, A Co-Signer with a Credit Score of 700+