Rates

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.

Savings Rates

Account TypeRate
Share Savings Account0.10% over $100.00
Certificate of Deposit 3%. Minimum amount $5,000.00.
12 month term.

New Cars & Used Cars (2023 – 2022, 2021)

Beacon Score725+651 – 724600 – 650
36 Months4.25%5.25%6.25%
48 Months4.25%5.25%6.25%
60 Months5.25%6.25%7.25%
72 Months5.50%6.50%7.50%

*** NOTE *** Used cars will be given average trade in value in NADA book

Used Cars (Model Years 2020-2018)

Beacon Score725+651 – 724600 – 650
36-48 Months4.75%5.75%6.75%
60 Months5.75%6.75%7.75%

Used Cars (Model Years 2017-2015)

Beacon Score725+651 – 724600 – 650
36-48 Months6.00%7.00%8.00%
60 Months6.50%7.50%8.50%

Used Cars (Model Years 2014 & Older)

Beacon Score725+651 – 724600 – 650
24 Months8.75%9.75%10.75%

Share Loans / CD Loans

*** No Share or CD loans for over 60 Months

Beacon Score725+651 – 724600 – 650
All Loans3.00%3.00%3.00%

Signature Loans

*** Maximum Amount $2,500.00

Beacon Score725+651 – 724600 – 650
24 Months Maximum8.00%9.00%10.00%
Maximum Amount$2,500$1,500$1,000

Home Equity Loans – Fixed Rate

*** Minimum Amount $5,000.00

Beacon Score725+651 – 724600 – 650
60 Months5.00%6.00%7.00%
120 Months5.25%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+