Parda Credit Union

Parda Credit Union is a credit union in Loves Park, IL, serving individuals and families with personalized financial services rooted in community trust. Founded in 1937, the credit union has long prioritized member needs through competitive rates, accessible banking tools, and a commitment to financial empowerment. It offers a range of services including checking and savings accounts, auto loans with rates as low as 4.49% APR, fixed-rate home equity loans, and mortgage options with as little as 5% down and no PMI. Members also benefit from 24/7 online and mobile banking access, direct deposit setup, and secure fraud protection services. The credit union emphasizes member education and financial wellness, providing resources to help individuals plan for retirement, college funding, and long-term investment goals through partnerships with financial advisors.

Parda Credit Union traces its origins to the employees of the Parke-Davis pharmaceutical company in Detroit, who formed the foundation of the credit union’s mission to serve people with a shared bond. Since its inception, the organization has upheld the core principle of “people helping people,” evolving its services to meet modern financial needs while maintaining a personal touch. It offers no-cost financial consultations through its referral program with LPL Registered Financial Planners, supports estate planning, and promotes financial literacy through educational content and community engagement. The credit union is governed by a Board of Directors and a Supervisory Committee dedicated to financial safety and member asset protection.

The credit union is located on Forest Hills Road in Loves Park, IL, a central location within the city’s residential and commercial corridor. It is situated near key community infrastructure, including the Rockford Public Library and the Rockford Regional Health System, making it easily accessible to residents across the region. With a strong reputation for reliability and member-focused service, Parda Credit Union continues to be a trusted financial partner for generations of local families. Its enduring presence and dedication to financial peace of mind reflect its deep roots in the Loves Park community.