Personal Loans & Lines of Credit

There are a lot of good reasons you might need a little financial assistance now and then. That long-delayed visit to the top of the Eiffel Tower, a new mattress for the guest room forAunt Sue (wouldn't you love her to stop complaining?)…or, yes, maybe even to consolidate debt. Parsons Federal Credit Union offers a range of options, with something sure to "fill the bill"!

Read these important instructions before applying.

Signature Loans

An awesome alternative to high-rate credit cards is a PFCU Signature Loan. These loans do not require any collateral, and are a perfect choice for any purpose—from a family reunion to braces for Junior to paying off higher rate loans. Featured are:

  • Closed-end loan with a specific term
  • Terms up to 48 months
  • Borrow from $500 to $15,000
  • No prepayment penalties

For complete costs, terms and details, feel free to contact a PFCU Loan Officer at (800) 765-4527 ext. 385. Or just click the button below to apply!

Click here for Current Loan Rates or a handy Loan Payment Calculator

Apply Now

If you're a Parsons employee, you can even set up convenient payroll deductions to make your Signature Loan payments!

Personal Lines of Credit

Like to eliminate high rate credit card debt, make oh-so-needed repairs to your car or home, or even cover a shortfall in your PFCU checking account? A PFCU Personal Line of Credit can be used any way you wish, with:

  • Credit lines from $500 to $7,500
  • Borrow up to your approved limit whenever the need arises
  • As you pay down your loan, you may take new advances—up to your limit
  • No monthly, annual or account "maintenance" fees!
  • No interest is accrued until an advance is actually made

For complete terms and details, contact a PFCU Loan Officer at (800) 765-4527. Or just click the button below to apply!

Check out rates or handy  loan payment calculator

Apply Now

Want to get a credit-limit increase for your existing PFCU Personal Line of Credit?
Click here .

Parsons Federal Credit Union is an Equal Opportunity Lender

All loan requests are subject to applicable terms and conditions

Share Secured Loans

A Parsons Federal Credit Union Share Secured Loan lets you borrow at a low rate by using the balance in your PFCU savings account as collateral.  And you continue to earn dividends on the funds in your account! Check out the features:

  • Loan interest rate is 3% above the rate paid on shares used as collateral
  • The loan interest you pay is partially offset by the dividends your shares continue to earn
  • Regular Share or Fixed Rate Certificate Account deposits may be used to secure this loan
  • Maximum loan term is 60 months
  • At the end of the loan term... you'll still have your savings & dividends!
  • ESOP, 401K and IRA funds are not eligible to be used as collateral

For complete terms and details, please contact a PFCU Loan Officer at (800) 765-4527. Or just click the button below to apply!

Click here for a handy loan payment calculator

Apply Now

Parsons Federal Credit Union is an Equal Opportunity Lender

All loan requests are subject to applicable terms and conditions

Immediate Needs Loans

We  get it…sometimes you need it NOW. At Parsons Federal Credit Union, our Immediate Needs Loans can meet your requirements for emergency cash — plus we'll help you learn how to save and manage your money!

  • Borrow up to $750, for up to 6 months
  • Reasonable Rate ( click here to see!)
  • Applicants must have established Direct Deposit to their PFCU account of at least $500 per month
  • No credit history is required

Note: Members may not receive more than two Immediate Need Loans per calendar year.

When you apply for an Immediate Need Loan, you'll be required to complete one of the Financial Education program modules through BALANCE with a passing score of at least 80% before  your loan application will be processed here.

Through  BALANCE'S Personal Financial Education  program, our members learn to develop workable savings and spending plans, get out of debt and plan for their financial future.

Parsons Federal Credit Union is an Equal Opportunity Lender

All loan requests are subject to applicable terms and conditions

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IRA RATES ARE UP!

Need an IRA? Take a look at our great rates, as we have just raised them to help our savvy investors!

Click on "Rates" above in the blue bar, then "Deposits" for the rates on all of our savings products.

 Open New Accounts

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