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VISA Change in Terms

Effective October 1, 2023, our VISA credit card program will be switching to a fixed rate card. This is a result of the multiple prime rate changes by the Fed that have occurred in the last 15 months.

Our current VISA card is a variable rate card. This is based upon the prime rate. Since March of 2022 the prime rate has increased 11 times. In keeping with the Fed changes all PFCU Visa cards would see a rate increase of 5.25%. That is a dramatic increase. A card currently at 7.99% would go to 13.24% and a card at 14.90% to 20.15% etc.

To help minimize this impact to our members we have decided to switch to a fixed rate card plan. The new change in terms will allow us to keep the rate change minimal, at less than half the increase of the variable rate card. Please note that this will not affect purchases made before October 1, 2023 as they will remain at the current rate. It will however affect any new purchases made after this date.

The new rates will be as follows: 10.49%, 12.49%, 13.40% and 17.40%.

If you should choose to opt out of this change in terms simply stop using or cancel your card. You will still be responsible for any balance incurred. Use of the card after this date constitutes as agreement to the change in terms.

Also please note that the New Late Fee Amount of $25.00 will also be effective October 1, 2023.

See your VISA statement to see how the changes will affect you.

Introducing better banking to friends and family is a picnic!

Share the Good Times! Photo of family smiling outside

Bring them along for a full basket of banking options, from low-rate loans to convenient online banking to a variety of checking and savings accounts suited perfectly to their needs.

Referring is a walk in the park – just request a referral form at a branch or online at www.parthenonfcu.org, fill it out and send it on its way!

The Key to a Great Mortgage is With Parthenon Federal Credit Union

Photo of house with sold sign and someone handing a key to the new owner

Unlock the advantages of a Parthenon Federal Credit Union mortgage. When it comes to an important investment like a home, who would you rather trust with your mortgage needs besides YOUR very own credit union? With Parthenon Federal Credit Union on your side, you’ll get the perfect loan term, the best possible rate and the friendly service that always makes you feel right at home.

You don't have to run all over town to find a great mortgage program. Parthenon Federal Credit Union has the latest innovative plans, as well as solid, reliable fixed-rate mortgages. Your choices include 15 and 30 year fixed mortgages, home improvement loans, and home equity lines of credit.

You will enjoy exclusive member benefits including:

Competitive low rates
Generous credit limits
NO Pre-payment Penalties
Friendly, local, professional service

It all begins with pre-approval. We'll help you get the details out of the way, so you can shop for a home knowing exactly what you can afford. Call us at 615-749-6461 to get it all started.

Parthenon FCU Member Liability

YOU MUST CHECK YOUR ACCOUNT BALANCE EVERY MONTH.

You are responsible for all transactions you authorize using your EFT services under this agreement. If you permit someone else to use an EFT service your card or your access code, you are responsible for any transaction they authorize.

Tell us at once if you believe your card or access code has been lost or stolen. If you believe that an electronic fund transfer has been made without your permission using information from your check. If a transaction was made with your card or card number without your permission and was a Visa transaction, you will have no liability for the transaction, unless you were grossly negligent in the handling of your card or access code. If a transaction was made without your permission and was not a Visa transaction or if you are grossly negligent in the handling of your card or access code, your liability for an authorized transaction is determined as follows.

If you tell us with (2) business days, you can lose no more than $50.00 if someone used your card or access code without your permission. If you DO NOT tell us within two (2) business days after you learn of the loss or theft of your card or access code and we can prove we could have stopped someone, you could lose as much as $500.00.

Also, if your statement shows transfers that you did not make including those made by card, access code, or other means, TELL US AT ONCE. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money lost after the 60 days if we can prove that we could have stopped someone from making the transfers if you had told us in time.

Membership is Everything

Contrary to what some people think, credit unions aren’t just for checking and savings anymore. You can rely on Parthenon Federal Credit Union for a full line of financial products, without sacrificing our friendly service – something banks just can’t seem to match. Parthenon Federal Credit Union is a ”not for profit“ financial institution where you’re an ”owner.“ Profits are given back to members in the form of lower loan rates and higher dividends. You can enjoy many products and services at Parthenon Federal Credit Union including:

Money saving accounts such as no-fee or low-fee Share Draft accounts, Christmas and Vacation Clubs, Kids Klub, and Lullaby Club

Visa credit cards with low interest rates
Loans for any occasion (new or used autos, home improvement, mortgages, home equity lines of credit, and many more)
24 hour banking through HomeCU.

You can also share membership with family members and co-workers. If you know of someone not enjoying the benefits we have to offer, share this information with them and get them started as well. Call 615-749-6461 for more information.

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