The PATA Federal Credit Union is a member owned, Community Involved, financial cooperative federally chartered in 1986 to serve the financial needs of the members of the Greater Pittsburgh Automobile Dealers Association. All Association members' employees and their immediate families are eligible for membership. We are governed by a Board of Directors elected by the membership to serve on their behalf. The Board meets monthly to review income, expenses, loans, investment policies and to keep rates current and competitive. Credit Unions were originally formed to permit those in a specified field of membership to pool their savings, lend them to one another, and own the organization where they can save, borrow, and obtain financial services. At the PATA FCU we continue to maintain growth, with assets at almost $3 Million and more than 1400 members.LOCATION:
207 Sigma Drive
Pittsburgh, PA 15238
412.963.8081
Phone: (412) 963-8081 Fax: (412) 963-6838
OFFICE HOURS:
7:30 - 3:30 Monday thru Friday -- Closed on Major Holidays
GENERAL INFORMATION
Membership Fee: $2.00 Lifetime membership fee (as a member in good standing, family members are also eligible to join)
Deposits: Your saving are federally insured to at least $250,000.00 and backed by the full faith and credit of the United States Government. NCUA National Credit Union Administration, a U.S. Government Agency
Payroll Deductions: Direct deposit is available from as little as $2.00.
Withdrawls: Two (2) per month free; $10 charge for each additional withdrawal.
Savings (Share) Accounts: Regular shares, Christmas Club, Vacation Club, and Share Certificate accounts are available; Regular savings account must maintain a minimum balance of $25 with balances under $100 subject to a monthly $1.00 low balance fee. Dividends are paid quarterly and added to your savings account. Withdrawals can be made by calling ahead to (412) 963-8081 or simply stopping in our office at 207 Sigma Drive. Share certificate accounts can be purchased for as little as $500. Terms are from 6-12 months & a deposit of $2,500 for 24 and 36 months. Rates are subject to change monthly. Dividends on fixed rate certificates are compounded quarterly.
Loans: Any member who wishes to borrow from the credit union must have a $100 minimum balance in their shares (savings) account. They must have 90 days with their current employer and 6 months continuous employment. Loan applications may be sent through the mail or completed at the credit union office. Loan applicants are reviewed based on credit history, employment history, debt to income ratio, etc. Types of loans available include auto and other type vehicles, home improvement, mobile homes and signature loans as low as $250 or as high as $5,000.
Checking: Free checking with an optional VISA debit card is offered to members in good standing.
Credit Card: A VISA credit card is available with a 7.99% - 17.99% APR variable rate.
Other available services include access to consumer information such as NADA book values for new and used vehicles, credit references (given only at the request of member), I.D. cards, quarterly statements, and the reconciliation of statements (for a nominal fee)
Loan Rates
| Description | Maximum Term | Daily Periodic Rate | Annual Percenta Rate | |
| Personal Loan | 12 Months | .01821917808 | As low as 6.65%* | |
| 24 Months | .01890410958 | As low as 6.90%* | ||
| 36 Months | .01958904109 | As low as 7.15%* | ||
| 48 Months | .0202739726 | As low as 7.40%* | ||
| 100% Share Secured | 72 Months | 3% Above highest dividend earned (prev. qtr. 6% minimum) | ||
| Certificate Secured | varies | varies | varies | |
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New Vehicles+
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| Term | Daily Periodic Rate | Annual Percentage Rate | ||
|
36 Months |
0.00520547945 |
As low as 1.9%* |
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|
42 Months |
0.00589041095 |
As low as 2.15%* |
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48 Months
|
0.00657534246 |
As low as 2.40%* |
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|
60 Months |
0.00726027397 |
As low as 2.65%* |
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|
72 Months |
0.00794520547 |
As low as 2.90%* |
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| +New vehicles will be financed up to 100% of the sticker price / current and previous year untitled / not to exceed $45,000.00 / length of loan depends on $ amount financed. | ||||
| Used Vehicles++ | ||||
|
36 Months (Max term for 2005) |
0.00863013698 | As low as 3.15%* | ||
| 42 Months (Max term for 2007/2006) | 0.00931506849 |
As low as 3.40%* |
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| 48 Months (Max term for 2009/2008) | 0.01 | As low as 3.65%* | ||
| 60 Months (Max term for all other years) | 0.0106849315 | As low as 3.90%* | ||
| ++Used vehicle maximum loan amount based on 100% of current NADA retail, including taxes. etc. / will finance up to 7 years old / not to exceed $35,000.00 / length of loan depends on year of vehicle and $ amount financed. | ||||
| 72 Months Maximum | 0.0202739726 | As low as 7.40%* | ||
| Pleasure Vehicle (boat, RV, custom van, classic vehicle, etc.): 100% of sticker price for new purchase or 100% of retail value for used purchase / length of loan depends on year of vehicle and $ amount financed / not to exceed $45,000.00. | ||||
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Description
|
Maximum Term | Daily Periodic Rate | Annual Percentage Rate |
| VISA Credit Card | (No annual fee, $7,500 max.) | 7.99% - 17.99% | |
| Description | Maximum Term | Daily Periodic Rate | Annual Percentage Rate |
Share Rates
| Dividend | APY* | Specials | |
| Primary Share Account | .01% | .01% | none |
| Super Savers Account | .03% | .03% | none |
| Vacation Club Account | .01% | .01% | none |
| Christmas Club Account | .01% | .01% | none |
| Youth Account | .01% | .01% | none |
There are no dividends paid on account balances below $100.00. All dividends paid are based on earnings and cannot be guaranteed beyond current period. APY* is accurate as of 3/31/2013.
| Term | Minimum Deposit | APR** | APY* |
| 6 months | $500.00 | .05% | .05% |
| 12 months | $500.00 | .10% | .10% |
| 24 months | $2,500.00 | .15% | .15% |
| 36 months | $2,500.00 | .20% | .20% |
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Compare~~Switch~~Earn More!!
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Penalty for early withdrawl may be imposed. Early withdrawl may reduce earnings. APY* is accurate as of 5/18/2012
*APY Annual Percentage Yield
** APR Annual Percentage Rate