Curious if anyone has experience with Parsons Federal Credit Union? Buying a Tesla and they have insane rates (2.79%). We applied last week and supposedly locked the 2.79%, (which is good because today they are 3.79%) but everything is manually processed and they said 72 hours to process. Trying to see if anyone has been through an application with them and how true they are to the timing. I have a backup of 3.9% locked in with Orange County's Credit Union but hoping for the better rate, just not sure I will have it in time for the car delivery this week.
Never used them but their rates look good! I'm probably going to get an approval from them once I close on my house at the eom for a Dodge Durango Hellcat Good luck on your transaction.
So for some reason Parsons lost our application. When I called Monday they had it and said we were locked into rates from the date we applied and the lady confirmed the app and that we were locked in at 2.79% with relationship bankking or 3.29% without. Now they can no longer find the application and their rates went up over the weekend a full point. I was able to get Orange County's Credit Union to rate match the 3.29% and we went with them.
Maybe it's a one off experience.