Loan Information
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All members have the opportunity to apply for loans. To qualify for a loan, a member must have a current account. Each new loan application will require a $20.00 processing fee.
New Vehicle/Recreation Vehicle Loans (including motorcycles)
- Details & Rates:
- As low as 2.99% APR for up to 36 months
- As low as 3.24% APR for up to 48 months
- As low as 3.49% APR for up to 60 months
- As low as 3.99% APR for up to 66 months
- As low as 4.24% APR for up to 72 months
*rates are set according to credit rating
Used Vehicles/Recreational
- Details & Rates:
- 1 Year Old As low as 3.24% APR for 60 months
- 2 Year Old As low as 3.99% APR for 60 months
- 3 Year Old As low as 4.24% APR for 48 months
- 4+ Year Old As low as 4.99% APR for 36 months
*Dealership rate matching on new and/or used vehicles per board approval.
Share Pledge Loans
- 3% APR – Terms vary. Each loan handled individually. No reduction for scoring
Personal/Unsecured Loans
- Details & Rates:
- May borrow up to 15% of annual salary.
- 6.99 – 17.99% APR for up to 36 months (Rate, amount and length of payout set according to credit rating).
- May be renewed every 6 months if there have been no delinquencies on BFCU loans
Education Loans
- Details & Rates:
- As low as 3.5% APR, with a potential to borrow up to $9000 per year for a maximum of 5 years and a total amount available per student of $45,000.
*rates, amount available and length allowed is contingent on credit scoring and board approval.
Consolidated Education Loans
- Details & Rates:
- As low as 3.5% APR, with a $25,000 loan limit and a maximum payout of 5 years.
- Checks for Consolidated Education Loans must be made directly to the educational institution.
*Consolidated Education Loans are subject to board approval and will only be considered for top two credit scoring tiers.
Extend-A-Loan
- Skip loan payment if you have a credit scoring of 640 or higher and have paid at least 6 consecutive monthly payments on the loan.
- $25 Fee to utilize E-A-L opportunity
- Loan can only be extended twice during the life of the loan
STS (Short-Term-Small Amount) Loans
- Details & Rates:
- $200 – $1000 Loan Amounts Available, with maximum payout of 6 months
- NO CREDIT CHECK
- $20 Application Processing Fee
- 25% APR, if payroll deducted (28% APR, if not)
Special Loan Promotions
- Details & Rates:
- Made available for limited time periods as approved by Board of Directors.
- Contact office at 254-215-2025 or email bfcu@bisd.net for details or notice of any loan promotional.