Loan Information
Click Here To Download Our Loan Application
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 $25.00 processing fee.
New Vehicle/2023 and newer
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- Details & Rates:
- As low as 5.10% APR for up to 48 months
- As low as 5.20% APR for up to 60 months
- As low as 5.85% APR for up to 72 months
- As low as 7.00% APR for up to 84 months
- Details & Rates:
*rates are set according to credit rating
Used Vehicles/Please contact BFCU for Recreational
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- Details & Rates:
- As low as 5.50% APR for 36 months
- As low as 5.75% APR for 48 months
- As low as 5.90% APR for 60 months
- As low as 6.40% APR for 72 months
- Details & Rates:
*Dealership rate matching on new and/or used vehicles per board approval.
Share Pledge Loans
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- 3.25% APR – Terms vary. Each loan handled individually. No reduction for scoring
Personal/Unsecured Loans
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- Details & Rates:
- May borrow up to 15% of annual salary.
- 8.00 – 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
- Details & Rates:
Education Loans
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- Details & Rates:
- As low as 6.5% 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.
- Details & Rates:
*rates, amount available and length allowed is contingent on credit scoring and board approval.
Consolidated Education Loans
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- 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.
- Details & Rates:
*Consolidated Education Loans are subject to board approval and will only be considered for top two credit scoring tiers.
Extend-A-Loan
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- 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.
- $30 Fee to utilize E-A-L opportunity
STS (Short-Term-Small Amount) Loans
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- Details & Rates:
- $200 – $1000 Loan Amounts Available, with maximum payout of 6 months
- NO CREDIT CHECK
- $25 Application Processing Fee
- 25% APR, if payroll deducted (28% APR, if not)
- Details & Rates:
Special Loan Promotions
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- 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.
- Details & Rates: