Equifax Security Breach: On September 7th, Equifax Inc., one of the three largest U.S. credit reporting agencies, announced a data breach possibly impacting approximately 143 million U.S. consumers. BFSFCU has NOT experienced any security or data breach related to this incident. Learn More

Personal Loans

With our competitive rates, flexible terms, and convenient ways to apply, we can help in almost every situation.

Personal Loan Options

Personal Loans: Available for any purpose. No collateral is required; qualifying applicants can borrow on the strength of their signature alone.

Line of Credit: The Line of Credit is an open-ended loan associated with the checking account and used primarily for overdraft protection, although it may be used for the same purpose as our signature loan.

Share Secured & Share Certificate Secured: You may borrow from the Credit Union at preferred rates by using your Share Account or Share Certificate Account (excluding Individual Retirement Accounts) as collateral.

Give your Student a Boost!

Education expenses can be more than just tuition. For a limited time, get the budget flexibility you need for yourself, or your student, with our Back-to-School Personal Loan with a low rate of 7.99% APR.

Apply Now

Personal Loans

  •  09-21-2017
Account Description Approximate Term Annual Percentage Rate (APR) Introductory Annual Percentage Rate Payment Example ($3,000 loan amount) Alert Me
Personal, Fixed 36 Months 7.990% 36 payments of $94
Personal, Fixed 48 Months 9.990% 48 payments of $76
Personal, Fixed 60 Months 9.990% 60 payments of $64
Personal, Fixed 72 Months 10.490% 72 payments of $56
Personal, Variable 96 Months 7.250% 7.250%1 96 payments of $41
Education, Fixed 36 Months 6.990% 36 payments of $93
Education, Fixed 48 Months 7.990% 48 payments of $73
Education, Fixed 60 Months 8.990% 60 payments of $62
Education, Fixed 72 Months 9.990% 72 payments of $56
Education, Variable 120 Months 6.250% 6.250%1 120 payments of $34
Line of Credit/Reserve, Variable2 10.250% 10.250%1
Share-Secured, Variable3 96 Months 2.070% 2.070%1 96 payments of $34
Pension Loan, Fixed4 72 Months 5.450% 72 payments of $49
Pension Loan, Fixed4 120 Months 6.200% 120 payments of $34
Pension Loan, Variable4 120 Months 4.750%5 120 payments of $31
Loan programs and interest rates on this page are subject to change and/or cancellation without notice. This is not a guaranteed offer of credit; underwriting guidelines apply.
  • 1Personal and Education variable rate loans are offered with the above shown six-month introductory rate; during the Introductory Rate Period your rate will not change. Following the expiration of the Introductory Rate Period, this plan will have a Variable Rate feature. The ANNUAL PERCENTAGE RATE (APR) for variable rate changes may increase in accordance with the Wall Street Journal Prime Rate (“Index”) plus a Margin. APR changes will occur every six (6) months on the anniversary of the account open date, which is referred to as the Change Date. For Line of Credit / Reserve accounts, the rate on new advances and existing balances is subject to change every six (6) months on the anniversary of the account open date or Change Date. If there is an existing balance on the date of a new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR. An increase in the rate may result in more payments.
  • 2For overdraft checking transactions the Line of Credit/Reserve is advanced in $5.00 increments, your minimum payment will be the greater amount, $15.00 or 2.000% of the outstanding balance.
  • 3The ANNUAL PERCENTAGE RATE (APR) for Share-Secured Variable Loans will be the dividend rate being paid on the BFSFCU Savings Account in accordance with the Index plus a Margin (currently 2.00%). The rate is subject to change every six (6) months thereafter on the anniversary of the account open date; the Change Date. An increase in the rate will result in more payments of the same amount. Share Certificate-Secured Loans are also available. The ANNUAL PERCENTAGE RATE (APR) for Share Certificate-Secured Variable Loans will be the dividend rate being paid on the Share Certificate Account designated in accordance with the Index plus a Margin (currently 2.00%).
  • 4New money only. Maximum loan amount is $75,000 per year with a total aggregate amount of $150,000. All loan approvals are subject to normal underwriting procedures. Applicant must provide a copy of their pension statement from their Human Resources department regarding eligible contribution amounts with application. Loan proceeds will be funded directly to the pension account. Other terms and conditions may apply.
  • 5The APR for variable rate changes may increase in accordance with the Wall Street Journal Prime Rate (“Index”) plus a Margin. APR changes will occur every six (6) months on the anniversary of the account open date, which is referred to as the Change Date.

Pension Loan

Looking to catch up on your Pension Plan contributions?

Let your Credit Union help. At BFSFCU, we have several loan options to help you meet your financial goals for retirement. BFSFCU now offers a Pension Loan product for eligible members with three rate/term options as follows:

Pension Loan Options

  •  
Option 1 Option 2 Option 2 Alert Me
Rate Type Fixed Fixed Variable
Term 10 years 6 years 10 years
APR1 6.20% 5.45% 4.75%
Sample Payment $56/month $82/month $52/month
  • 1APR=Annual Percentage Rate. Rates as of 1/1/2015 and are subject to change. New money only. Maximum loan amount is $75,000 per year with an total aggregate amount of $150,000. All loan approvals are subject to normal underwriting procedures. Applicant must provide a copy of their pension statement from their Human Resources department regarding eligible contribution amounts with application. Loan proceeds will be funded directly to the pension account. The APR for variable rate changes may increase in accordance with the Wall Street Journal Prime Rate (“Index”, currently 3.25%) plus a Margin. APR changes will occur every six (6) months on the anniversary of the Date of the Advance of Funds, which is referred to as the Change Date. Loan repayment example is based on loan amount of $5,000. Other terms and conditions may apply.

Are there other borrowing options?

Do you have a savings account or share certificate account at the Credit Union? Rather than breaking your certificate and paying a penalty, simply borrow against those funds already on deposit with our Share-Secured or Share Certificate-Secured Loan2. We have many different loan options—any one might be applicable to your unique situation. 

Contact us at 202 212 6450 to speak with a loan representative to get started.

Apply Now

Further Resources

2 The APR for Share-Secured Variable Loans will be the dividend rate being paid on the BFSFCU Savings Account in accordance with the Index plus a Margin (currently 2.00%). The rate is subject to change every six (6) months thereafter on the anniversary of the open date; the Change Date.