Holiday Closing — BFSFCU will be closed on Thursday, November 23, 2017, and Friday, November 24, 2017 in observance of the Thanksgiving holiday.

Personal Loans

In October 2017, our credit union will mark it’s 70th anniversary. As our gift to you, enjoy 0.25% off personal loans for a limited time only.*

70th Anniversary Logo

Our personal loans offer an excellent opportunity to finance big expenses at our lowest interest rates, and this offer drops those rates even further.

 

Use a personal loan to fund your unique needs, including:

  • Overseas travel
  • Additional school expenses
  • Cash savings for the unexpected

We offer a variety of term lengths and interest rates, and you can pay the loan off before the end of your term with no penalty. Personal loans offer the stability of a fixed rate and fixed monthly payment. Take an additional 0.25% off all our current personal loan rates during this anniversary celebration, and give your budget maximum flexibility!

But hurry, offer ends November 30, 2017!

Apply Now

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.

Table data for Personal Loans
 11-23-2017
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.

* Take 0.25% off all current personal loan rates through November 30, 2017 excluding: education, share-secured, and pension loans, also excludes Overdraft Lines of Credit. New money only. Discount does not apply to existing personal loans or refinances. Rate and offer effective October 3, 2017. All loan approvals are subject to normal underwriting procedures; this is not a guaranteed offer of credit. Other terms and conditions may apply. Personal loan must be funded by November 30, 2017 to be eligible for discount.

** 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.