Use funds from your BFCU savings accounts or certificates† or special collateral to secure a loan.
Utilize the funds you have in your BFCU Savings accounts† as security for a loan and pay a lower interest rate than you would with a standard personal loan.
Loans secured by BFCU Certificates† carry a lower interest rate than do standard personal loans.
|Secured Loans||APR*||Max Term|
|Share Secured||Share Rate + 3.00%||72 months|
|Certificate Secured||Certificate Rate + 3.00%||72 months|
Special Secured Loan
Blue Flame Credit Union offers a special secured loan, with terms up to 120 months, for loans with special types of collateral.
|Special Secured Loans||APR*||MAX TERM|
|Up to 60 months||8.99%||60 months|
|61-84 months**||9.49%||84 months|
|85-120 months***||9.99%||120 months|
Secured Mastercard Credit Card
If you have not established credit or need to rebuild your credit, a Secured Mastercard Credit Card is a good way to begin establishing good credit. Use funds from from your BFCU Savings account† as security for your credit card. After a period of having a secured credit card account in good standing, you may request to transition into an unsecured card with an increased credit limit.
|APR* on Purchases||9.90%|
|APR* on Cash Advance||9.90%|
|Late Payment Fee||$15|
|Credit Card Replacement Fee||$10|
|Credit Card Rush Delivery||Cost to CU|
|Over the Credit Limit Fee||$10|
|Delinquent Account APR*||16.00%|
|Grace Period||25 Days|
Looking for other options?
If you don't have funds available or prefer not to tie up your funds as security, Signature Loans & Lines of Credit are also available.