Secured Personal Loans

If you prefer to utilize your own funds as security for a loan, BFCU has several low rate secured loans available. No credit review is required. Secured loans are an excellent way to establish first time credit or begin rebuilding credit.

Utilize your own funds as security for your loan.

Use funds from your BFCU savings accounts or certificates† or special collateral to secure a loan.

†IRA Shares/Certificates and Money Market Shares may not be used as security for a loan.

Share Secured 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.

†IRA and Money Market Shares may not be used as security for a loan.

Certificate Secured Loan

Loans secured by BFCU Certificates† carry a lower interest rate than do standard personal loans.

†IRA Certificates may not be used as security for a loan.

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.

*APR = Annual Percentage Rate. Rates listed are as low as and based on repayment method.
**Amount financed must exceed $25,000.
***Amount financed must exceed $45,000.

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.

†IRA and Money Market Shares may not be used as security for a loan.

Finance Charges will apply to unpaid balances and are computed based on Average Daily Balance.
*APR = Annual Percentage Rate.

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.