** We are currently experiencing a surge in loan applications. During this time, you may experience a delay in responses and loan process times may be longer than usual. **
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% | 60 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 72 months | 3.99% | 72 months |
| 73-84 months** | 4.99% | 84 months |
| 85-120 months*** | 5.99% | 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.
| Mastercard | Detail |
|---|---|
| APR* on Purchases | 9.90% |
| APR* on Cash Advance | 9.90% |
| Annual Fee | None |
| 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* | 15.99% |
| 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.
