Loan Rates


APR = Annual Percentage Rate. Rates effective as of 1/1/2024.

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Loan Type Maximum Term Annual Percentage Rate Payment Per $1,000
New Autos (2021 and newer) up to 7 years as low as 6.50% $30.813
Used Autos (2015 - 2020) up to 6 years as low as 6.75% $30.934
Used Autos (2014 and older) up to 4 years as low as 8.25% $31.655
Recreational Vehicles & others up to 180 months as low as 7.25% $20.046
Personal Loan up to 6 years as low as 9.75% $25.257
Personal Line of Credit1 n/a 12.00% $50/month or 2% of balance
Overdraft Line of Protection2 n/a 12.00% $50/month or 2.5% of balance
Share Secured Loan - 100% up to 5 years 3% above Regular Savings $18.018
Mobile Home (Park and Land) up to 20 years as low as 8.25% $9.729
Land Loans up to 12 years as low as 7.25% $19.9510
Home Improvement Loans up to 6 years as low as 8.75% $24.7711

Membership eligibility is required for all loans. A one-time $5 membership fee will apply for new members.
Maximum term is the maximum term available for each loan type. It does not indicate the term eligible for the as low as rate.
All loans are subject to a minimum payment amount of $50. Title and UCC fees will be charged when necessary.

1 Personal line of credit rate is subject to change quarterly and is 3.5% above the Prime Rate as shown in the Wall Street Journal (the 'Index'). Changes in your interest rate will be calculated using the Index figure available 45 days before each Change Date. This figure rounded to the nearest .25% plus the applicable margin will be your new APR* effective on the next Change Date. The prime rate was 8.50% APR* as of October 1, 2023.

2 Overdraft Line of Protection advances have a fee of $2.50 per transfer when automatic transfers occur. No fee is charged when Online/Mobile Banking and/or in-person transfers occur.

3 Term up to 36 months. Estimated monthly payment is $30.81 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

4 Term up to 36 months. Estimated monthly payment is $30.93 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

5 Term up to 36 months. Estimated monthly payment is $31.65 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

6 Term up to 60 months. Estimated monthly payment is $20.04 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

7 Term up to 48 months. Estimated monthly payment is $25.25 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

8 Term up to 60 months. Estimated monthly payment is $18.01 per $1,000 borrowed. Payment per $1,000 based on Regular Savings rate.

9 Term up to 180 months. Estimated monthly payment is $9.72 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

10 Term up to 60 months. Estimated monthly payment is $19.95 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term.

11 Term up to 48 months. Estimated monthly payment is $24.77 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term. Loan proceeds will be paid directly to contractor and /or vendor. Invoices for supplies and work completed must be provided.

Home Equity Line of Credit (HELOC)


Loan Type Maximum Term Annual Percentage Rate Payment Per $1,000
Home Equity Plus - 80% LTV1 n/a 8.50% Interest Only
Home Equity Plus - 90% LTV1 n/a 9.50% Interest Only

Membership eligibility is required for all loans. A one-time $5 membership fee will apply for new members.
Maximum term is the maximum term available for each loan type. It does not indicate the term eligible for the as low as rate.
All loans are subject to a minimum payment amount of $50. Title and UCC fees will be charged when necessary.

1 Loan to value is the percentage of appraised value less first mortgage balance. The maximum APR is 15.0%. The maximum increase or decrease on any Change Date will be 2%. Any increase or decrease not taken because of this 2% cap may be carried over to the next Change Date. Annual Percentage Rate may vary. Balloon payments do not apply to Home Equity Lines of Credit. Property Insurance may be required. Loan to value is the percentage of appraised value less first mortgage balance.

The rate is adjusted quarterly based on Prime as shown in the Wall Street Journal (the "Index"). Changes in your interest rate will be calculated using the Index figure available 45 days before each Change Date. This figure rounded to the nearest .25% plus the applicable margin will be your new APR effective on the next Change Date. Rate for HELOC 80% LTV is calculated as Prime +0%. Rate for HELOC 90% LTV is calculated as Prime +1%. The prime rate was 8.50% APR as of October 1, 2023.

Minimum Payment Requirements: You can obtain credit advances for 3 years. This period is called the "draw period." At our option, we may renew or extend the draw period. After the draw period ends the repayment period will begin. The length of the repayment period will be 20 years. You will be required to make monthly payments during both the draw and repayment periods. During the draw period, your monthly payment will equal the finance charges (interest) that accrued on the outstanding balance during the preceding month. Your payment will include any amounts past due and any amount by which you have exceeded your credit limit, and all other charges. At the beginning of the repayment period, we will recalculate your payment. Your payment will be set to repay the balance at the current annual percentage rate over 20 years. Each time the annual percentage rate changes, we will adjust your payment to repay the balance within the original 12 years. Your payment will include any amounts past due and any amount by which you have exceeded your credit limit and all other charges. During the repayment period, your payment will never be less than the smaller of $50.00 or the full amount that you owe.

A one-time processing fee of $500 will be charged to your line upon origination of your Home Equity Line of Credit. The minimum credit limit is $5,000 and the minimum advance is $500. There are no transaction or activity charges. Should the loan require title insurance, the fee is $1.50 per $1,000.

Fixed Rate Easy Equity Loan


Loan Type Maximum Term Annual Percentage Rate Payment Per $1,000
Up to 80% LTV up to 20 years as low as 6.50% $19.581
80.01 to 90% LTV up to 20 years as low as 7.25% $19.932
90.01 to 100% LTV up to 20 years as low as 7.75% $20.173

Membership eligibility is required for all loans. A one-time $5 membership fee will apply for new members.
Maximum term is the maximum term available for each loan type. It does not indicate the term eligible for the as low as rate.
All loans are subject to a minimum payment amount of $50. Title and UCC fees will be charged when necessary.

Processing and closing costs may vary and include: $500 appraisal fee, title Search fee between $60 and $575 dependent on lien position and loan, $20 flood determination fee, $36 filing fee, and $1.50 per $1,000 title insurance fee. Contact BFCU for specific information about third-party fees. Property insurance is required. Property insurance and taxes are not included in the payment.

1 Term up to 60 months. Estimated monthly payment is $19.58 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term. LTV up to 80%.

2 Term up to 60 months. Estimated monthly payment is $19.93 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term. LTV 80.01% to 90%.

3 Term up to 60 months. Estimated monthly payment is $20.17 per $1,000 borrowed. We use risk-based pricing to determine the interest rate. Actual rate will vary based on borrower's credit-worthiness and the selected term. LTV 90.01 to 100%.
























Financial Planning and Investment Services

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