Lending Products
We offer a variety of loan products which are designed to meet the needs of our diverse membership. Most of our credit products employ the use of credit scoring and risked based lending which enables us to provide credit to a greater number of members. The credit union exercises due diligence in attempting to comply with the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), and The Fair Credit Reporting Act (FCRA), as well as other applicable laws or regulations.
BCFCU is committed to providing competitively priced member friendly consumer loan products.
Secured Loans
BCFCU offers several types of share (savings) secured loans. Our fixed rate installment loans may be secured by regular shares or share certificates for the full value of the account balance less the membership deposit. Also offered are, lines of credit that can be secured by either regular shares or share certificates. Variable interest rates are assigned to these lines of credit and payments are based on a percentage of the credit line’s outstanding balance.
Unsecured Loans
We currently offer personal installment loans with terms of up to 48 months and loan amounts of up to $10,000.00 (with approved credit).
Personal Loans
Our personal line of credit also offers credit limits of up to $6,000 on a revolving basis with variable interest rates.
Auto and Recreational Vehicles
BCFCU offers competitive financing on new and used automobiles, boats & accessories, motorcycles, campers & travel trailers and motor homes. We currently offer terms of up to 72 months and financing of up to 125% of NADA loan value.
