Interest and Dividend Rates

Bradford Area School Employees Federal Credit Union is a member-owned,
not-for-profit financial cooperative in Bradford, Pennsylvania.

Credit Score Key:  A+=800 and up    A=700-799    B=600-699    C=500-599    D= Below 500
A+ will reduce A rate by .5 percent, but not to go below 1.5%

Call 814-368-5595,  visit us at 125 Main Street, Suite 206 for a loan application, or download a loan application here on the Website. Choose “Forms to Print” in the top menu bar.

New Rates January, 2024

Personal Loan (0 – 60 months)
A+ & A (above 700) up to $10,000
B (600-699) up to $8,000
C & D (599- Below) up to $5,000
A =   9.5%
B = 10.5%
C = 13.5%
D = 16.5%

Brand New Vehicle (0 – 60 months) – (Never Been Titled)  Calculate additional .50% to any vehicle that has more than 100,000 miles
A=  4.0%
B=  6.0%
C=  8.5%
D= 11.5%
*Add .75% to all categories (A-D) to increase term to 72 Months
*Calculate additional .50% to any vehicle that has more than 100,000 miles

New Vehicle (0 – 60 months) – (2016 and newer)
A=    5.0%
B=    7.75%
C=   11.75%
D=  14.75%
*Add 1.0 % to all categories (A-D) to increase term to 72 months
*Add 1.5% to all categories (A-D) to increaseterm to 84 months

Used Vehicle (0 – 48 months) – (Not older than 2012)
A=  6.25%
B=  8.25%
C=  12.5%
D=  15.5%
*Add 1.5 % to all categories to increase term to 49-72 months. Calculate additional .50% to any vehicle that has more than 100,000 miles

Older Used Vehicle (0 – 48 months) – (2011-2008* Auto)
A= 8.5%
B= 10.5%
C= 14%
D= 17%
*Annually adjusted to allow financing to be nothing older than 15 Years from the current ‘Car Year’, *Calculate additional .50% to any vehicle that has more than 100,000 miles

B.E.S.T (Boat, Equipment, Small Tractor & Plows)
A 6% with $35k limit
B 8% with $35k limit
C&D 12% with $25k limit
All B.E.S.T loans up to 60 months in financing, Calculate additional .50% to any vehicle that has more than 100,000 miles

Home Repair Loans: (Limit $10,000)
Loans will be paid to vendors or providers of the
home repair supplies or contractor. Borrower
must provide proof of home ownership.
Home Repair (0 – 24 months)
A=  6.5%
B=  8.5%
C= 11.5%
D= 14.0%
Home Repair (25 – 60 months)
A=  8.99%
B=  9.99%
C= 12.99%
D= 15.99%

 

Our Dividend Rates

Dividend rate as of January 1, 2019, the last dividend declaration date, was determined based on the following scale:

$5.00 – $2,500.00 (in shares)           .10%    Annual Percentage Yield .1000%

$2,501.00 – $6,500.00 (in shares)    .15%    Annual Percentage Yield .1501%

$6,501.00 – $20,000.00 (in shares)   .25%     Annual Percentage Yield .2503%

$20,000.01 – $99,999.99 (in shares) .30%     Annual Percentage Yield .3004%

 

 

 

*Annually adjusted to allow financing to be nothing older than 10 Years from the current ‘Car Year’

Share Secured Loan:

2.00% over current savings dividend rate. The share amount of the outstanding amount on the loan may not be withdrawn until the loan is paid.

Key to Credit Scores
A+= 800 and up
A = 700 – 799
B = 600 – 699
C = 500 – 599
D = Below 500
A+ will reduce A rate by .5 percent, but not to go below 1.5%

If you are a member, you are an owner. That is the credit union difference.