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.

Our 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%

Loan Rates

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 =   9.0%

B = 10.0%

C = 11.0%

D = 12.0%

 

Brand New Vehicle (0 – 60 months)  (Never Been Titled)

A= 2.5%

B= 4.5%

C= 6.5%

D= 8.5%

 

*Add .25% to all categories (A-D) to increase tern to 72 Months

 

New Vehicle (0 – 60 months)

(2016 and newer)

A= 2.75%

B= 4.75%

C= 6.75%

D= 8.75%

 

*Add .50% to all categories (A-D) to increase term to 72 months

*Add .75% to all categories (A-D) to increase term to 84 months

*Calculate additional .50% to any vehicle that has more than 40,000 miles

 

Used Vehicle (0 – 48 months)

(Not older than 2011)

A= 3.25 %

B= 5.25%

C= 7.25%

D= 9.25%

 

*Add 1.0% to all categories to increase term to 49-72 months

*Calculate additional .50% to any vehicle that has more than 80,000 miles.

 

Older Used Vehicle (0 – 48 months)

(2010-2008* Auto)

 

A= 5.5%

B= 7.5%

C= 9.5%

D= 11.5%

 

*Calculate additional .50% to any vehicle that has more than 100,000 miles

 

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

 

B.E.S.T (Boat, Equipment, Small Tractor & Plows)

8% (Up to $15,000) (0 – 48 months)

 

Home Repair Loans:

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= 3.5%

B= 5.5%

C= 7.5%

D= 9.5%

 

Home Repair (25 – 60 months)

A= 7.99%

B= 8.99%

C= 10.99%

D= 12.99%

 

Debit Consolidation Loan Special:
(Check must be made Payable to Creditor)

A+, A & B Only=5% (0 – 60 months, up to $5,000)

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.