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LOANS &
CREDIT
All first-time borrowers must have a cosigner. All loans
require the member to deposit (pledge) an amount equal
to 15% of the requrested loan into his/her account.
This pledge cannot be withdrawn until the loan is
completely paid.
Click here for more information
on how to apply. Or ask a representative for
details at 718.299.9100.
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Terms
& Interest Rates of Various Types of Loans
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AUTO LOANS
Rate depends on the age of the car, but can be as low
as 5.5%.
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Bethex
VISA Card
Unsecured and secured cards are available for between
$300 and $10,000 at 6% to 18% APR. More
info>>
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BUSINESS
LOANS
15% APR—loans up to $50,000; Higher amounts available
with SBA guarantee.
You must open a business account ($15 membership fee
& $150 minimum deposit). Additional documents required.
 See
BUSINESS ACOUNTS
or contact the Loan Office at 718.299.9100 for more
information.
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EMERGENCY
LOANS
Members with direct deposit can get up to $500 the
same day with no credit report with a only 15% pledge.
Members without direct deposit can get up to $300. New
members can get up to $200 the same day. Qualified borrowers
can get up to $1,500. APR is 16.5% to 18%.
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CONSUMER
(PERSONAL) LOANS
16.5%—loans up to $10,000. To apply for a consumer
loan, you must have at least $100 saved in your account.
You'll need an ID, phone bill or Con Ed bill, 2 consecutive
paycheck stubs, other proof of income, or public assistance
budget letter and your completed application. The same
things are required from your cosigner.
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GOAL-SAVER
LOANS
5% APR—This loan is deposited into your account
and remains frozen until you repay it. This loan helps
you save and build your credit. No credit report required
and minimum paperwork.
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SECURED
LOANS
6% APR—It is done with your own money. This loan
helps you save and build your credit. No credit report
required and minimum paperwork.
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LINES
OF CREDIT
Individuals can apply for overdraft protection to cover
checks. The APR is 18%. Business can apply for amounts
sufficient to meet their needs. Personal lines of credit
are also available.
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MORTGAGES
Call (718) 299-9100-ext.18 to get information about
applying for a mortgage loan. Homes condos and co-ops.
More
online info>>
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OTHER
SERVICES FOR YOUR NEEDS
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Planning & Investments
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Checking, Savings |
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Account Services |
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