Manage short-term borrowing needs or unplanned expenses.
Applying is quick and convenient—with loan approval and funding in minutes. And because approval is based on your credit union relationship, the Express Loan is a clear alternative to payday loans and other higher-cost borrowing options.
Features and Terms
Simplified process from application to funding, all within your Online or Mobile Banking account.
No credit report required;
get a real-time decision in seconds!
Simplified Loan Amount
Qualify for an amount
ranging from $500 - $2,000 for
Competitive Loan Terms
25.99% APR and
$15 Origination Fee.1
How the Express Loan Works
Log In & Apply
Log in to Online or Mobile Banking, select the Express Loan widget, and apply.
Wait only seconds for loan approval results.
Choose your loan amount and payment due date.
Access loan funds through your BCU checking or savings account!
What you need to get started:
Access to Online or Mobile Banking
You must be at least 18, have a Social Security number, and listed as the primary individual on your BCU membership
Credit Union membership in good standing
Minimum of 2 months of deposit activity to your BCU checking or savings account
Note: currently the Express Loan is not offered in the following states—Arkansas, Georgia, Maryland, Massachusetts, Mississippi, Missouri, New York, North Carolina, Ohio, and Puerto Rico.
Other Loan Solutions
The Express Loan is higher-cost loan.
Before applying, please review our other unsecured loan solutions to determine which borrowing option is best for you.
Get quick access to funds for emergencies, unplanned expenses, or short-term borrowing needs.
Consolidate loans, pay bills, or fund large purchases.
Advance funds as needed to cover monthly expenses, make a large purchase, or consolidate loans.
Pay for everyday purchases; consolidate higher-rate credit cards with a balance transfer.
5.99% - 20.50% APR
Variable 5.00% - 14.25% APR
Variable 8.50% - 17.90% APR
$15 origination fee
Frequently Asked Questions
What’s the difference between the Express Loan and a Personal Loan?
The Express Loan provides an instant, fully automated process from application to funding within Online Banking. Loan approval and amount is evaluated based on your Credit Union relationship, including factors such as length of membership, previous loan and payment history and deposit history. No credit report is required.
A Personal Loan also provides funds that are immediately available for use. Unlike the Express Loan, a Personal Loan is a lower-rate alternative with traditional application and credit-based underwriting. A Personal Loan also offers additional flexibility for loan amount and repayment term (up to 60 months).
What are the requirements to apply?
Access to Online or Mobile Banking is required.
You must be at least 18, have a Social Security number, and listed as the primary individual on your BCU membership; Credit Union membership in good standing.
Minimum of two months of deposit activity to your BCU checking or savings account.
Is the loan available to members in all states?
Currently, the Express Loan is not available to members in the following states: Arkansas, Georgia, Maryland, Massachusetts, Mississippi, Missouri, New York, North Carolina, Ohio, and Puerto Rico.
Are there any fees?
Yes, there is a one-time $15 origination fee applied at the time of loan disbursement. This fee will be deducted from the total loan proceeds. For example, if you are approved for a $500 Express Loan, the available funds after loan disbursement will be $485.
Are there any rate discounts?
No rate discounts are available for the Express Loan.
Is the loan reported to the major credit bureaus?
Although a credit report is not required when applying for the Express Loan, your loan information and payment history will be reported to the major credit bureaus.
What repayment methods are available?
At time of loan approval and disbursement, you will select a monthly due date for automatic deduction of your loan payment from a BCU account.
Can I pay off the loan early?
Yes, an Express Loan may be paid-in-full before the end of the term with no pre-payment penalties.
How many can I have at one time?
You can borrow up to 2 Express Loans at one time; however, the combined total of both loans cannot exceed $2,000.
1APR is Annual Percentage Rate. APR is effective 11/1/2020 and is subject to change. Express Loans have an interest rate of 25.99% and a $15 origination fee, taken from loan proceeds at the time of funding, for an effective annual percentage rate (APR) of 27.124%-31.046% APR, based on the amount borrowed. Example: A $1,000 Express Loan with a term of twelve months would have a 28.417% APR, including the origination fee of $15, and a monthly payment of approximately $97.44.