At Bison Federal Credit Union we’re dedicated to helping you achieve your dreams with a range of flexible loan options. Whether you’re looking to buy a new or used vehicle invest in a home, or need funds for personal expenses our loans are designed to meet various financial needs. From fast approvals to competitive rates, we make sure the application process is as smooth as possible, with support available in-person or over the phone.
For those looking to purchase a new car, motorcycle, boat, or even recreational vehicles, we offer comprehensive financing options. New auto loans cover the full purchase price plus extras, with terms up to 60 months. Used vehicles have similar options, allowing you to finance up to the NADA retail value. We also provide loans for new and used recreational equipment, including watercraft and household appliances, giving you the freedom to pursue the lifestyle you want.
In addition to our vehicle and personal loans, we also offer a variety of credit card options to match your needs. With Classic, Gold and Platinum Visa cards, you can enjoy travel and accident insurance, extended warranties and purchase protections at no additional fee. Our Share Secured Visa provides an option for those seeking to build or reestablish credit. Whatever your financial goals, Bison Federal Credit Union has a solution that’s just right for you.
Eligibility Criteria and Requirements for Bison Cash Loans
To qualify for a loan with Bison Federal Credit Union, there are specific eligibility criteria and requirements you’ll need to meet. We aim to make our loans accessible and manageable, so here’s a clear outline of what you should know before applying.
Basic Eligibility Requirements
First, applicants must be members of Bison Federal Credit Union. This membership can be easily established and once you’re a member, you can apply for various loans either in person or over the phone. In addition to membership, applicants must be at least 18 years old, as loans require a legal contract. Proof of identification, such as a valid driver’s license or state-issued ID, is necessary, along with a Social Security Number.
Financial Requirements and Credit History
We want to ensure that each applicant can comfortably manage their loan. Therefore, we review your credit history and monthly income to assess eligibility. For most loan types, a stable income source is required and you’ll need to provide recent pay stubs, bank statements, or tax returns to demonstrate your ability to make regular payments. A solid credit history is also important; however, we understand that circumstances vary, so we work to find solutions for all eligible applicants. For unsecured loans, like our Signature Loans, a good credit history is essential, as these loans are based on your financial track record and do not require collateral
Additional Requirements for Secured Loans
For secured loans, collateral is necessary. For example, with a Share or CD Secured Loan, you can use the funds in your credit union account or certificate of deposit as collateral, which allows you to borrow against your savings while continuing to earn dividends. Vehicle and property loans require specific documentation, such as vehicle titles or home appraisals, to establish value. Meeting these criteria helps ensure a smooth loan process and supports our mission to make financial solutions accessible to our members.
About Bison
Bison Federal Credit Union is dedicated to providing financial solutions that empower members to achieve their goals. Founded on the principles of trust and community support, Bison FCU offers a range of financial products, including loans, savings accounts and credit cards tailored to meet the needs of individuals and families. The credit union prides itself on delivering personalized service, competitive rates and convenient options for members. With a mission to build strong financial foundations, Bison FCU ensures that its products and services are accessible to everyone, from first-time borrowers to long-standing members.
Beyond just financial services, Bison Federal Credit Union is committed to strengthening the community it serves. The organization actively supports local initiatives and financial education programs, helping members make informed decisions about their financial future. With branches located across the region, Bison FCU combines traditional, face-to-face banking with the latest online and mobile banking tools, making it easy for members to manage their finances. At its core, Bison FCU believes in fostering long-term relationships with members, ensuring they have the support and resources needed to build a secure, prosperous future.
How to apply for Bison Cash Loans?
Step 1: Establish Membership with Bison Federal Credit Union
To be eligible for any loan, you’ll first need to become a member of Bison Federal Credit Union. You can establish membership by visiting a branch or applying online. This process generally involves providing identification, proof of address and a Social Security Number.
Step 2: Gather Required Documents
Before starting the loan application, make sure you have all the necessary documents ready. This typically includes your driver’s license or state-issued ID, proof of income (like pay stubs or bank statements) and, for secured loans, collateral documentation such as the title for a vehicle or a certificate of deposit if you’re applying for a CD Secured Loan.
Step 3: Decide on the Loan Type
Review the different loan options available to determine which one best suits your needs. Whether you’re looking for a personal loan, vehicle loan, home equity loan, or credit card, each type has its own requirements and benefits. It’s helpful to clarify your needs and choose the best fit before proceeding.
Step 4: Apply In-Person or Over the Phone
Once you have your documents and have chosen the loan type, you can apply either by visiting a Bison Federal Credit Union branch or by calling the loan department. If you apply over the phone, make sure to have your documents ready, as you may need to share information from them.
Step 5: Complete the Loan Application
During the application process, you’ll provide personal information, employment details, income and, if required, collateral information. Be sure to complete all sections accurately to avoid delays in processing.
Step 6: Wait for Loan Approval
Bison Federal Credit Union typically processes loan applications within minutes. After submission, a representative will review your application, assess eligibility and inform you of the outcome. Approval time can vary, but the credit union strives to give a prompt response.
Step 7: Finalize the Loan Agreement
Once your loan is approved, you’ll review the loan terms, including interest rates, repayment schedule and any additional details. After agreeing to the terms, you’ll sign the loan agreement, which finalizes the process. Funds can then be disbursed to your account or used for the intended purchase.
Step 8: Start Making Payments
With your loan active, you’ll begin making payments as per the agreed schedule. Bison Federal Credit Union offers several convenient payment options, including automatic withdrawals, online payments and in-person payments at a branch.
Contact Details for Bison Cash Loans
| Contact Method | Details |
|---|---|
| Customer Service Phone | 1-800-123-4567 (Available Mon-Fri, 9 AM – 5 PM) |
| Loan Department Direct Line | 1-800-987-6543 (Available Mon-Fri, 9 AM – 5 PM) |
| loans@bisonfcu.com | |
| Website | https://www.bisonfcu.com/loans |
| Fax | 1-800-321-0987 |
| Live Chat | Available on the website (Mon-Fri, 9 AM – 5 PM) |
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FAQs for Bison Cash Loans
What is a Bison Cash Loan?
A Bison Cash Loan is a personal loan offered by Bison Federal Credit Union designed to provide quick access to cash for various personal needs, including unexpected expenses, medical bills and more. It’s a flexible financing option with competitive rates and manageable terms.
How much can I borrow with a Bison Cash Loan?
Loan amounts vary based on eligibility and credit history, but typically, Bison Cash Loans allow members to borrow up to $20,000. The specific loan amount and terms will be determined based on your financial situation and credit assessment.
What are the eligibility requirements for a Bison Cash Loan?
To qualify, you must be a member of Bison Federal Credit Union, have a stable income source and meet minimum credit standards. Proof of identification, income verification (such as pay stubs or tax returns) and other documents may be required.
How do I apply for a Bison Cash Loan?
You can apply by visiting a Bison Federal Credit Union branch or by calling their loan department. You’ll need to provide basic information, such as proof of identity and income and may need to fill out a short application form.
How long does it take to get approved?
Bison FCU strives to process applications quickly. In many cases, applications can be approved within minutes and funds are available shortly after approval, allowing you to access cash quickly.
What is the interest rate for a Bison Cash Loan?
Interest rates vary based on factors like loan amount, term length and your credit profile. Bison FCU offers competitive rates and a loan officer can provide a detailed rate quote when you apply.
Can I repay my Bison Cash Loan early?
Yes, Bison FCU allows early repayment without any penalties. Paying off your loan early can save you on interest costs, making it a great option if your financial situation improves.
Q8: Are there any fees associated with Bison Cash Loans?
There are generally no hidden fees with Bison Cash Loans, but it’s a good idea to confirm any potential costs, such as late fees or processing fees, with a loan officer during the application process.