LOANS
As of February 15, 2008- A $20.00 loan payment fee will be assessed on loan payments 31 days or more past due.
Auto Loans
Apply for Loan | Loan RatesBUFFALO METROPOLITAN FEDERAL CREDIT UNION offers new and used auto loans. You have the option to submit a loan application for pre-approval on your auto loan . This "puts you in the driver's seat" when negotiating the purchase price of your next vehicle. The Credit Union will finance 100% (including taxes, title & warranties) on all autos that are current model year or the three previous model years.
Before you go shopping, get preapproved for an auto loan online or stop by our branch.
Please bring proof of income when applying for a loan at the branch.
Have you already found the perfect vehicle or looking to refinance a high rate auto loan from another lender?
The following is required when applying for an auto loan to purchase a vehicle or refinance an auto loan from another lender:
Purchasing an Auto
- Bill of sale
- Proof of Income
- $20.00 for processing fee
- Insurance binder listing
- Buffalo Metropolitan Federal Credit Union as lienholder
- Our address (62 S. Elmwood Ave., Buffalo, NY 14202)
- Deductibles (you must carry comprehensive and collision for the life of the loan)
- Effective and expiration date of the policy
Your auto insurance can fax the insurance binder to Buffalo Metropolitan at 716.847.6996
Refinancing an Existing Auto Loan
- 10 day payoff letter
- Original title
- Proof of Income
- $20.00 for processing fee
- Insurance binder listing
- Buffalo Metropolitan Federal Credit Union as lienholder
- Our address (62 S. Elmwood Ave., Buffalo, NY 14202)
- Deductibles (you must carry comprehensive and collision for the life of the loan)
- Effective and expiration date of the policy
Your auto insurance can fax the insurance binder to Buffalo Metropolitan at 716.847.6996
For additional drivers seat information research the Kelley Blue Book by clicking on the logo below:
Immigration Status/Temporary Visitors
Buffalo Metropolitan Federal Credit Union will consider your immigration status and whether you have the right to stay in the country long enough to repay a debt before we grant credit in accordance with federal regulation B section 1002.6.
MEMBERS® Auto & Homeowners Insurance Program
You trust Buffalo Metropolitan Federal Credit Union to provide you and your family with quality products and services to meet your financial needs. We’ve joined with a dedicated team of insurance professionals to bring you the MEMBERS® Auto & Homeowners Insurance Program.
- The MEMBERS Auto & Homeowners Insurance Program is the property and casualty coverage solution preferred by credit unions and their members.
- Access convenient e-service, pay your bill or make changes to your policy, even report a claim.
- Receive fast, easy access to claims service 24 hours a day.
- Obtain a free, no-obligation quote.
The MEMBERS Auto & Homeowners Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state regulations allow. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.
New Alliance to Offer Collateral Protection Insurance
Buffalo Metropolitan Federal Credit Union recently made changes to our Collateral Protection Insurance Program that tracks the insurance on members' loans.
If you have a vehicle loan with Buffalo Metropolitan Federal Credit Union and have received notices requesting proof of insurance, any new notices you may receive will look different from those you received in the past. Please continue to follow the instructions listed on the notices, as they contain important information regarding your loan.
As your lender, Buffalo Metropolitan Federal Credit Union knows you rely on our products and services to help keep you financially strong and secure. Please contact us at (716) 847-6960 if you have any questions regarding this information.
Boat and Recreational Vehicle Loans
BUFFALO METROPOLITAN FEDERAL CREDIT UNION will finance 100% (including taxes, titles & warranties) on all boats and recreational vehicles that are current year models. Used boats and recreational vehicles will be financed as long as a true book value is submitted with the loan application.
You may be eligible for a maximum of $15,000.00 with a five year repayment term. A loan officer will review your loan application and you will be required to meet certain criteria. The loan officer will explain the application results in full once it has been reviewed. You may use the proceeds of this loan for any reason. You may apply for an addition to this loan at any time by simply talking to a loan officer.
You may want to consider using your shares (savings account) as collateral on a loan. You will be charged a reduced interest rate on the loan and still receive dividends on the monies in your share account. These loans may be extended for up to 60 months and are approved the same day.
This loan is granted to people who want to avoid checks being returned for nonsufficient funds. The BUFFALO METROPOLITAN FEDERAL CREDIT UNION will automatically deposit funds (in increments of $50) from your overdraft loan to your share draft account, avoiding fees you would normally be charged. The Credit Union will notify you of the overdraft and it will be your responsibility to adjust your check register and make the required payment on the loan and its interest.
There is no annual fee, a 25-day grace period and a $15,000 maximum line of credit on your BUFFALO METROPOLITAN FEDERAL CREDIT UNION Visa card. The Credit Union Visa is accepted worldwide and can be used for purchases and cash advances.
Online Gambling
Please be advised that you may not use any Buffalo Metropolitan Federal Credit Union card to initiate any type of electronic gambling transaction through the Internet.Apply for Loan | Loan Rates
Visa Credit Card Agreement
You may apply for a line of credit up to $10,000. To utilize all or a part of this line of credit, you may come into our office for an immediate advance, or dial our audio response number to have a check mailed to you the following day. Once your line of credit and its credit limit is established, you will never have to fill out another credit application.
The BUFFALO METROPOLITAN FEDERAL CREDIT UNION offers new purchase and refinancing at a fixed rate. These rates change daily and you will need to call the Credit Union at 716-847-6960 for current rates. We offer 10,15,20 or 30-year mortgages with a 5% down payment. We will pre qualify you so that you will know how much you can afford. We will also pre approve you so that you will save time in processing once your bid has been accepted. Pre qualification and pre approval are a "NO COST" benefit to our Credit Union members.
The following list of Mortgage Loan Originators (MLO's) are employed by Buffalo Metropolitan Federal Credit Union:
Patricia M. Edinger 788854 Jeanne K. Stadler 788853 Sandra May 788855 Roxane Gizzo 788859 Julie Szymanski 788857 Kelly Snekser 788858 Patricia McManus 788856 Jessica Wellings 788860 Licensed Mortgage Bankers - Nationwide Mortgage Licensing System
NMLS company ID for Buffalo Metropolitan Federal Credit Union - 762175
Individual MLO information is available through the Nationwide Mortgage Licensing System & RegistryHome Equity Line of Credit
Your Home's Equity Is Your Best Bet
If you need cash to remodel your kitchen, pay for college expenses, or even take a vacation, a Home Equity is your best bet. These loans let you borrow money using the equity in your home as collateral.
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A Home Equity Line Of Credit is much like a credit card or any other type of open-ended credit. You can borrow money as needed, up to the available limit, by simply transferring the money online to your Share (savings) Account or Share Draft (checking) Account. With a Home Equity Line Of Credit you can borrow multiple times with no additional costs.
Call (716) 847-6960 ext. 228, 229, 235, 240, or 245 for more information today!
The recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872), eliminates the Federal Family Educational Loan (FFEL) Program on July 1, 2010. You will no longer be able to choose your lender for student loans! All student loans will be financed through the U.S. Department of Education.
Students-Contact your school's financial aid office for more information on securing federal student loans.
Current Borrowers-For questions related to an existing FFEL Stafford Student Loan secured through Buffalo Metropolitan Federal Credit Union, contact our chosen servicer, Great Lakes, online or at 1-800-236-4300.
In an effort to save our members money, all BUFFALO METROPOLITAN FEDERAL CREDIT UNION loans may be paid weekly, biweekly or semi-monthly through payroll deduction. Remember, interest is calculated on the unpaid balance of the loan from the last date of payment. If you are a teacher, take advantage of our Summer Skip option that allows you to pay over the 10 months you are working. All Loan payments can automatically be deducted from your paycheck.
Apply for Loan | Loan RatesImmigration Status/Temporary Visitors
Buffalo Metropolitan Federal Credit Union will consider your immigration status and whether you have the right to stay in the country long enough to repay a debt before we grant credit in accordance with federal regulation B section 1002.6.
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