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  • Phone: 716-854-3714

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  • Loans

    IRS Buffalo Federal Credit Union offers a variety of loan products to members including new and used vehicle loans, recreational vehicle, signature loans, share secured, overdraft LOC, credit builder loans and others.

    Be sure to visit your Credit Union first for all your lending needs!

    If you would like to securely send us your loan application or proof of income, please click here.

    Skip-A-Payment Loan

    Have tuition due every August or Christmas bills every December and January? We can set up your Signature Loan to automatically skip those months during the length of your loan with the Skip-A-Payment loan.

    We do offer the opportunity to skip up to two months of loan payments in a given year. Requests must be made in writing prior to the payment due date.

    Your loan must be:

    • At least 6 months old
    • Current at the time of request
    • Requests are reviewed by a Loan Officer
    • We do not charge a fee, however, the interest accured since the last loan payment must be paid.

    Overdraft Lines of Credit

    The overdraft lines of credit are attached to a Share Draft Account. The minimum amount is $500 and maximum amount is $2,500. Lines of Credit can be attached to your MasterCard Debit Card and it is better than a credit card, no annual fee!

    Variable Lines of Credit

    The variable lines of credit do not require a Share Draft Account. Amounts up to $15,000, depending on credit score and debt to income ratio. Have a share draft? Attach it to your Share Draft Account and your MasterCard Debit Card and it is better than a credit card, no annual fee!

    Credit Builder Loans

    We work with you to help build/rebuild your credit. The loan money is put into a share account that you can’t touch until certain payment levels are met. Rate is prime + 3, so 8.50% currently.

    Collection Reduction Loan

    Designed to assist members in paying off collection account and the lowest balance is paid off first.

    Home Equity Line of Credit

    Secured by your primary residence. We are first or second mortgage. Borrow up to 80% of your home’s value, less any other mortgages/lines secured by the home. Rate is prime + 2, so 7.50% currently.

    Pay Day Alternative Loan (PAL)

    Don’t pay 400% plus in interest by taking a quick pay day loan. We have short-term loans as low as 10.20% for up to 3 months. Our highest rate on this loan is 24.24%

    Mortgages and refinances

    We partner with OwnersChoice for mortgages and refinances. For current mortgage rates, please visit www.ownerschoice.com

    Student Loans

    In partnership with SallieMe, we offer student loans with options to meet your needs. Choose the student loan that's right for you. SallieMae Student Loans

    Loan Rates

    Loan rates are based upon credit score. Car, RV etc. rates are also based upon age of the car and used cars NADA value also factors into determining the rate. Personal Loan rates are also based upon the length of the loan.

    Car and Signature Loan rates listed below are subject to change and reflect a .25 discount for direct account transfers from your IRS Buffalo FCU account. Pre-approval is available and valid for 6 weeks from date of approval.

    Rates Effective as of January 1, 2019
    Loan Type:Terms:Annual Percentage Rate*
    New Vehicle Up to 60 months As low as 2.40%
    New Vehicle Up to 72 months As low as 2.65%
    New Vehicle Up to 84 months As low as 3.15%
    Used Vehicle Up to 60 months As low as 3.15%
    Used Vehicle Up to 72 months As low as 3.40%
    Apply for a Loan
    New Recreational Vehicle Up to 60 months As low as 3.40%
    New Recreational Vehicle Up to 72 months As low as 3.65%
    New Recreational Vehicle Up to 84 months As low as 4.15%
    Used Recreational Vehicle Up to 60 months As low as 4.15%
    Used Recreational Vehicle Up to 72 months As low as 4.40%
    Apply for a Loan
    Signature (Personal) Loans
    Amounts up to $20,000, depending on credit score and debt to income ratio.
    Up to 12 months As low was 6.60%
    Up to 24 months As low was 7.60%
    Up to 36 months As low was 8.60%
    Up to 48 months As low was 9.60%
    Up to 60 months As low was 10.60%
    Apply for a Loan
    Skip-A-Payment Loans
    Amounts up to $20,000, depending on credit score and debt to income ratio.
    Up to 60 months As low as 6.70%
    Overdraft Lines of Credit 14.90%
    Variable Lines of Credit As low as 10.35%
    Share Secured
    Secured by shares in your IRS Buffalo FCU Account.
    3.5%
    Certificate Secured
    Secured by shares in your certificate account at IRS Buffalo FCU.
    As low as 2.35%

    *The Credit Union has a loan rate policy which applies different loan rates, terms, and maximums to borrowers based upon the borrowers' past credit history. Advertised rates shown are our lowest rates. The loan rate applicable to you may vary from rates shown here. All rates are expressed as ANNUAL PERCENTAGE RATES (APR). Terms and limits are subject to change without notice.

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