” Beehive Federal Credit Union was established in 1974 by Frank Wright. I worked with him at the time and have always looked back on that time as a turning point in my own life. Frank and his wife, Beth, started the company as a home-based business and later turned it over to a full-service credit union, The beehive federal credit union photo contest. This contest has always had great feedback from its participants.
“If you’ve never been a member of a beehive federal credit union, I’m afraid you’re missing a golden opportunity. These credit unions and their lending programs have been around for a very long time and they really do operate differently than the larger credit unions. It can be a little intimidating at first, especially if you don’t know what to expect. Don’t be afraid to ask questions, either.
“You may be thinking to yourself:’ Great! I’ll be eligible for a beehive federal credit union loan without a credit check.’ Well, that’s not necessarily true. Depending on where you live, the rules and requirements for beehive federal credit union loans vary from state to state.”
Now that I got that out of the way, let’s look at some of the beehive federal credit union loans I’ve come across. The requirements vary from state to state, so it’s best to do a little research before committing yourself. Some beehive federal credit union loans require a co-signer, and you must be 18 or older to be considered a co-signer.
What are the benefits of a beehive federal credit union loan? To be honest, there’s a lot of benefits. For one, beehive federal credit union loans are backed by the FDIC, which means that if the beehive blows, the government will bail you out. Second, beehive federal credit union loans are interest free for the first six months. Third, beehive federal credit union loans are backed by some pretty heavy-duty competition, so the interest rates aren’t high – they’re just reasonable.
Now, what can you do to get a beehive federal credit union loan? First, be careful of any beehive federal credit union loan that requires you to be a homeowner, or to have had a home loan in the past. These terms are always looked over as suspicious by the bank when you apply. So be sure and double check anything you may be considering applying for.
Second, be careful of beehive federal credit union loans that seem to be too good to be true, especially if they are offering to give you a 1st time deal with no fees. It usually means that there is something either missing from your resume, or your financial situation just isn’t right. If you are looking for beehive federal credit union loans, be careful of any that require a co-signer. If you don’t have a co-signer, then there is a good chance that the beehive federal credit union isn’t telling you the whole truth about their terms. They will be trying to recoup as much money as possible from you, and will be willing to rip you off if they need to.
Last but not least, be very wary of beehive federal credit union loans that offer unsecured debt. This type of loan is great for those who are starting out and have no collateral to secure the loan, but be aware that the interest rates are extremely high. The only way to save on any beehive federal credit union loan is to be prepared to be a bit flexible with your employment and income history. Otherwise, you will be stuck paying hundreds of dollars in interest charges every month.