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Important Notice
For our Apple device users, we want to inform you of a potential issue that could affect your ability to access our Bronco Mobile App. Our goal is to ensure that you do not experience a disruption in service.
It’s 2021. Time for a Fresh Start.
The year 2020 is one that will not be remembered fondly by most. As we get further into this New Year, though, we’re presented with the perfect opportunity to take stock of where we are, make plans to move forward, then put these plans into action. Certainly, establishing or rediscovering financial stability is at the top of the priority list. And fortunately, we have several ways to set you on the smartest course.

As your hometown financial partner, we’re always here to assist you in any way we can to improve your economic situation. Take a look at some of the ideas we’ve outlined below, or feel free to give us a call at 757-569-6000, and let’s talk through where you are, and more importantly, where you want to be.
Grey clouds. Silver linings.
From the start of the worldwide pandemic, the Federal Reserve has been taking steps to protect the U.S. economy by steadily continuing to lower mortgage interest rates. If you own your home and still have a mortgage, take advantage of historically low rates by refinancing to a much more favorable rate. This can save you hundreds each month. Or you can keep roughly the same payment but shorten your loan term, which will also save you hundreds, even thousands of dollars, in interest over the life of the loan.

Bronco offers both Fixed-Rate Mortgages and Adjustable-Rate Mortgages (ARMs) to help you get in on these historically low rates. Contact us, and let’s discuss which option may be best for you.
Great investment. Greater return.
Another way to put low loan rates to work for you is by using the equity you’ve built up in your home. Based on information released by the Real Estate Information Network (REIN), 2,830 homes were purchased across Hampton Roads in November 2020—a 24% increase over the number of homes sold in November 2019. In addition, the number of homes available for sale is very low, pushing the median sales price up from $242,325 last year to $275,500 today. In other words, this is a great time to be a homeowner because the value of your home is increasing.

With our Home Equity Loans or Home Equity Lines of Credit (HELOC) you can make improvements to your home now that will make it even more valuable, especially if you’ve been considering a move. Or, use that equity to consolidate all of your high-rate credit card and loan debt into one simple and affordable monthly payment.
Better numbers. More savings.
Due to the same supply and demand situation as homes in Hampton Roads, your used vehicle is also a valuable asset right now. Refinance your auto loan rate from another lender with us, and you can keep more money in your plus column each month. You can also change the term to shorten the loan period. In doing so, you may make the same or slightly higher monthly payments now, but you’ll pay off the loan faster and save big money on loan interest charges.

We offer great loan rates and a variety of terms on new and used autos and trucks, as well as recreational vehicles (RVs).
It’s Scholarship Season.
Our commitment to the future of our community is as strong as ever. The Bronco Federal Credit Union Scholarship program is one such example. Each year up to $5,000 in varying awards are made to college-bound seniors who are also members in good standing of the credit union. But the deadline to apply will be here before you know it—March 31, 2021.
Save the date.
Our Annual Meeting is scheduled for Tuesday April 27, 2021 at 5:00 pm. The meeting will be held virtually this year. Please check our website after April 1st for a sign up link.
Bronco Locations
Main Office
135 Stewart Drive
Franklin, VA 23851

Office Hours:
• Mon. and Tues. - 8 am to 5 pm
• Wed. - 9:30 am to 5 pm
• Thurs. and Fri. - 8 am to 5 pm
Drive-thru open on Friday until 6 pm
Real Estate Services and Drive-Thru
206 E. Second Avenue
Franklin, VA 23851

Office Hours:
• Mon. and Tues. - 8 am to 5 pm
• Wed. - 9:30 am to 5 pm
• Thurs. and Fri. - 8 am to 5 pm
Drive-thru open on Friday until 6 pm
Suffolk Office
3075 Godwin Boulevard
Suffolk, VA 23434

Office Hours:
• Mon. and Tues. - 8 am to 5 pm
• Wed. - 9:30 am to 5 pm
• Thurs. - 8 am to 5 pm
• Fri. - 8 am to 6 pm
135 Stewart Drive, Franklin, VA 23851  |  757-569-6000  |
  Equal Housing Lender    |    Federally insured by NCUA    |    Equal Opportunity Lender