This loan, which can be used for any purpose, is secured by the available funds in your regular savings account. Your secured funds will still earn dividends.
A share-secured loan allows you to receive a significantly reduced loan rate in return for pledging your credit union shares as collateral against the loan. In order to be classified as a “share-secured” loan, 100% of the loan balance must be covered by your savings. For example, if you borrow $5,000.00 – you need to pledge $5,000.00 from your savings account. Your pledge amount automatically reduces with your loan balance.
Some restrictions apply*
The interest rates, annual percentage rates (APRs), shown are subject to change without notice. *APR=Annual Percentage Rate (excludes loan fees). Not all borrowers will qualify for all rates. If you apply, your loan terms may vary based upon when you submit your application, the information you provide with your application, our underwriting criteria in effect at that time and your final loan amount and finance charges. All applications are subject to credit approval.
Debt Protection
Protect your family against the unexpected.
Life can be wonderful. But it can also get complicated when unexpected things happen. Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there’s Debt Protection, which may cancel your loan balance or payments in case of:
- Involuntary unemployment
- Disability
- Death
Life Plus
For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.
- Accidental dismemberment
- Terminal illness
- Hospitalization or family medical leave
- Death of a non-protected dependent
Talk with your loan officer to sign up today!