Savings/Certificate Secured Loan

Funds may be pledged from your Primary Share or Share Certificate account to secure a loan. When money is pledged on an account a "hold" is placed on the money. This "hold" prohibits withdrawals.

  • Up to 100% of the available (collected) funds
  • As the loan principal decreases, the pledged amount decreases
  • Balloon or monthly payments available
  • Instant and automatic approval

Why would I borrow against my savings?

Borrowing against your available savings allows your account to continue to earn dividends while reducing your finance charge to a minimum.

Who would benefit from this kind of loan?

Members seeking the lowest rate loans. Members needing to establish or rebuild credit. Members requesting early CD withdrawals.