Share Secured Loans

If you need cash but don't want to deplete your savings, consdier a loan secured by your Share Savings account. With a savings secured loan, the amount of the loan is secured by your savings account. Although your savings account is used as collateral, it continues to earn dividends.

You can borrow up to the amount available in your account and take up to 60 months to repay. Most important, because the loan is secured by your savings balance, the interest rate is the lowest we offer on any loan.

  • Rates as low as 4.77% above current dividend rate
  • Excellent way to build credit
  • Peace of mind knowing you have set terms and monthly payments
  • Earn Dividends on the loan amount
  • Loan amounts start at $500 with the ability to borrow your entire share balance up to $250,000
  • Terms up to 60 months
  • Guaranteed approval
  • Funds available the same day, in most cases
  • No fees or prepayment penalty
  • Convenient automatic payment or monthly coupons