Need funds but don't want to deplete your savings?
Consider a Share Secured loan. Borrow against your savings balance and receive a low-rate loan, while still earning dividends on your deposit balance. A hold is placed on the amount of funds you want to borrow. Once the loan is paid the funds are released. Share Secured loans are a great option for building credit or giving yourself some extra buying power without depleting your savings.
- Borrow up to 100% of the balance in your savings account (less $25.00 required member savings balance).
- Minimum loan amount - $500.00.
- No fees.
- Interest rate based on current savings APR plus 1%
- Loan will be renewed annually and rate adjusted accordingly.
- Flexible terms.