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 Use Your Funds On Deposit To Earn A Preferred Rate On A Loan!
Who says, "You can't have your cake and eat it too." If you are in the market for a low interest loan . . . We'll let you do just that!
You can use your money on deposit in your Membership Share or Certificate account to secure a credit union loan.
Not only will your money on deposit continue to earn dividends, we will give you a preferred rate on the loan.
Share Secured Loan Rate: This fixed rate loan is available for terms of up to 60 months. You may borrow up to 95% of your shares on deposit. Share Secured term notes can be established for up to a 90 day term and renewed every 90 days upon payment of the accrued interest.
Certificate Loan Rate:
A Certificate Secured loan can be set up as either a term note with no payment due until the Certificate matures or as a monthly installment loan. If the loan is established as a term note all interest will become due and must be paid before the Certificate can be renewed or redeemed. The Certificate loan interest rate is based on the current Certificate rate plus 2% rounded to the nearest whole number and will change if the rate paid on the Certificate changes up or down.
Please Contact Us if you have any other questions.
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