Use your savings as collateral and qualify for our lowest rates
Instead of using your savings to make a purchase, you can borrow against it and your money stays put. That way, you can continue to earn dividends (keeping your nest egg safe) and still have the funds to finance what you want.
Plus, share secured loans are a great way to build credit. Since your repayment behavior is reported to the credit bureaus, making your payments on time and in full can help build a positive credit history.
Borrow up to 100% of the funds in your savings account – up to $80,000
Flexible terms between 6 and 96 months
As your loan balance is repaid, the savings funds become available for use or withdrawal.
APR (Annual Percentage Rate) as of June 1, 2021, and is subject to change.Loan subject to Credit Union approval. Minimum loan amount $500, maximum loan amount $80,000. The hold on your savings balance will reduce monthly by the principal payment amount. Terms and conditions apply.
Loan payment example: $11.28 per month for each $1,000 borrowed at 1.99% APR for 96 months.
We make it easy!
Our simple 3-step online application makes applying for a personal loan or line of credit easy. Plus,you might already be approved. All you'll have to do is choose how to spend it.