Share & Certificate Secured
Loan amounts up to $30,000.00 secured with shares equaling 1/2 of the original loan amount. Maximum term is six (6) years depending on balance.
The interest rate is as low as 5% above the highest share rate at the time the loan is made. This loan is eligible to be refinanced to a lower rate only when the principal balance has decreased to the original pledged amount.
Secured by 100% of the loan amount with your shares. Shares are released as principal is paid.
Interest rate is 2.50% above the highest regular share rate at the time the loan is made and may not be refinanced to a lower rate.
Maximum term is 5 years depending on initial balance, and the minimum payment is $100.00 per month.
Certificate Secured Loans
2.50% above the secured CD rate. The maximum term is the remaining term of the secured CD.
Please contact the Credit Union for more details on these loan types.