Expand your financial capabilities with this secured loan that doesn’t even require a credit report.
Key Features
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Awesome Service
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Competitive Rates
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Local Decisions
Savings Secured Loans
No Credit report necessary. Members may borrow up to 90% of the amount held as collateral in a savings account. Excluded are Holiday and Vacation Club Accounts and IRAs.
- Minimum Loan: $500
- Terms:
- 6-24 months – 4.00 percent over current dividend rate being earned
- 25-144 months – 5.00 percent over current dividend rate being earned
- Refer to Dividend Rate Table and use Savings Account balance (not the loan balance) to determine correct APR
Certificate Secured Loans
No credit report necessary. The loan is a balloon note, with Payment in full due on the maturity date of the certificate.
- Minimum Loan: $500
- Interest Rate: Less than one (1) month – 24 months – 4.00 percent over current dividend rate being earned on a certificate
- 25-60 months – 5.00 percent over current dividend rate being earned on a certificate
- Terms: Loan is only for the duration of the certificate.