Savings-secured loans as low as 2.05% APR.1skip to disclosure

How does a savings-secured loan work?

With a savings-secured loan, you must put up collateral in order to obtain the loan. Collateral can come from a savings account or share savings certificate. The money used as collateral remains in your account earning dividends while you repay the loan. When your loan is paid off, the money used as collateral becomes available to you again.

A savings-secured loan might be right for you if:

  • You want a low-rate secured loan and have the funds for collateral
  • You want to build or rebuild credit
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Percent apr

As low as 2.05% APR fixed rate1skip to disclosure

Balance transfer

Loans from $500 to $150,000

Flexible terms

Terms up to 36 months1skip to disclosure (or longer with a share savings certificate)

Build credit

Credit score not required

Get help with Savings-Secured Loans.

For terms up to 36 months, you can use a Membership Savings Account as collateral. For terms 37-60 months, funds must be deposited into a Share Savings Certificate. Savings secured loan rates are 2.00% APR above your collateral savings product ownership dividend rate.

Not at all. You can pay off the loan as quickly as you like or until the maturity of the loan without worrying about any prepayment penalties.

A Savings Secured Loan is perfect for establishing or rebuilding your credit. It’s a loan that uses the funds you have in your deposit as collateral for a loan.

  • Savings-Secured Loan APR = Annual Percentage Rate. APR is 2% above the share savings rate for terms up to 36 months; savings certificate rate for terms up to 60 months. Payment example: a $5,000 loan for 36 months at 2.05% would be a monthly payment of $143.32. Payment example with a Share Savings Certificate: a $5,000 loan for 60 months at 2.15% would be a monthly payment of $87.97. Minimum loan amount of $500. Maximum loan amount $150,000. All loans, terms and conditions are subject to Credit Union qualifications & approval. Rates are subject to change without notice. Must be a member in good standing. Some restrictions may apply. Membership Savings and 60 month savings certificate rates are subject to change without notice. APY is accurate of the last dividend declaration date. See current rates.

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