Establishing good credit is often an important step toward achieving your financial goals. With a Share Certificate Secured Loan, you can begin to build good credit by using share certificates as collateral for a loan.

How it Works

When you apply for a Share Certificate Secured Loan, you agree to “freeze” the dollar amount of the loan in your share certificate. The funds are used as collateral until you repay your loan. However, you continue to earn dividends on your funds. As you repay your loan, you regain access to the pledged funds.

What can you expect from a Share Certificate Secured Loan?

• Flexible loan amounts. Qualified members may borrow up to 150% of their available and unpledged share certificate balance.
• Convenient repayment options. You can choose to make automated loan payments from other accounts. In addition, you may pay off your loan balance at any time, with no pre-payment penalties.
• Easy rollover options. Terms on loans secured by a share certificate may extend beyond the term of the share certificate as long as the share certificate is rolled over.
• Peace of mind. Enjoy FREE Credit Life Protection up to 55,000 USD per member.