Certificate Secured Loan
A certificate secured loan uses your certificate as collateral against the loan. It is the easiest way to build or rebuilt your credit. Rates and payments are kept low. If you don’t have funds available to borrow against, please contact us for additional options to build or rebuild your credit.
| Features | Benefits |
|---|---|
| No processing fees | Saves money |
| Competitive interest rate; 2% above certificate rate rounded up to the nearest .25% | Saves money |
| No pre-payment penalties | Saves money |
| Payments may be made via Payroll Deduction, automatic payments, Telephone Teller, Online Banking or by phone | Convenient |
| Loan amount can be up to 100% of share certificate account balance. Term cannot exceed the term of the certificate. | Convenient |
| Automatic approval up to the amount of the funds on deposit | Convenient |
| Establishes credit history for new borrowers | Peace of mind |
| Member’s Choice™ Borrower Security makes your loan payment in the event of an emergency | Peace of mind, flexible |
| Access to account information in person, by mail, Telephone Teller and Online Banking | Convenient |
