Information and Alerts

Share-Secured Loans

Backed by your own savings

Strengthen your credit through deposits

A share-secured loan is a type of personal loan that uses your own savings as collateral. Instead of depleting your savings on those big purchases, you can lend it to yourself. As a result, you don’t lose out on any savings interest!

Share-Secured Features:

  • Perfect way to establish or rebuild credit
  • Lower interest rates than unsecured loans
  • Local service & support from Deseret First
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How does a share-secured loan work?

Number 1

First you’ll need to start with our 100% online application.

Number 2

Next, decide how much of your savings you want to borrow. We don’t demand a minimum like other financial institutions.

Number 3

Don’t worry, there’s also no origination or pre-payment fees!

Number 4

Finally, choose where you want your funds deposited: your account, a check, or prepaid VISA card.

Flexibility matters, especially when it comes to managing your finances. At DFCU, we provide flexible terms to suit your needs. As a member, you receive personalized service and tailored attention. We offer share-secured loans with a variable rate. The Annual Percentage Rate for these loans is just 3.00% above the current savings account interest rate, giving you a competitive option to support your financial goals.

Loan Requirements

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To qualify, you’ll need:

Apply online today! For questions or to apply directly with a representative, call 801-456-7590 or 800-326-3328. Available weekdays: 8am-6pm, Sat: 9am-2pm. Additionally, you may visit any Deseret First Branch.

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Borrowing with synergy—we’re on your side.

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