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 is important. Especially when it comes to finances. That’s why we at DFCU offer adjustable terms. When you bank with us, you get the individual attention you expect. We also offer our share-secured loans at a variable rate. The Annual Percentage Rate of the loan is 3.00% higher than the current savings account interest rate.

Loan Requirements


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To qualify, you’ll need:

  • Membership & eligibility
  • Credit approval
  • Monthly payments withdrawn from your account
  • Use 100% of your available funds

Apply online today! For questions or to apply directly with a representative, call 801-456-7590 or 800-326-3328. Available weekdays: 8am-7pm, 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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