Share-Secured Loans: Borrow From Yourself, Build Your Future
A share-secured loan lets you use your savings as collateral for life's bigger purchases without depleting your nest egg. You'll continue earning dividends on your savings while borrowing at a rate just 3% above what you already earn—an easy, affordable way to keep your money working for you while gaining access to credit.
Share-Secured Loan Benefits
Your Savings Work Double Duty
Instead of withdrawing from savings, you can leverage it for low-cost borrowing. With no minimum loan amount, no origination fees, and no prepayment penalties, share-secured loans keep things simple and affordable. Better yet, your savings continue to earn dividends throughout the loan term—so your financial foundation stays intact while you access the cash you need.
Credit Building Power
Build or Rebuild Your Credit with Confidence
Because the loan is backed by your savings, approval is guaranteed up to your collateral amount. Every on-time payment is reported to credit bureaus, helping you establish or rebuild credit while paying far less in interest than typical unsecured loans or credit cards. Flexible terms ensure the payment schedule works comfortably within your budget.
How It Works
Simple, Straightforward Process
Applying takes only a few minutes online. You choose how much of your savings to pledge as collateral, select your preferred disbursement method, and receive funds right away. Options include direct deposit, mailed check, or even a prepaid Visa card. While you repay the loan, your savings remain on deposit and continue to earn dividends.
When a Share-Secured Loan Makes Sense
Smart Borrowing for Smart Members
Members often use this option when they need to:
Make major purchases
without tapping emergency funds
Establish credit
as a young adult or new American
Consolidate higher-interest debts
into a lower-rate loan
Preserve liquidity
while pursuing investment opportunities
It's a flexible solution that balances immediate needs with long-term financial health.
Borrow Wisely While Keeping Your Savings Safe
Share-secured loans give you access to cash without draining your reserves. With competitive rates, guaranteed approval tied to your savings balance, and the peace of mind that your nest egg continues to grow, it's one of the most practical borrowing options available.
Become a Member Today
Church members and immediate family members can join the credit union.
APR = 3.00% above current savings dividend rate. Loan amount limited to pledged savings balance. No minimum loan amount. No origination or prepayment fees. Membership and credit approval required. Available weekdays 8am–6pm, Saturdays 9am–2pm.