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Get A Secured Personal Loan

We offer a variety of loans and lines of credit that are secured by the balance in your savings account or certificate account.
 

  • Loans and lines triangle
    Loans and lines of credit starting at $500.
  • Borrow triangle
    Borrow up to 100% of the amount in your savings account or certificate account.
  • Repairing credit triangle
    Great for establishing or repairing credit.

Get Started

Savings Secured or Certificate Account Secured Loans

Apply online

Savings Secured Line of Credit

Apply online

What to Expect When Applying

 

Savings Secured Rates

Savings Secured Loan
Fixed Rate
ADR+3%
Savings Secured LOC
Variable Rate
ADR+3%

View all APRs and disclosures

Key Features

 
  • Available as a Pledge of Savings Loan or Savings Secured Line of Credit.
  • Pledge of Savings Loan provides you with a lump sum, which you pay back in monthly principal and interest payments, up to 96-month term.
  • Savings Secured Line of Credit offers low monthly principal and interest payments of 2% of your outstanding balance. Your interest rate varies with the last savings dividend rate declared in the previous quarter.
  • Rate is equal to your current savings account’s dividend rate plus 3%.
  • Your savings funds securing the loan or line of credit are frozen while the debt is outstanding.
  • You may have only one savings secured loan at a given time. Holiday club accounts can’t be used to secure your loan.
 
  • Pledge of Certificate Account terms start at 30 days, not to exceed the maturity date of your certificate account.
  • Rate is equal to your current certificate account’s dividend rate plus 3%.
  • Your certificate account funds securing the loan or line of credit are frozen while the debt is outstanding.
  • A loan may be secured by only one certificate, but you may have more than one loan if you have multiple certificates. IRA certificate accounts can’t be used to secure your loa

Useful Resources

The BALANCE Financial Fitness Program provides access to free financial counseling and education, including student loan coaching, home ownership education, and rental coaching.

 
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