Savings (Share) Secured Loans

Want to spend and save at the same time?  You can use your savings account to help secure a low-interest loan.  Use the money in your account as collateral.  Loans secured by savings (shares) or a certificate of deposit in a member's account and will be granted up to the value in the account. The interest rate on this loan is variable and based on the dividend rate paid on the shares used as collateral plus three (3%.) with a floor of (6%.) The rate is adjusted on a quarterly basis.  

Certificate of Deposit Secured Loans

Loans using certificates of deposit as security can be made under an open end credit agreement.  The interest rate on this loan is variable and based on the dividend rate paid on the certificate offered as collateral plus three (3%) with a floor of (6%.)