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Share Secured Loans

A Share Secured Loan allows you to use the funds you have on deposit as collateral to secure the loan.  You won’t need to deplete your hard-earned savings and your funds will continue to earn dividends while they are secured for the loan. The secured amount will decrease as you pay down the balance of the loan, and Share Secured Loans offer lower interest rates than unsecured Personal Loans. Savings Accounts and Share Certificate Accounts may be used for a Share Secured Loan. Checking Accounts, IRA Accumulator Accounts and IRA Certificate Accounts are not eligible. 

Loans FAQs

Light Bulb Financial Wellness Tip: Weekly, bi-weekly, or semi-monthly payroll deduction payments will reduce the total amount of interest paid over the life of the loan. Contact a Loan Officer to learn more.    

Ready to Apply?

Simply submit your application online, and we'll take it from there! A Loan Officer will contact you if any additional information is needed. You may also apply over the phone or in-person at our branch, whichever is most convenient for you.

Emerald Payment Protection

:Lessen the worry of repaying your loan during a time when your income may be reduced or lost due to death, disability from an injury or illness, family leave or involuntary unemployment.  Give yourself peace of mind knowing that your loved ones won’t be left with the burden of your debt.  Emerald Payment Protection may be added to any new or existing loan. 

Your purchase of Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.