Share Secured Loans

Borrow smart. Use money in your share savings account as “pledged” collateral for a loan. Since it’s fully secured by the amount you pledge, the loan’s pledged funds update as you make payments, freeing up that money for use. Once you pay off your Share Secured Loan, your pledged amount is released and the loan is unsecured.

• Low APR¹ of 3% above share savings rate with full pledge²
• Terms up to 60 months
• Helps build or re-establish credit and improve your credit score
• Full security required (e.g., $1,000 from share savings account for $1,000 loan)
• Apply via digital banking, over the phone, or in person

Like our Share Secured Loan, pledged money in your share savings account serves as collateral. The difference: This loan is only partially secured. As you make loan payments, the pledged amount updates. Once the loan is partially repaid, your pledged shares are gradually released. By mid-loan term, they’re fully released, and the loan is unsecured.

• Only partial security required (e.g., $500 from share savings account for $1,000 loan, with balance unsecured)
• Loan amount varies based on share savings balance
• Competitive APR¹ of 2.00% below qualifying unsecured rate with partial pledge²
• Terms up to 60 months
• Apply via digital banking, over the phone, or in person