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Share & Certificate Secured

Share & Certificate Loans

VIP Loans

Loan amounts up to $30,000.00 secured with shares equaling 1/2 of the original loan amount. Maximum term is six (6) years depending on balance.

The interest rate is as low as 5% above the highest share rate at the time the loan is made. This loan is eligible to be refinanced to a lower rate only when the principal balance has decreased to the original pledged amount.

Share Loans

Secured by 100% of the loan amount with your shares. Shares are released as principal is paid.

Interest rate is 2.50% above the highest regular share rate at the time the loan is made and may not be refinanced to a lower rate.

Maximum term is 5 years depending on initial balance, and the minimum payment is $100.00 per month.

Certificate Secured Loans

2.50% above the secured CD rate. The maximum term is the remaining term of the secured CD.

Please contact the Credit Union for more details on these loan types.

All branches will close Friday, April 19th at 2:00 p.m. in observance of Good Friday. Branches will resume regular hours on Saturday, April 20th.
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