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.

⚠️ Fraud Alert ⚠️ Fake Check Scam: If you have received a cashier’s check that appears to be drawn on First Castle Federal Credit Union, do not deposit the check. Do not send any money that may be indicated in the instructions with the check. The cashier’s check may be a counterfeit cashier’s check. Contact us at (985) 867-8867 to report receipt of the check and to verify its authenticity. Do not call any phone numbers that came with the check. Save any form of evidence associated with the check (i.e. package label, letters, text messages).