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Share & Share Certificate Secured
You may make a loan against your own money by using your share or share certificate account as collateral. Even with the loan, you will continue to earn dividends. This loan is a great means to establish credit for the first time.
Features:
- Interest Rate = Fixed
- Share Accounts = 3.00% APY above the previous quarter dividend rate.
- Share Certificates = 3.00% APY above the certificate dividend rate.
- Maximum Term =
- Share Accounts = 24 Months with a Balloon Note Available.
- Share Certificates = Maturity equal to the Share Certificate Maturity with A Balloon Note Available.
- Maximum Loan Amount = 100% of the balance in your share or share certificate account.
- Collateral Secured: Share or share certificate accounts shall be pledged and shall not be drawn below the loan balance.
Application: Minimum Information is required, amount of loan request, applicants name, address, phone number, social security number, and date of birth.
Loan Approval: All loans are subject to credit approval and are based on current policies and procedures.
Loan Officers: We have 3 loan Officers Available to assist you with your lending needs.
- Cathy St. Aubin
- Lisa Dore
- Diane Lantier
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act