Other Loan Options

You may choose to secure a loan with funds you have on deposit in your Credit Union savings or certificate account. When you use shares to secure your loan, your savings continue to earn dividends at the current rate, and you benefit from our lowest loan finance rate.

For Personal Loans, we offer an option to establish a line of credit with a fixed rate, then borrow against that line as needed. You make regular monthly or bi-weekly payments based on the balance, and as your principal payment amount is paid down, you may again borrow up to your personal line of credit without making another application. Credit and rate updates are required every three years.

If you occasionally need extra cash for an emergency or a special purchase, you can apply for share draft loan protection. This coverage allows you to write a share draft (check) for the amount you need (up to a pre-approved limit). Any amount over your current balance automatically becomes a loan. It's a fast and convenient way to write yourself a loan.