The Share Secured loan allows you to use funds already in your credit union account, that are converted to a Secured Share Savings account and pledged as collateral to your loan. This loan is a great option when you want to keep your funds in the credit union earning interest, but need use of the funds for any reason. The rate that you pay back on the loan will be two percentage points over the rate the secured funds are earning n the Secured Share Savings account.

• Share Secured Loan Example: Earning 0.15% in a Share Secured Savings Account you could borrow up to the amount in that account at 2.15% (the Share Secured Savings Account is pledged for the same dollar amount and term as your loan but gives you the convenience of re-availability of the funds as the loan balance is paid down).