Build your credit without the risk.
Whether you’re a first-time borrower or you’re looking to build credit, our Secured Loan is a great option to get the cash you need by borrowing against your deposit balance.
Secured loans1 are typically more accessible to borrowers with a lower credit score or limited credit history. The collateral mitigates some lending risks, making it easier to obtain financing.
Potential tax benefits
In certain situations, the interest paid on secured loans, such as mortgage or home equity loans, may be tax-deductible. Consult with a tax professional.
Lower monthly payments
Secured loans often come with longer repayment terms that result in lower monthly payments, making it easier to manage your cash flow and budget.
All Loans are subject to credit approval, not all members will qualify. If loan request is for over $5,000 and the Account is less than six months old, the funds must be on deposit for a minimum of 90 days prior to the loan.