Secured Personal Loan

Build credit with a secured loan

Features & Benefits

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What is a Secured Personal Loan?

A secured loan means you must pledge collateral when you apply. For this loan, that pledge is a deposit in either a qualifying Share or Certificate of Deposit (CD).1

How does a Secured Personal Loan work?

The easiest way to think of a Secured Personal Loan is as a loan to yourself. For example, if you pledge $500 in a collateral deposit, you will receive a $500 loan in return. Your payment activity is then reported to the credit bureaus over the life of your loan. Once your loan is paid-in-full, your collateral deposit is returned to you.

Remember, unlike a traditional personal loan, a secured loan is meant to help you build credit, even if you have no credit or imperfect credit.

Rates, Terms & Payments

With rates low rates and flexible terms, you have options for finding the perfect monthly payment for your budget.

Share Secured Loan

Term Months APR1
Up to 36 3.00% above existing deposit rate
Effective Date: June 25, 2025
Membership eligibility required. 
1: APR=Annual Percentage Rate. Individual Retirement Accounts, Christmas Clubs, Money Markets and Checking Accounts cannot be pledged as collateral. Maximum loan amount 100% of share or certificate.

 

Certificate Secured Loan

Term Months APR1
Up to Certificate Maturity Date 3.00% above existing deposit rate
Effective Date: June 25, 2025
Membership eligibility required.
1: APR=Annual Percentage Rate. Individual Retirement Accounts, Christmas Clubs, Money Markets and Checking Accounts cannot be pledged as collateral. Maximum loan amount 100% of share or certificate.

Apply for a Secured Personal Loan Today!

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Membership eligibility is required. 
1: APR=Annual Percentage Rate. Individual Retirement Accounts, Christmas Clubs, Money Markets and Checking Accounts cannot be pledged as collateral. Maximum loan amount 100% of share or certificate.