Looking for an inexpensive option to borrow?  Need to re-build credit?  A Share or Certificate Secured Loan is a great option!  Here’s how it works:

  • Use funds in your share (savings) account or CD as collateral for your loan
  • Funds in your share account/CD are frozen and loan is disbursed at a great low rate
  • As you repay the loan, your share account/CD funds become unfrozen
  • Your deposits continue to earn interest!

Questions on how Secured Loans work?  Give us a call at 914-526-4015, extension 4

*All Share and Certificate Secured Loans are for qualified borrowers.

 

Share Secured & Certificate Secured Loan Rates

Maximum Loan Amount cannot exceed 100% of pledged account balance. All Share and Certificate Secured Loans are for qualified borrowers.

*APR = Annual Percentage Rate. All rates subject to change without notice and are for qualified borrowers. Complete loan details are available at the credit union.

** IRA Certificate Accounts are excluded as collateral for Certificate Secured Loans.

Info and/or TermsAPR*
Shared Secured
$300 Up to $250,000
Up to 36 months
as low asShare Rate +3.00%
Shared Secured
$300 Up to $250,000
Up to 72 months
as low asShare Rate +4.00%
Shared Secured
$300 Up to $250,000
Up to 120 months
as low asShare Rate +5.00%
Certificate Secured**
$300 Up to $250,000
Certificate Term
as low asCD Rate +3.00%

 


 

Related Services

Wealth-Management
Checking
money-market