Share Secured
The loan is 100% secured by pledged shares
- APR = Annual Percentage Rate
- Maximum amount - Amount in the Regular Share Account
- Maximum Term - 120 months
- Interest Rates:
|
Term |
Rate |
| 24 months | 2.50% APR above previous quarter dividend rate for regular shares |
| 60 months | 3.00% APR above previous quarter dividend rate for regular shares |
| 120 months | 3.50% APR above previous quarter dividend rate for regular shares |
Share Certificate Secured Loan
The loan is 100% secured by a Credit Union Share Certificate.
- Maximum amount - Amount of Share Certificate
- Maximum term - 120 months
- Interest rate - 1.5% above the certificate rate
