Share Secured

You can use the funds in your savings account as collateral on a share loan. That means when an emergency comes up, instead of withdrawing the funds you can use your shares as collateral and when the loan is paid your Shares are still intact. Your shares continue to earn interest. When you have this type of loan your shares pledge reduces as your loan balance decreases. You can apply for the loan the following ways:

  • Use Web PAL II
  • Use PAL
  • Call the Credit Union for a Phone Loan
  • Stop in the credit union office

Click here for rates on share secured loans.