Share Secured Loans
The best loan rates available are offered on our Secured Loans. That’s because repayment is guaranteed by money on deposit at the credit union or stock holdings.
Regular Share can be used as collateral while they continue to earn regular dividends. Members have up to 36 months to repay a Share Secured Loan.
Certificate Secured loans enable members to borrow the 100% of the dollars on deposit in LCU certificates. Those certificates continue to earn dividends while providing collateral.
Rate for Certicate Secured loans is 3.00%APR above the certificate’s rate, with term amoritized to certificate maturity.