Savings Secured Loans

Make your savings work for you. When you use your USUCCU share account or certificate of deposit as collateral, you can borrow against the amount you have on deposit. This is a low interest loan. Interest rates on savings secured loans are the lowest that the credit union offers.

This type of loan can either be set up for a twelve-month term with a fixed rate or you can have the flexibility of a revolving line of credit with a variable rate. You can determine the amount to pay on the line of credit each month, subject to a minimum payment. It’s almost like paying yourself back.

And remember, Credit Union loan officers don’t work on commission, so you know your best interest is the Credit Union’s only interest!