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Open-End Unsecured Loans

One of the most flexible loans offered by the Credit Union is our variable-rate1 open-end unsecured loan. Unlimited subsequent advances from this credit line can be made without completing a new promissory note, and there is no set maturity date or repayment term. Advances may be made via Member Access, ASK SECU, your local branch or the Contact Center.

Perform a Loan Advance from an Existing Loan2  Request a New Open-End Unsecured Loan2
For an existing Open-End Unsecured loan, process a real-time loan advance below for immediate access to the funds: Below are 3 ways to request a Open-End Unsecured loan:

1. Request at your local branch. Loan Information Checklist
1. Perform via Member Access
2. Request via Member Access
2. Perform via ASK SECU Voice Response:
   (800) ASK-SECU or (919) 839-5400
3. Request with our Contact Center (open 24 hours):
    (888)732-8562 or (919) 857-2150


Open-End Unsecured Loan Specifications

  • % APR3, 4 for Payroll Deduction/Funds Transfer repayment
  • % APR3, 4 for Direct Pay
  • Can serve as overdraft protection for your SECU checking account
  • Minimum payment based on the principal balance.
  • Lending is limited to residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia


1 The APR cannot increase by more than 1% each quarter over the previous quarter and cannot exceed 18%.
2Loan must be pre-approved for online advances, in good standing, and accessible through Member Access and/or ASK SECU. To request your loan be made accessible through Member Access or ASK SECU, send a secure message via Member Access or call the Contact Center.
3 APR = Annual Percentage Rate.
4 The APR is calculated by adding the index rate to the loan margin. The index rate is the 26 week Treasury Bill Rate set at the first auction held on or after the 15th day of the second month of the previous quarter adjusted up to the nearest ΒΌ%. When the loan is repaid by Payroll Deduction or Funds Transfer, the loan margin is 4.00%. When the loan payments are made directly to the loan, the loan margin is 4.50%. The index rate cannot be less than 6.75%.

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*Quoted rates, dividends, annual percentage yields (APY) and rates (APR) are subject to change daily at the discretion of the Board of Directors.