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Share Secured Loans

The Credit Union Share Secured loan is available for members who are in need of funds but do not wish to deplete their savings. Your share account will be held as collateral for the loan, and once the loan is paid off, the hold is released. You continue to earn interest on this share account during the term of the loan.


3 Ways to Request a Share Secured Loan
  1. Request at your local branch Loan Information Checklist
  2. Request via Member Access
  3. Request with our Contact Center (open 24 hours): (888) 732-8562 or (919) 857-2150

Share Secured Loan Specifications

  • Fixed rate of % APR1 for up to month terms Calculate Payment
  • Fixed rate of % APR1 for 25-48 month terms Calculate Payment
  • Variable rate2 of % APR1, 3 for 49-120 month terms using Payroll Deduction/Funds Transfer repayment Calculate Payment (% APR1 for Direct Pay) Calculate Payment
  • Maximum term of 120 months (10 years)
  • Lending is limited to residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia



1 APR = Annual Percentage Rate.
2 The APR cannot increase by more than 1% each quarter over the previous quarter and cannot exceed 18%.
3 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 ¼%. When the loan is repaid by Payroll Deduction or Funds Transfer, the loan margin is 2.00%. When the loan payments are made directly to the loan, the loan margin is 2.50%. 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.