Share Secured Loans

Our Share Secured loan is available for when you need funds but don't want to deplete your savings.1 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 dividends on this share account during the term of the loan.

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Loan Specifications

  • Fixed rate of % APR2 for terms up to months Calculate Payment
  • Fixed rate of % APR2 for terms of 25-48 months Calculate Payment
  • Variable rate3 of % APR2, 4 for terms of 49-120 months Calculate Payment
  • Maximum term of 120 months (10 years)
1 Members must be 18 years of age or older to be eligible for lending services. Lending is limited to residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia.
2 APR = Annual Percentage Rate. APR is your cost over the loan term expressed as a rate.
3 The variable APR cannot increase by more than 1% each quarter over the previous quarter and cannot exceed 18%.
4 The variable 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 0.25%. This product is subject to a minimum index of 4.75%. The loan margin is 2.00%.