Have you ever wanted to buy something but were reluctant to pull money from savings? Perhaps you're reluctant because you're not sure you'll put the money back in savings. Everyone wants to be sure there's something set aside for a rainy day. We're here to help! We offer share-secured loans at a low interest rate.

What's a share-secured loan?

A share-secured loan is a loan that is guaranteed by your funds in savings. You can borrow up to the maximum in your savings account for any purpose you want, and it won't take more than 10 minutes to get the loan at any of our offices.

Share-secured loans are offered at 3% above the third tier of regular dividends as set for the previous quarter. The interest is variable. For current rates check with a credit union representative.

This means you'll never pay more than 3% for the loan, because the interest you earn on your savings account will offset everything but the 3%. Now that's a low rate loan! And, your savings will be intact when the loan is paid off--provided you don't make withdrawals during the interim.

Contact a credit union representative for more information at 801-237-2898.