Use your Share or Share Certificate Accounts as collateral to secure low interest loans. Benefits are:
- Available immediately - no application to fill out
- Term - up to 12 years, you decide the length of the term
- Interest rate - only 2.5% above the dividend rate paid on the Share Account or Share Certificate
- Rate changes on Share Accounts are automatically adjusted on the loans
- Loans may be secured with the borrower's account, or with any other authorized account
- Maximum amount $100,000.00
Loans are secured up to the value of the securing instrument.
Loans secured by Share Certificates do not renew automatically.
For more information contact a loan representative.
SUAFCU never charges a pre-payment penalty, and interest is due only on the outstanding balance.