Secured Loans

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.