Secured (Collateralized) Loan
A secured loan uses your vehicle, boat, motorcycle or RV as collateral against a closed end loan. Rates are lower than a traditional unsecured loan and terms are flexible to repay the loan. This is a great option to consolidate debt and save money.
| Features | Benefits |
|---|---|
| No processing fees | Saves money |
| Competitive fixed interest rate | Saves money |
| No pre-payment penalties | Saves money |
| Payments may be made via Payroll Deduction, automatic payments, Telephone Teller, Online Banking or by phone | Convenient |
| Maximum term is five (5) years | Affordable |
| Funds can be used for a variety of purposes | Peace of mind |
| Member’s Choice™ Borrower Security makes your loan payment in the event of an emergency | Peace of mind, flexible |
| Access to account information in person, by mail, Telephone Teller and Online Banking | Convenient |
