Secured LOC
A secured line of credit uses your vehicles, boats, motorcycles or RVs as collateral against a line of credit. Rates are low, and payments are based only on the amount you borrow, and are 2% of the current loan balance, making them very affordable. It’s an easy and convenient method to have money when you need it.
| 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 may be advanced without signature once disclosure is in the file | Peace of mind, convenient |
| 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, flexable |
| Access to account information in person, by mail, Telephone Teller and Online Banking | Convenient |
