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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 feesSaves money
Competitive fixed interest rateSaves money
No pre-payment penaltiesSaves money
Payments may be made via Payroll Deduction, automatic payments, iTalk, Online Banking or by phoneConvenient
Maximum term is five (5) years Affordable
Funds may be advanced without signature once disclosure is in the filePeace of mind, convenient
Funds can be used for a variety of purposesPeace of mind
Member’s Choice™ Borrower Security makes your loan payment in the event of an emergencyPeace of mind, flexible
Access to account information in person, by mail, iTalk and Online BankingConvenient
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