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Surprises come in all sizes such as medical expenses, home furnishings, weddings or vacations. A Personal Loan or a Personal Line of Credit can be a cash reserve for such expenses. You can also conserve your savings by utilizing a Share Secured loan that is secured by your share savings account.

Personal Loan

  • Low, fixed interest rate
  • No annual fee

Payment Example : Pay $25.38 per month per $1,000 borrowed at 10.00% APR for 48 months.

Personal Line of Credit

  • No annual fee
  • Low, variable interest rate(1)
  • Credit limits up to $30,000(2)
  • Use for overdraft protection(3)
  • Additional advances accessible through Call 24 or Internet Banking

Payment Example : Pay $26.35 per month per $1,000 borrowed at 12.00% APR for 48 months.

Share Secured Loan

A Share Secured Loan is a loan conveniently secured by your existing Share Savings Account

  • Low, fixed rate with predictable monthly payments
  • Secured by your existing Share Savings Account(4)
  • Interest rate is based on the dividend rate you earn on your existing Share Savings Account plus a margin of 3%(5)
  • Your Share Savings Account continues to earn monthly dividends
  • Maximum loan amount equal to amount in Share Savings Account
  • Term up to 60 months
Payment Example: Pay $22.14 per month per $1,000 at 3.00% APR for 48 months.

Rates

Personal Loan Personal Line of Credit Share Secured Loan
Fixed Rate
10.00% - 18.00% APR		 Variable Rate
12.00% - 18.00% APR		 Fixed Rate
Dividend Rate + 3.00% APR
Actual interest rate will be provided upon approval of a completed loan application

(1)The Annual Percentage Rate (APR) is based on the following formula: the highest commercial prime-lending rate of interest as correctly published in the Wall Street Journal, Western Edition, on the most recent publication date prior to the first day of the quarter, or index plus a margin. The index, margin and APR will be disclosed to you when the loan is approved.  Maximum interest rate is 18.00% APR.

(2) Based on borrower's credit worthiness and membership in good standing. Other restrictions may apply

(3) Minimum transfer for overdraft protection is $200.00

(4) Not available on Share Money Market Accounts

(5) Fixed rate based upon the dividend rate being paid on the shares securing the loan at the time that the loan is made

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