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.

Income Protection Loan 

  • First payment due within 90 days
  • Loan amount based on monthly net income
  • Maximum loan amount $2,500  
  • Maximum term is 24 months
  • One Income Protection Loan per borrower
  • Must be a member in good standing for six months or longer

Payment Example : Pay $43.88 per month per $1,000 borrowed at 5.00% APR for 24 months.

Interest Rate

Income Protection Loan

Fixed Interest Rate
5.00% APR


Personal Loan

  • Low, fixed interest rate
  • No annual fee
  • Repayment terms up to 48 months

Payment Example : Pay $31.80 per month per $1,000 borrowed at 8.99% APR for 36 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 Online Banking

Payment Example : $50 minimum or 3% of balance, whichever is more.

Share Secured Loan

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

  • Low, fixed interest 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.

Interest Rates

Personal Loan

Personal Line of Credit

Share Secured Loan

Fixed Interest Rate
8.99% - 17.99% APR

Variable Interest Rate
10.50% - 18.00% APR

Fixed Interest 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 interest rate based upon the dividend rate being paid on the shares securing the loan at the time that the loan is made