Share Secured Loans
Put your money to work when you use your FECU Share Certificate as collateral for a loan. Your interest rate will typically be lower than most other types of loans; and you can continue to earn competitive dividend rates on the money in the certificate without taking a penalty for early withdrawal.
This is a great option for the borrower who has cash on hand, but needs to establish credit history. Just put the cash in a Share Certificate and take out a lower-interest loan.
- Maximum loan up to the value of the term share certificate
- Flexible terms available
- No pre-payment penalties