Keeps savings intact and growing...

Money on deposit at the credit union can be used to secure a loan at a very favorable rate. The loan balance is frozen in your share or certificate account. Dividends continue to accrue and compound but funds cannot be withdrawn during the term of the loan. Your loan rate will be 3.5% above the dividend rate (with a minimum interest rate of 6.5% APR). The variable loan rate adjusts based on rate changes that may occur on the account securing the loan. A Share Secured loan can be very helpful if you need funds fast and can save you the hassle and penalty of prematurely closing a Silver Share Certificate.

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