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Share Secured Loans

Just the loan for you

New to AFFCU? Join and apply. Members can apply now.
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  • How does a share secured loan work?

    A share secured loan offers low rates, flexibility, and quick approval. Here’s how it works: you use your existing AFFCU share certificate or savings as collateral for your loan. Continue to earn interest and leave your savings untouched, while still having extra cash at hand. Plus, you won’t need to bother with a credit check or lengthy approval process.

     

    Already applied?

     

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    • Quick approval; no credit check required
    • The lowest rate with flexible payment options
    • Borrow up to 100% of your account balance
    • Great for building or repairing credit
    • Learn About Credit Insurance

    "With the expert help of the credit union representative, I was able to make my dream a reality and I can’t thank AFFCU enough.”

    John Hooper, member since 2014
    New to AFFCU?

    You can get started here.

    Join & Apply

    FREE Emergency Savings Interactive Lesson

    Emergencies happen. Building an emergency savings account that is dedicated to handling the unexpected is important.

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    FREE Budgeting For Families Interactive Lesson

    Budgeting and planning family finances are key to controlling spending and planning for a healthy financial future.

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  • Type Share Secured Rate

    Rates Effective as of: 12-07-2021
    Term Rate Monthly Payment1
    6 to 60 months 1.5% above the pledged share APY $17.35

    Subject to change at any time without notice. Membership eligibility required.

    1 Monthly payment is based on payment per $1,000 for the maximum term and rate shown above. For share secured loans, the estimated monthly payment per $1,000 borrowed at 1.6% (1.5% above the pledged share APY which is currently .10%) for 60 months is $17.35

    Monthly payment required.



  • Share Secured Loans

    Debt Consolidation Calculator

How can we help you succeed?

  • What would you like to borrow for?
    • A home
      • Sounds great. We offer Mortgage Loans at great prices, as well as refinancing options.
    • A vehicle
      • Cool! Are you looking for a regular car, or something a little more adventurous?
        • Something adventurous
        • A regular car is fine with me
          • Sounds good! We have low rates available for both new and used
            Auto Loans. We can also Refinance your current loan with another institution.
    • An education
      • Right on! We have Student Loans available through our trusted partner, Sallie Mae.
    • Something else
      • Terrific! We offer Personal Loans for any need, including weddings, vacations, and debt consolidation.
    • I’m mostly interested in a credit card
  • What would you like to save for?
    • The holidays
    • I’d like to open a savings account for my child
      • Great idea! We have several Youth Savings accounts available, depending on your child’s age.
    • Something else – and I’d like to earn a good interest rate
      • Do you have some money saved up already?
        • Yes, quite a bit
          • Nice! Are you okay with leaving your money untouched for a while?
            • Sure
              • Great! We think you might like one of our Share Certificates. You agree to leave your money untouched for a while in exchange for a higher interest rate.
            • I’d prefer to make withdrawals when I need to.
              • Sounds good. Check out our Rewards Checking account or Money Market account. These accounts are a little more flexible, but still get you a higher rate.
        • Not much
          • No worries. Once you open a Regular Savings account, you can open secondary accounts for whatever you need, including college, rainy day funds and more.
    • I’d prefer just a basic savings account
      • Ok! Our Regular Savings sounds just right for you. It also secures your AFFCU membership.
  • What would you like help with?
    • Accessing my accounts
      • Okay, how would you like to access your accounts?
        • Online
          • Ok! Is this is your first time using Online Banking?
            • Yes
            • No
              • Great. To access your account, simply click “Login” in the upper right hand corner of the page.
        • On my mobile device
    • Opening a checking account
      • Great! We have several options available, so head over to our Compare Checking Accounts page to figure out which is right for you.
    • Signing up for eStatements
      • Cool! If you are already signed up for and using our online banking service, all you need to do is click on the eStatements tab (in the blue menu bar) to start enrolling.
    • Running my small business
      • Good for you! Our partner Newtek offers a variety of services to help you manage your small business, including payrolls services, payment processing, and web design.
    • Getting insurance