Share-Secured Loans
Borrow against your own savings
Pledge the balance in your share account and borrow against it at 3% over the share rate. Your savings keep earning, and every payment builds credit history.
The lowest-risk way to build credit history
Because your own funds secure the loan, approval does not depend on your credit score. That makes it the one loan almost anyone can get, and it reports to all three bureaus.
3% over the share rate
With shares earning 0.75% APY, the loan costs 3.75% APR. Your true cost is the 3% spread, because the pledged balance keeps paying you dividends.
Reports to all three bureaus
Payment history is the single largest input to a credit score. Twelve months of on-time payments on a small share-secured loan builds a record that nothing else builds faster.
Your savings keep earning
The pledged balance is frozen, not withdrawn. It continues earning dividends the entire time the loan is outstanding.
No credit score minimum
There is no score requirement and no income test. The collateral is money we already hold, so the underwriting question is simply whether you have the balance.
Funds the same day
Most share-secured applications are approved in minutes because there is nothing to verify. Funds land in checking the same business day.
Funds release as you repay
Each principal payment unfreezes an equal amount of your savings, so your available balance grows back month by month.
Why it works
Keep the savings, get the credit
Members often reach for a card when an expense lands, then spend a year at 22% paying it down. If you have $4,000 in savings and need $3,000, a share-secured loan costs roughly $50 in net interest over a year, leaves your emergency fund intact, and adds twelve on-time installment payments to your credit file.
Rates and sample payments
The share-secured rate is always 3% above the current share dividend rate, so it moves only when the share rate moves.
Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
How to set one up
Most members finish in a single visit to online banking.
Choose the amount to pledge
Pick a balance you will not need to touch during the term. That amount is frozen as collateral but continues earning dividends.
Pick a term and sign
Terms run from 12 to 60 months. There is no credit decision to wait on, so approval is usually immediate.
Pay it down on autopay
Set up automatic payments so nothing is ever late. Each payment reports to all three bureaus and releases an equal amount of your savings.
Common questions
Why borrow money I already have?
Two reasons. You keep your emergency fund intact instead of draining it, and you create an installment payment history that a savings withdrawal cannot create.
Can I access the pledged savings?
Not while it secures the loan. The frozen amount decreases as you repay principal, so a portion becomes available again with every payment.
What happens if I stop paying?
After the loan goes seriously delinquent we would apply the pledged shares to the balance. The delinquency would still be reported, so the credit consequence is real even though our loss is not.
How much can I borrow?
From $500 up to 100% of the pledged balance. Members rebuilding credit often borrow a small amount deliberately, since the benefit comes from the payment history rather than the size of the loan.
Is this the same as a secured credit card?
No. A secured card is revolving and reports utilization; this is an installment loan with a fixed payment and end date. Many members use both, because credit scores reward a mix of account types.
Can I use a share certificate instead?
Yes, at 2% over the certificate rate rather than 3%. The term cannot extend past the certificate's maturity date, and the certificate stays intact with no early withdrawal penalty.
Build credit without touching your savings
No credit score minimum, no fees, and same-day funding. It is the simplest loan we make.