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Share Secured Loans

As of April 1, we are no longer accepting LGFCU loan applications as we ready LGFCU members to move to Civic in June. Don’t worry — we got you covered with loans from Civic.

We’re phasing out LGFCU loan applications as of April 1 as part of the process to get members ready to move to Civic in June. But you won’t have to go elsewhere for loans after March 31 — we’ll waive the $25 minimum share deposit needed to join Civic from April 1 —June 1. 

Rates

Loan terms

24, 48 or 120 months

APR: Annual Percentage RateAPY: Annual Percentage Yield

Share Secured Loans

You don't always have to use your savings when you need funds for a short term. Consider the LGFCU Share Secured Loan. This loan allows you to borrow money and use your Share Account as collateral.

Features and terms

  • Your Share Account is held as collateral to secure the loan.
  • When the loan is paid off, the hold is released.
  • You continue to earn dividends on your Share Account during the term of the loan.
  • Three terms available
    • Fixed rate for up to 24-month terms
    • Fixed rate for 25- to 48-month terms
    • Variable rate for 49- to 120-month terms
  • Lending is limited to residents of North Carolina, South Carolina, Virginia, Georgia and Tennessee.
 
LGFCU member Emma T.
I’ve been a member of LGFCU for 28 years. I really appreciate how the Credit Union has low interest rates for credit cards and personal loans.
Emma T. Southport

Next Steps

Choose a way to request the Share Secured Loan that’s right for you.

Your resources: Loan Information Checklist

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