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
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Lending is limited to residents of North Carolina, South Carolina, Virginia, Georgia and Tennessee.
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.
Your resources: Loan Information Checklist
