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Funds may be pledged from your Primary Share or Share Certificate account to secure a loan. When money is pledged on an account a "hold" is placed on the money. This "hold" prohibits withdrawals.
Why would I borrow against my savings?
Borrowing against your available savings allows your account to continue to earn dividends while reducing your finance charge to a minimum.
Who would benefit from this kind of loan?
Members seeking the lowest rate loans. Members needing to establish or rebuild credit. Members requesting early CD withdrawals.