Leverage Your Savings to Build a Stronger Financial Future
You’ve worked hard to build up your savings, and now that money can work even harder for you. If you need extra cash but don't want to empty your accounts, a Secured Loan lets you use your own savings or Share Certificates as collateral. It’s one of the smartest ways to borrow, allowing you to secure an incredibly low interest rate while keeping your principal nest egg intact and earning dividends.
Share Secured Loan
Who it's great for: Members who want to borrow cash against their Savings Accounts without interrupting their long-term saving habits.
The Details:
Pledge Dollar-for-Dollar: Pledge your savings funds in the exact amount of your loan.
Gradual Release: As you pay down your loan balance, an equivalent amount of your pledged savings automatically becomes available for you to use again in your Share Savings.
Eligible Accounts: Funds held in your Simply Smart Savings Share, Secondary Savings Share, etc. Clubs are fully eligible.
Stipulation: Your total loan amount may not exceed your available share savings balance.
Share Certificate Secured Loan
Who it's great for: Members who want to borrow against their fixed-term certificates while protecting their high-yield earnings.
The Details:
Fully Protected: Your loan is fully secured by pledging the funds held in your non-IRA Share Certificates.
Keep Earning: Your certificate remains untouched and continues to compound dividends for you.
Eligible Certificates: Any funds held in a standard, non-IRA Share Certificate are fully eligible.
Stipulation: Your loan term may not exceed the remaining term of your pledged share certificate, and the loan amount may not exceed the certificate's balance.
Why Choose a Secured Loan?
Experience the Smartest Way to Access Cash
No matter which path you choose, our secured lending options are designed to provide maximum value and peace of mind with these built-in advantages:
Immediate Approval: Because your loan is fully backed by your own funds, the approval process is virtually instantaneous.
Receive Money Quickly: Walk away with the cash you need in minutes.
Our Lowest Interest Rates: Enjoy significantly lower interest rates than you would with traditional, unsecured Personal Loans.
Continued Growth: Your pledged savings or certificates continue to earn dividends throughout the entire life of your loan.
Ready to Get Started?
We make the application process straightforward and stress-free. Take your next steps using our quick tools and contact channels:
Live Chat: Click the chat bubble on our website or Mobile App to open your share instantly with a representative!
Request Contact Online: Fill out a quick callback form and a team member will reach out.
Call Us: Contact our member team at (910) 577-7333 or (800) 225-3967.
Visit Any Branch: Stop by any local branch location and mention the Choice Money Market Share special!
