Whether you’re looking to finance a big life event, make improvements to your home, cover unexpected expenses or consolidate your debt, the credit union can help you save money with lower rates and fewer fees.
Our lenders make decisions locally – right here in Greenville – and our goal is to help you find the smartest ways to save money and simplify your finances.
Based on your credit history and financial situation, we can help you get a loan when needed.
A share secured loan uses the funds in an interest-bearing account—a savings account or certificate of deposit (CD)—as collateral. When you apply for a share secured loan you agree to pledge that money to the credit union while you repay the loan.
When the share secured loan is approved, you receive the funds for the loan from the credit union, but the amount in your savings account or CD that is pledged as collateral becomes unavailable for withdrawals. You then make fixed monthly payments to repay your loan depending on the terms of your loan. As you make payments, the amount pledged as collateral reduces – becoming smaller and smaller until the loan is completely repaid and all the pledged funds are released.
A share secured loan typically has fewer requirements, a better rate than non-secured loans or credit, and offers a great way to improve your credit score as you make on-time payments.
Debt Consolidation
Make Bi-Weekly Payments
Meet a Debt Payoff Goal
How Long Will It Take to Pay Off a Credit Card?
Use a Lump Sum to Pay Down Debt
Are Credit Card Balance Transfers Worth It?
Increase Your Monthly Payment
Calculate a Loan Payment
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