Secured Loans

Secured Loans

A Great Option for First-time Borrowers, and to Build Credit

Finding the right loan for your needs is our top priority at Credit Union 1. By using your funds on deposit with us as collateral, such as money in your Savings Account or Share Certificate (CD), a Secured Loan can be a great option. A Credit Union 1 Secured Loan offers lower interest rates and is a great option for building your credit or making a purchase without dipping into your savings.

We allow you to use your money in a Savings or CD with us, as security to borrow at just 3% - 6% above your earnings rate1. Your savings will grow because it continues to earn dividends, and when the loan is paid off, you still have your nest egg.

  View Rates

A Credit Union 1 Secured Loan Offers:                                       

  • Low monthly payments
  • Affordable payments
  • No application fees
  • No first payment for 60 days2

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Call 800.710.7359


APR= Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. 1With a Share Secured Loan, the APR will vary with the market based on the dividend rate. With a Share Certificate Secured Loan, the APR is fixed for the term of the Certificate. 2Interest continues to accrue during deferral period.

Credit Union 1 is celebrating 65 years of helping individuals, families and communities reach their financial goals.