OTHER SECURED LOANS

Secure Financing Tailored to Fit Your Needs

What Are Other Secured Loans?

Other secured loans use an asset you already own as collateral to back your loan. This could be a savings account, certificate of deposit (CD), or another valuable asset held with Ft. Randall FCU. Using collateral reduces the risk for both you and the credit union, often resulting in lower interest rates and more favorable loan terms.

Person calculating money.
line icon for other secured loans

Benefits of Choosing a Secured Loan:

Lower interest rates

Flexible Loan Terms

Build or Rebuild Credit

Simple Application Process

Person handing another person cash.

How does it work?

Choose Your Collateral

Select an eligible asset to secure your loan, such as a savings account or CD held at Ft. Randall FCU.

Loan Approval

We evaluate your application with your collateral in mind, helping you get a competitive rate and terms that work for you.

Flexible Repayment

Set up a payment plan that fits your financial situation, including options for automatic payments or payroll deductions.

Use Your Loan Funds

Once approved, the loan amount is yours to use as needed—whether for personal expenses, home improvements, or other financial goals.

Ready to Secure Your Loan?

If you’re looking for a loan option that combines flexibility, security, and competitive rates, Ft. Randall Federal Credit Union’s Other Secured Loans might be the right fit. Contact us today to learn more or stop by one of our branches to speak with a loan officer about how we can help you reach your financial goals.