SHARE SECURED LOANS
Unlock Borrowing Power with a Share Secured Loan
What Is a Share Secured Loan?
A share secured loan is a type of loan where the money you borrow is backed by the funds you already have in your savings or share account with Ft. Randall FCU. By pledging your shares as security, you can qualify for lower interest rates and flexible terms because the risk to the credit union is reduced. This makes it easier for you to borrow with confidence and build your credit history responsibly.
Who Can Benefit?
Young Adults Starting Out: If you’re new to credit, a share secured loan helps you build a solid credit history while minimizing financial risk.
Members Rebuilding Credit: If you’re working to improve your credit score after past challenges, this loan offers a practical way to rebuild with manageable terms.
Anyone Seeking Flexible Financing: Whether you need a small loan for a planned expense or want to consolidate higher-interest debt, a share secured loan is a smart, secure choice.
Getting Started Is Easy!
Applying for a share secured loan is straightforward. With your savings account as collateral, you can unlock borrowing power without risking your financial security. Plus, building credit through a share-secured loan opens doors to future borrowing opportunities, including personal loans, credit cards, or even a home equity line of credit.