We call it a signature loan because that’s all it takes to apply. No collateral is required, just your signed promise to repay the loan.
This loan is for members who don’t yet have any credit history.
If you or anyone in your family needs financial assistance for college, remember that your credit union has money to lend.
Your Share Savings or Share Certificates can provide you with collateral for a loan to get you one of our lowest rates. The savings pledged as collateral must remain deposited equal to the current balance on the loan.
A declining hold will be placed on funds used as collateral and is reduced as the balance of the loan is paid down. A Certificate-Secured Loan must be paid back by the time the certificate matures.