With a GCEFCU Share Secured Loan, your savings deposits in the credit union serves as collateral to secure your loan. It is a perfect way to borrow money and still keep your savings intact and earning interest for YOU! These loans have the lowest possible interest rate of any loan we offer.

The interest rate on these loans is only 3% above the dividend rate declared and paid on your current savings balance from the previous quarter for the year.

Terms on the loan are flexible. After each loan payment is made, the secured amount from your savings reduces and becomes available to you by the amount of principle that was paid towards the loan.

Best of all, the secured, pledged savings amount is earning interest for you over the life of the loan. Take advantage of a lower interest rate and keep your savings by making it work for you.

Contact us for any questions about our Share Secured Loans. Click here to begin the application process online.