A Share Secured Loan is secured by the balance in any member's Share Account or Term Share Account. The balance in the pledged account must be equal to or greater than the out-standing balance on the Share Secured Loan.

 

The interest rate on the Share Secured Loan is 2.0% above the annual percentage rate of the account which is pledged as security.

 

For details, please call the Credit Union at 302-328-7612.