Share Secured Loans

Our Share Secured Loan allows you to borrow against your savings, while still earning dividends on your money.

Features:

• Qualify for our very lowest interest rate if you pledge** funds from your MITFCU Savings Account or Share Certificate(s)
• Borrow between $500 and the total of your funds on deposit with MITFCU
• Various terms available
• Balloon payment option available
• Finance a new loan or refinance one you currently have with another lender
• Make your monthly payments by check, payroll deduction, or automatic withdrawal
• Optional additional coverages include Credit Life Insurance and Credit Disability Insurance

**"Pledging" means you may not withdraw the pre-specified amount until your loan is repaid in full. In some cases, the Credit Union may agree to release all or part of the pledged amount before it is fully repaid.

*Please click here for additional information and disclosures.

Benefits:

• Enjoy even lower rates than our product-specific loans offer
• Can be used for just about any purpose
• Guarantees you won't spend your savings, as you may not withdraw the pledged amount until your loan is repaid in full
• Continue to earn dividends on your pledged funds
• Convenient payment options
• Smart Money Rewards members receive a 0.25% Annual Percentage Rate discount

Apply Today!

If you'd like to open a Share Secured Loan, please complete our easy online application. We also offer a printable application if you'd prefer this method. Documentation - Please send us a copy of a recent pay stub, W-2, or income tax return for income verification purposes.