Cash Secured Loans

Save interest by borrowing against your MCCU Savings Account or a Certificate of Deposit (CD) at a very low rate. The funds in the account will be used as collateral and you can borrow up to the available balance in the account.*

Benefits of Secured Loan:

  • Low loan rates
  • Terms to meet your budget
  • Funds secured in your account continue to earn dividends and may be released as the loan principal is reduced through payments
  • Ideal for building credit or making purchases without using savings
*IRA Certificates are not available for cash secured loans

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