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