Stanwood Area FCU offers Share Secured Loans in which your savings deposits (share accounts and share certificates) with the Credit Union may be used as collateral to secure a loan. You may borrow up to 100% of the available balance in your share account or share certificate.
With a Share Secured Loan you have the benefit of a lower interest rate. As your payments are made, your secured shares are released. A Share Secured Loan is fast easy to obtain. It’s a great way to borrow while still saving. Plus your shares still earn dividends.