Share Secured Loans

A Parsons Federal Credit Union Share Secured Loan is a great way to borrow at a low rate using the balance in your PFCU savings account as collateral.

Your Shares are used as collateral with no loss of accrued dividends – You continue to earn dividends on the funds in your account!

• The loan interest rate is 3% above the rate paid on shares used as collateral
• The loan interest you pay is offset by the dividends your Shares continue to earn
• Regular Share or Fixed Rate Certificate Account deposits may be used to secure this loan
• Maximum loan term is 60 months
• At the end of the loan term... you’ll still have your savings & dividends
• ESOP, 401K and IRA funds are not eligible to be used as collateral

For complete terms and details, please contact a PFCU Loan Officer at (800) 765-4527.

If you have applied for a PFCU Consumer Loan in the last 12 months and have not moved or changed employers, click here to apply. Otherwise click the Apply for a Loan button below.

Click here for our loan payment calculator