Share-Secured loans offer a great way
to borrow at a lower interest rate without dipping into your hard-earned
savings:
Your Shares are used as collateral with no loss of accrued dividends
The 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 Certificate Account deposits may be used to
secure this loan
At the end of the loan term... you’ll still have your savings!
ESOP, 401K and IRA funds are not eligible to be used as collateral.
NOTE: If you withdraw Shares before the first of the next month,
YOU LOSE all the dividends for the current month. Plus, it’s
difficult to replace those savings once they’re withdrawn.
That’s why it’s a smart option to secure a Share loan
with the funds in your account instead.
For complete costs, terms and details, please contact a PFCU
Loan Officer at (800) 765-4527.
