Shared Secured Loans
A share secured loan for your ministry may be the answer to your lending needs. The Credit Union gives ministries the option of borrowing against funds it currently has on deposit with the Credit Union, at excellent rates. Whether your funds are in a ministry savings account or a ministry certificate of deposit, you can rest assured you will have a very competitive loan rate. That will allow more money to be directed back to your ministry. Contact us for a free consultation with one of our Ministry Development Officers.
 
Purpose:
This program is ideally suited for:
Ministries that do not have
   real estate to collateralize
Short to mid term need for funds
Excellent alternative to
   unsecured loan
Terms:
Amortization: up to 10 years
Amount Financed: 100% of
  Savings Deposits
Amount Financed: 90% of Certificate
Benefits:
No Points or Fees
Fully Amortized
Lower rates than unsecured loans
Flexible amortization
No pre-payment penalty
 

 


   

 

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