Savings-Secured Loan

Get money at an affordable rate

Our savings-secured loan provides you with a lower rate than an unsecured loan when you guarantee the loan with your savings balance or certificate account.

How does a savings-secured loan work?

  • Low variable rate (just 2% above the current dividend rate on shares)
  • Flexible terms for affordable repayment
  • Secure your loan against your savings balance or certificate account

We’re flexible in how you use it

  • Funds can be used for almost any purpose
  • No pre-payment penalty
  • No credit approval required

Current Rates*

Rates effective 11/01/2017
Type Term Fixed APR*
Shared Secured 60 months Rate of savings + 2.00%
Certificate Secured Maximum of Certificate Certificate rate + 2.00%

*Loans subject to credit approval. See current rates and terms. No down payment or collateral is required. The monthly obligation will be determined by the total loan amount and the term and interest rate of the loan. For example, the minimum payment for a loan with a 4.03% APR and 60-month term is approximately $18.43 per $1,000 borrowed.

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*HELOC: University Credit Union HELOC's have a 10 year draw period followed by a 10 year repayment period. Minimum line of credit is $5,000 with a $100 minimum advance. Fees will be incurred if HELOC is closed within 24 months of its origination date.  You may prepay you loan at any time without penalty.  In the case of Home Equity Line of Credit (HELOC), Equity Loan, or a no-fee first mortgage loan, we may require repayment of the hard costs if the loan is paid off within the first two years.

*Crimson Rewards Visa: Visit our Visa Rewards site to view the awards catalog or to learn more about the program rules and details.

Not a member of University Credit Union yet? Here are some reasons to join:

Member-owned - We’re owned by our members, so our only purpose is to serve you

Local to Utah - We care about, serve in, and invest in our local community

Loyal to You - The decisions we make are to serve you, our members, not a for-profit board

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