Saving really does pay off, especially when you need a little wiggle room. At CU1 you can use your current Credit Union 1 savings or certificate account as collateral for a loan up to 90% of the balance in your account. Rates range from 3% to 4% over the dividend rate, and pledge of certificates are 2% over the dividend rate. Secured loans are a great credit-building and savings tool, since the money in your savings or certificate account will continue to earn dividends even though you have used that account as collateral for a loan.
There is nothing quite like the comfort of nestling into your own home and making it yours. If you have a home loan with Credit Union 1, you’re eligible to apply for a Personal Premium Loan and experience the comfort for yourself. This special homeowners loan can help finance new home furnishings, appliances or whatever you may need. Instead of paying sky-high interest rates on a credit card, the Personal Premium Loan comes with a flat APR of 6%. The loan amount may range from $5,000 to $20,000, with a minimum draw of $2,000.