Secured Loans

If you're building your credit or need money to cover expenses, you can borrow against your savings at Educational Systems FCU with a Shared Secured or Certificate Secured Loan.¹ Since you're using your savings as collateral, you'll pay a lower interest rate than those typically offered on credit cards or unsecured loans. Both loans allow you to continue to earn dividends on your savings while getting a competitive loan rate. We understand the education community, which is why we offer the Summer Skip Payment Option.²  

• Share Secured Loan: You can borrow up to the amount you have on deposit in your savings account for up to 120 months. The loan rate is your savings rate plus 3.00%. 

• Certificate Secured Loan: You can borrow up to the amount you have on deposit in your certificate account for up to the remaining term of your certificate. The loan rate is your certificate rate plus 3.00%. 

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¹ Applications are subject to credit qualifications and approval. Actual rate is based on your credit history. Must meet membership eligibility requirements.
² Interest will continue to accrue during July and August when payments are skipped. Once you make your loan payment in June, the loan due date will automatically advance to September.