Savings Secured Loans
If you’re looking to establish or build your credit – or would rather make payments on a big purchase and leave your savings where it is – consider a Savings Secured Loan. You can borrow against money held on deposit in your ProMedica Federal Credit Union Savings or Certificate account. Plus, your savings will continue to earn dividends.
Features & Benefits
When you leverage the balances of your ProMedica FCU savings accounts to secure a loan, you unlock greater borrowing options to meet life’s demands.
- Low rate
- Easy application process
- Quick loan turnaround time
- Amounts up to 100% of funds held in your PFCU Savings or Certificates account
- Parents may use their savings as collateral for their child’s loan.
- No approval necessary
- Payroll deduction makes it easy.
Ready to Apply?
Gather and provide the following documents when you apply for your secured loan:
- Driver’s License, U.S. Military, or other state-issued photo identification
- Recent paystub, W2, and/or filed and signed tax returns (for self-employed individuals)
Fax documents to 419.471.1837.
