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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.
Financial Papers on Table

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.

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