Share Secured Loans
Share Secured Loans can be used for any purpose. They allow you to preserve your Share Savings Account or Share Certificate balance with MACCU while having funds available when you need them. Use a Share Secured Loan to buy a car, make a large ticket purchase, finance an education, or for any other purpose at one of the Credit Union’s lowest rates and continue to earn our high dividend rate on your account. Your options are endless.
How It Works
You can apply and be approved up to the amount currently available in your Share Savings Account. Once the loan is funded, the amount of loan is put “on hold” in your account. You continue to earn interest on these funds. As you repay the loan, the funds in your Share Savings Account are released, until the loan is paid in full. Simply apply here or give us a call. Your funds could be on their way to you today!