Share Secured Loan

The perfect loan for first-time borrowers

Great for those borrowing for the first time or trying to repair their credit history, a Share Secured Loan allows you to borrow at competitive low rates with convenient repayment terms because you use your savings (either share or certificate) as collateral. No credit qualifications are required, and members can use a Share Secured Loan to establish a good credit history.

Your savings remain intact throughout the term of the loan, and you will continue to receive dividends. As payments are made on the loan, funds are released in the savings account.

Minimum Loan Amount


Open to

PFCU Members age 18 or older

Costs and Charges

3% above current rate earned on shares or certificate pledged


  • If the loan is secured by a certificate, the term of the loan cannot exceed the maturity date of the certificate.
  • Funds for the loan must have been in your account generally for 15 days.
  • Share Secured Loans are not available on IRA certificates, IRA Shares or Checking accounts. 
Apply or Continue an Application for a Share Secured Loan
Refer your Friends
National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.