Share Secured Loan

A first-rate opportunity for first-time borrowers.

Get the money you need while building up your credit score.

Taking that first step - or the next step - up the ladder to a better credit rating isn't always easy. We have a good solution. Using your savings as collateral, you can borrow money at a competitive rate for repairs, purchases or anything else. On-time payments are likely to move your credit score in a positive direction.

• Designed for borrowers seeking to build a credit history or repair their credit rating
• Minimum loan of $250
• Maximum loan depends on amount in your Philadelphia Federal Credit Union Share or Certificate accounts
• Low rate of just 3 percentage points above rate on Share or Certificate account
• Schedule convenient automatic loan payments through Direct Deposit, EZ Pay or automatic transfers from your checking account
• If the loan is secured by a Certificate, the term of the loan cannot exceed the maturity date of the certificate
• In general, funds securing the loan must have been in your Share or Certificate account for at least 15 days
• Share Secured Loans cannot be secured with funds in IRA Certificates, IRA Shares or Checking accounts 

Philadelphia Federal Credit Union is a full-service financial institution with locations in Philadelphia and Columbia County, PA.