A Share Savings Secured Line of Credit is secured 100% by your CoAFCU Share Savings Account. It is a convenient loan option to use while you continue to earn dividends on your savings as collateral. Payment is 3% of cycle ending balance.
Certificate Loans are secured 100% by your CoAFCU Share Certificate. Use your Share Certificate as collateral for LOWER INTEREST RATES than a regular personal loan. Additionally, you continue to earn interest on your Share Certificate used as collateral.