Share Secured Loans in Vermont
Borrow against your own savings while continuing to earn dividends. Ideal for building credit or accessing low-rate funds without liquidating your savings.
Overview
What is a Share Secured Loan?
A Share Secured Loan allows you to borrow against your existing Share Savings or Certificate account without withdrawing your funds. It’s a smart option for anyone looking to access credit without sacrificing savings while still earning dividends on the secured balance.
Don’t want to use your savings as collateral? Learn about our Unsecured Personal Loans with fixed rates and no assets required.
How it Works
You can be approved up to the amount currently available in your savings or certificate. Once the loan is funded, that amount is “frozen” in your account as collateral. As you repay the loan, the funds are gradually released—while still earning dividends the entire time.
Today’s Rates
All Rates Effective April 1, 2025
Secured Loans
Term | APR | |
|---|---|---|
| Share Secured | up to 60 months | Div. Rate + 2.50% |
| Certificate Secured | up to 60 months | Div. Rate + 2.50% |
APR = Annual Percentage Rate
Rates are subject to change
NMLS #409405
Member-Focused. Locally Rooted.
Use Your Savings and Keep Earning on Them
A Share Secured Loan gives you flexibility and confidence to borrow without draining your accounts.
loan Benefits
Smart Borrowing Backed by Your Own Funds
Keep Earning While You Borrow
Your savings remain in your account and continue to earn dividends throughout the life of the loan.
Lower Rates Than Unsecured Loans
Because the loan is secured by your own funds, it typically qualifies for one of our lowest rates.
Flexible Use
Use it for anything—education, large purchases, or building credit—while preserving your savings.
Easy Repayment & Early Payoff Options
Pay off at your own pace or ahead of schedule with no prepayment penalties.
Frequently Asked Questions
Have Questions? Let Us Help!
Banking Services
Bank Smarter With The Right Tools
From budgeting tools to fraud protection, we’re here to help you feel confident and in control of your finances.
More Than a Member
As a member-owner, you’re doing more than banking. You’re building a better financial future with a credit union that puts you first.
Testimonials
Hear From Our Members!
Real stories from real people who’ve found their financial home.
As a self-employed business owner, 802 Credit Union has always offered me support and has really gone the extra mile to ensure my business banking needs are met. Their free business checking account and the ease of adding a d/b/a was a flawless experience.
Robert
Brattleboro, VT
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