Share and CD Secured Loans
At Scott & White Employees Credit Union, our Share and CD Secured Loans make it easy to borrow using your own savings as collateral. Whether you’re building credit, covering expenses, or planning for a large purchase, a secured loan lets you access funds while keeping your deposits safe and growing.
What Is a Share or CD Secured Loan?
A Share Secured Loan or CD Secured Loan is a type of loan backed by the money you already have on deposit at SWECU. By using your Savings Account or Share Certificate (CD) as collateral, you can borrow against your balance without withdrawing your funds.
Benefits of a Share and CD Secured Loan
When you choose a Share/CD Secured Loan, you’ll enjoy several key advantages that make borrowing more affordable and manageable:
Great Rates: Enjoy lower interest rates than most unsecured loans
Flexible Terms: Choose long repayment terms that fit your budget
Borrow With Confidence: Access up to 100% of your deposit balance
Build or Rebuild Credit: A secured loan is a smart way to establish or strengthen your credit history
Peace of Mind: Credit Life and Disability coverage available
How Do Secured Loans Work?
Getting started with a Share/CD Secured Loan is simple. Here’s how the process works from start to finish:
Use your savings or certificate of deposit as collateral.
Borrow up to the amount you have on deposit.
Make monthly payments while your savings continue to earn dividends.
Once repaid, you keep your savings intact—plus the credit you’ve built.
Our credit union experts are always here to guide you every step of the way.
Apply For a Share/CD Secured Loan at SWECU
Applying is simple. As a member of Scott & White Employees Credit Union, you can get started today with quick approval and personalized support.