Share or Certificate Secured

Share Certificate Secured Loan in Des Moines, IA

If you have a savings (share) account or certificate at the credit union, you may be able to use that as collateral for a Secured Loan. This type of loan is great if you are trying to build or rebuild credit, or just need some money but don't want to spend your savings. A share certificate secured loan is a type of loan that's secured by your savings account, money market account, or share certificate account. Your savings will continue to earn interest, which can offset the interest rate you may pay for the loan.

Share Secured
Share secured loans are a way for you to borrow while using your own savings as the collateral. Instead of using up all your savings to make a purchase, thus losing out on all future dividends and your emergency safety net, you're borrowing against that sum while your money stays in your account. This allows you to prepare for financial emergencies while still keeping your savings in place and secured. You may be able to borrow up to 100% of your savings account. The interest rate is 2.00% above the dividend rate of your savings account. Terms available up to 48 months.

Certificate Secured

A certificate secured loan is a loan provided through Financial Plus that is secured by the amount available on deposit in your share account. The funds are kept in the share for a specific period of time based on the loan’s terms. This is another way to be able to make purchases without losing any money you have set aside. You may be able to borrow up to 100% of the value of your Financial Plus certificate of deposit. The interest rate is 2.00% above the certificate rate and term matches the maturity of the certificate.


The best part about this type of loan is that your savings still earns dividends even while it is secured.

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Type Term APR* as low as
48 Mos. Savings Secured Loan 48 Months 2.00% above FPCU Dividend Rate


*Annual Percentage Rate (APR) based on product, term and credit.

Repayment example = $3,000 for 48 months with a 2.1% APR, the monthly payment would be $65.22.