Share Secured Loans and Certificate Secured Loans

Ravalli County Federal Credit Union also offers Share Secured loans and Certificate Secured Loans.

This means that you can borrow against your own funds on deposit at the credit union. The interest rate on both types of loans is 3.00% over the rate earned in your savings- or certificate of depositĀ  account.

The term for the Share Secured Loan is 12 months. If at the end of the 12 months there is still a balance left you can either payoff the loan with the shares in your account or refinance the balance into a new Share Secured loan at the current interest rate.

The Certificate Secured Loan term will be at the maturity date of the Certificate of Deposit.

You decide what monthly payment you want to make.

Please contact a loan officer for more details.