Share Secured

Share/Share Certificate Secured Loan

Use the borrowing power of your Sb1 Share or Share Certificate for practically any purpose. Share or Share Certificate Secured Loans are available up to the member's full Sb1 Federal Credit Union Share or Share Certificate balance granted at a rate of 3% above the secured account's Annual Percentage Yield.

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Rates

Unsecured Loans

Product APR1 Maximum term
Personal Loan As low as 8.99%2 72 months
Student Loans (Student Choice) As low as 6.25%3  
Share Secured Share Rate +3% 120 months
Certificate Secured Certificate Rate +3% 120 months
QuickCA$H Line-of-Credit 12.25%  
VISA Platinum Card 11.88% fixed  
VISA Gold Card 12.96% fixed  
VISA Classic Card 14.88% fixed  
VISA Secured Card 17.90% fixed ($25 Annual Fee)  
1APR = Annual Percentage Rate. Sb1 has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower's credit history. Rates subject to change at any time.
2Members who want to refinance existing loans must borrow an additional $2500 in new money to qualify for current posted rate.
3Prime market index plus a margin. As of July 1, 2014, the Prime index rate used will be 3.25% through September 30th. The margin rate currently ranges between 3.00% and 5.00% depending on the borrower/co-borrower's credit score at the time of application. The 'floor' rate for the loan will be 6.00%, meaning that your interest rate will never fall below this 'floor' rate.