What is a share secured loan?

A share secured loan allows you to use the funds in your share account as collateral for a loan. This allows you access to your funds without withdrawing from your share account. The funds in your share account will continue to accrue dividends, according to the account terms.

What is a certificate secured loan?

A certificate secured loan allows you to use the funds in your certificate as collateral for a loan. This allows you access to the funds without withdrawing the certificate before the maturity date. The funds in the certificate account will continue to accrue dividends, according to the account terms. Terms of the loan cannot exceed the maturity date of the certificate.

How is a share or certificate secured loan different from an unsecured personal loan?

A share or certificate secured loan includes using your funds in your share or certificate account as collateral for the loan. An unsecured personal loan does not require collateral. A personal loan depends on the strength of your credit score and history.

How much can I borrow Share and Certificate Secured Loans?

The amount you can borrow is tied to the funds in your share or certificate accounts. If additional funds are needed, alternate loan products are available. Reach out to us today! Call us at 800-283-4550 or visit a branch near you.

Can I withdraw the funds used as collateral?

The collateral amount in your share or certificate accounts will be unavailable to withdraw until the funds are released, according to your loan terms.

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Share and Certificate Secured Loans

Goldenwest Credit Union members can use funds in their Savings or Certificate accounts to secure loans at a lower rate than many other conventional loans.

You can use this type of loan to finance just about anything you need.

Share secured loans are available at 3.00% above the Annual Percentage Yield (APY) of the share and terms up to three years.

Certificate secured loans are available at 1.99% above the Annual Percentage Yield (APY) on the certificate and are due upon the maturity date of the certificate.

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Frequently Asked Questions

What is a share secured loan?

A share secured loan allows you to use the funds in your share account as collateral for a loan. This allows you access to your funds without withdrawing from your share account. The funds in your share account will continue to accrue dividends, according to the account terms.
What is a certificate secured loan?

A certificate secured loan allows you to use the funds in your certificate as collateral for a loan. This allows you access to the funds without withdrawing the certificate before the maturity date. The funds in the certificate account will continue to accrue dividends, according to the account terms. Terms of the loan cannot exceed the maturity date of the certificate.
How is a share or certificate secured loan different from an unsecured personal loan?

A share or certificate secured loan includes using your funds in your share or certificate account as collateral for the loan. An unsecured personal loan does not require collateral. A personal loan depends on the strength of your credit score and history.
How much can I borrow Share and Certificate Secured Loans?

The amount you can borrow is tied to the funds in your share or certificate accounts. If additional funds are needed, alternate loan products are available. Reach out to us today! Call us at 800-283-4550 or visit a branch near you.
Can I withdraw the funds used as collateral?

The collateral amount in your share or certificate accounts will be unavailable to withdraw until the funds are released, according to your loan terms.