Overview
If you’re struggling to build or repair your credit, a Certificate Secured Loan can be a credit builder and a smarter approach than a costly, high-interest credit card.
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Rates
| Type of Loan | Term | APR* |
|---|---|---|
Certificate Secured Loan |
Loan term is equal to the certificate term. | Fixed interest rate is 3% over Certificate Dividend rate. |
Refer to our Pricing Guide (PDF) for transaction and activity fees, as well as credit union membership fees. A loan processing fee of $35 will be charged per signer. Other loan fees and terms may vary, and will be disclosed at the time of the loan verbally and in the loan disclosures.
* APR = Annual Percentage Rate. Current as of [date]. Up to 100% financing available, some restrictions may apply. Interest rates and terms dependent on credit qualifications. Interest rates on new Certificate Secured Loans are subject to change at any time. Loans under $2000 may have substantially higher APR. Optional Spirit of Alaska Protection available.
Contact the Loan Department at (907) 459-5970 for more detail.
Federal law requires us to verify all identities when opening new accounts. If you are applying with a joint applicant, their consent is implied when the application is submitted with the on-line loan application.
Calculator
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FAQ
FREQUENTLY ASKED QUESTIONS
No. A certificate secured loan is a fixed rate loan because certificates by nature are fixed rate. The loan rate for the secured loan is always a 4% fixed rate above the rate of the certificate.
A term rate on a certificate secured loan can never exceed the maturity date of the certificate. For this reason, be sure to work with our consumer loans specialists to set-up the best term possible.
No. Skip-a-Pay is not available due to the nature of the loan.
You can find all your loan information by accessing e-Teller.
Come to one of our branches and our loan officers can help you with changing your payment date.
Come to any of our branches or download and fill out an Automatic Payment Authorization form.
CU issued paper loan coupons are available for a small, $5 fee. Call 907-459-5970, come in and see us, or download a blank coupon to print out.
"Thank you so much A., for all the research and loan information and guidance you provided for me today. I'm sure it was a busy day for you being as it was a Monday and I'm sure you had many more important things that needed your attention yet you took time away and helped me, the little guy. Your smile and professionalism did not go unnoticed. I thank you again and wish you the very best in all your endeavors!"
- J.D.