Certificate Secured Loans

  • Overview

    Certificate Secured Loans

    The length of these loans depends on the certificate’s maturity date, so they’re ideal for people who are trying to get loans but running into difficulty because they have no credit or damaged credit. Because it’s your money being used as collateral for the loan, there is lots of flexibility on how high or low you want your payment.

    Because the certificate’s rate is fixed, the loan rates aren’t variable and come at a low 3% above the certificate dividend rate.

    Apply now from your computer, mobile phone, tablet, or in person with one of our friendly loan officers. More questions? Contact Consumer Loans at 907-459-5970.

    A certificate secured loan is secured against a certificate’s value rather than the funds in a savings account.

    • 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.
    • Secured loans offer less potential for misuse.
    • A smart way to build credit with little risk.
    • The loan’s terms can’t exceed the certificate’s maturity date, which places some restrictions on these loans.
    • Eliminate the need for a co-signer by putting your funds in your certificate to good use!

    Disclosures

    *Annual Percentage Rate is on approved credit. Loan fees and terms may vary, and will be disclosed at the time of the loan verbally and in the contract. See the Rates tab on this page for complete rate and fee details.

    "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.
  • 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 9 May 2025. 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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    This calculator is not supported for Internet Explorer. Please use an alternate browser, such as Edge, Firefox or Chrome. Alternatively, try this simple Personal Loan Calculator.

  • FAQ

    Frequently Asked Questions

  • Apply Now

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Search

I need help with Certificate Secured Loans

We’d love to help! Just give us your name, phone number, and email address and we’ll contact you as soon as possible!

    For your security, do not include sensitive information, such as Social Security numbers or account numbers, in your message. If you need to communicate with us about sensitive information please use the Message Center in e-Teller, your online banking application, or call us during regular business hours so we can verify your identity. For other inquiries, send us a message here and we're happy to help!

I have a question

We’d love to answer your questions! Just give us your name, phone number, and email address and we’ll contact you as soon as possible!

    For your security, do not include sensitive information, such as Social Security numbers or account numbers, in your message. If you need to communicate with us about sensitive information please use the Message Center in e-Teller, your online banking application, or call us during regular business hours so we can verify your identity. For other inquiries, send us a message here and we're happy to help!

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Letter from our Consumer Loans Department

A Message From Spirit of Alaska Federal Credit Union Consumer Loans Department About The COVID-19 Outbreak

As you know, the spread of COVID-19 has touched just about every aspect of our daily lives — from our families and schools to our places of work and worship.

We understand the uncertainty during this unprecedented time and want to let you know about some of the proactive measures our consumer loans department has in place to continue to support and serve our customers.

Payment concerns:

If you anticipate that it will be difficult or impossible for you to make your payment, there are options available.

If you become ill, are quarantined, your employment status changes or another hardship arises as a result of the COVID-19 outbreak, you may be eligible for short-term relief.

Please email us or call (907) 459-5970. We will work with our borrowers on a case-by-case basis to assist in any way possible.

If you have questions:

If you have any questions, please don’t hesitate to reach out to our team. Please stay safe and healthy during this unprecedented time.

Email: cloans@spiritofak.com
Phone: (907) 459-5970