Share Secured Loans

  • Overview

    Share Secured Loans

    Good credit is required for almost any major financial step. Buying a car, taking out loans, and even renting an apartment can require you to have a decent credit score. We can help you build credit, and can even accomplish a share secured loan with little to no savings on your part if you are really strapped for cash.

    A share secured loan involves your own money “securing” the loan in a Spirit of Alaska savings (also known as a share) account. We create a loan with fixed payments by lending you the same amount that we are holding in the account. This makes it easy for you to establish credit if you’re a teenager or a college age individual. In addition to being a credit builder, it is also great for credit repair.

    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.

    Effectively build or repair your credit with a share secured loan.

    • APR* rate of 3% above the dividend rate on the savings share.
    • With every payment, the amount of the savings on hold is adjusted.
    • Funds on hold in savings still earn interest.
    • Establish credit for the first time.
    • Build credit regardless of your score.

    "Charles called to tell me how much he loved my service when doing his loan and how much he appreciated my time and dedication to making this work for him. He said I was extremely friendly and he's never had a better loan experience. Apparently, he plans on making me his permanent loan officer!"

    - Consumer Loans Officer

    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 interest rate and fee details.

  • Rates
    Type of Loan Term APR*

    Share Secured Loan

    		 Call 459-5970 for info on terms Variable interest rate is 3% over Share 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. Share Dividend Interest Rates are variable and subject to change at any time. 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

e-Teller Login

Alert:

Scammers are increasingly targeting financial accounts by posing as credit union or bank employees. Never share your one-time passcodes, authentication codes, debit/credit card numbers, or online banking passwords. Spirit of Alaska will never request these details over the phone, via email, or through text. If you receive a suspicious call, even if it appears to be from our official number, hang up and contact us directly at 907-459-5900 to verify.

Search

I need help with Share 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