What We Offer
Our Personal Secured Loans allow our members to use their funds on deposit with Members 1st to access funds at a low interest rate. Loans may be secured with Certificates of Deposit or funds in your Savings or Money Market accounts. Various terms are available and there are no fees for early repayment.
Certificate of Deposit (CD) Secured Loan
- No application fees
- No prepayment penalties
- Rate is computed by adding 2.5% to the pledged Certificate dividend rate.
- Loan term may not exceed remaining CD term
- For non-members, you'll be required to join Members 1st to meet eligibility requirements.
Share Secured Loan (Fixed Rate)
- Fixed rate
- Various terms available
- No application fees
- No prepayment penalties
- For non-members, you'll be required to join Members 1st to meet eligibility requirements.
Share Secured Loan (Variable Rate)
- Variable rate
- Rate and payment is adjusted monthly and computed by adding 2.5% to the regular savings account dividend rate.
- Various terms available
- No application fees
- No prepayment penalties
- For non-members, you'll be required to join Members 1st to meet eligibility requirements.
