Loan Options To Take Your Dreams Higher
Looking to build credit? Or do you have a large purchase coming up, but don't want to spend all of your savings? Why not use your savings as your collateral? Our Share Secured Loans are ideal for members who have secured savings at FreeStar Financial Credit Union or for those who want to rebuild credit. A Share Secured loan is defined as a personal loan that establishes consumer credit and is secured by the funds in a member’s share/savings account. Funds are released as the principal balance is reduced.
Apply online, call 586-466-7800 opt. 3 or visit one of our branches today!
| Share Secured | ||
| Effective Date: Sunday, April 13th, 2025 | ||
| Type | Term | APR* |
| Secured by Credit Union Shares | Flexible | 3% above Savings Rate |
| MILITARY RATE DISCOUNT TERMS: Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name totaling at least $1,100 per month into their checking account. Discount subject to qualification and can change without notice. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply. | ||
*APR = Annual Percentage Rate. Rates are "as low as" and are subject to credit history, terms, and other factors. Rates are subject to change at any time without notice. Please call 586-466-7800 opt. 3 for current rates.
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