Announcements

  • Holiday Closing
    Good Friday
    April 6, 2012
  • 2012 Annual Meeting
    Join us to celebrate 60 years on Tuesday, March 13, 2012 at the Methodist Conference Center. Click here for details.
  • 2012 College Scholarships
    Calling all high school seniors! We have scholarships available and the applications are due late March. Click here for details.

Share Secured

Loan Rates

Loan Application

What's better . . . . taking out a loan or using your savings? It is usually better to pay cash when you can but it is also important  not to deplete your savings.

A share secured loan can be the solution.  With a share secured loan you pledge your savings or share certificate as collateral for the loan. The savings or share certificate you pledge continues to earn interest. Since you’ve pledged your savings or share account, the interest rate charged on a share secured loan is lower than other types of loans and the repayment term can range up to 72 months. In the end, when the loan is completely paid, your savings are still intact.

VUMCU loans are subject to credit approval and based on individual's credit score.