Savings Secured Loans
Need to establish or re-build your credit? A savings secured loan is perfect for you. Because the funds are secured by your Northern Skies Savings or CD (certificate), your fund amount is guaranteed — at a low interest rate — and there’s no credit check required!
What’s even better than getting a secure loan amount and terms customized to your needs is that you’ll continue earning interest on your Savings or CD.
- Low interest rates that are 3.00% above what you're earning.
- Funds secured by savings account or CD (Share Certificate) established with Northern Skies FCU
- Savings remain intact and incurring dividends, thus reducing the actual cost of your loan
- Helps establish or re-establish credit
- A wide range of terms customized to your unique situation (up to 12 years)
- No credit check required; instant approval
- Attentive, friendly service from start to finish
A member must be 18 years of age or more to be granted a loan.