BREAKING NEWS!
INTRODUCING MCU'S
CD SECURED LOAN!

MCU’s CD† Secured Loan is a new and exciting product that allows you to borrow and save at the same time.
Visit your local branch or call 1-888-GROW-MCU to apply for your CD Secured Loan today.
Not a Member?
Call 1-866-JOIN-MCU. You can Join MCU and apply for your loan in the same phone call.
Here’s how it works:
  • Borrow against your Share Certificate (CD) Account. You can borrow as little as $500 or up to 100% of your CD balance.
  • Rates just 3% above your CD Rate.*
  • Loan terms are flexible, from 12 to 60 months.**
Benefits:
  • Get on-the-spot approval.
  • Continue to build or rebuild your credit.
  • Continue to earn interest on your CD account.
  • Convenient repayment options – direct deposit or payroll deduction

† MCU technically offers Share Certificate Accounts, and not Certificates of Deposit or CDs. However, due to the similarity of these two products, and for your ease of reference, the more familiar “CD” terminology is being used herein.

* For example, a 12-month Share Certificate earning an Annual Percentage Yield (APY) of 3.00%, the CD Secured Loan Annual Percentage Rate (APR) would be 6.00%. 12 monthly payments of $86.07 on each $1,000 borrowed at 6.00%APR. IRA and 18-month Share Certificate Accounts cannot be used for security. Rates and terms subject to change without notice.

**The loan term cannot exceed the term of the Share Certificate. If the remaining term on your Share Certificate is less than the desired term of your loan, your Share Certificate will be renewed at current rates (and without an early withdrawal penalty) for a term at least as long as the term of your loan. All amounts on deposit in the Share Certificate account offered as security must remain on deposit until the loan is paid in full.