Share Secured Loans can be a valuable option for those looking to build their credit. Share Secured Loans also provide the opportunity to keep your Savings Account intact in case you’re faced with an unexpected expense.
Apply for a loan now with our easy-to-use online application or call 844-COP-SAVE (844-267-7283) to speak with a representative!
It is a loan that is secured by funds that you have available in a Savings Account at the credit union at the time of application. It allows you to get a rate much lower than our low Signature Loan rates.
A Share Secured Loan has a variable rate of 2.72% APR*, which is adjusted periodically. The loan has flexible terms based on the amount financed. The current highest tier base Share Savings rate plus a spread of 2.50% APR* will determine the interest rate. For example, if the highest tier base Share Savings rate is 0.22% APR*, the interest rate on your loan will be 2.72% APR* (0.22%APR* + 2.50% APR* spread). The maximum rate is 18% APR*. The minimum rate is 2.72% APR*.
Killed in the Line of Duty Loan Protection
National Police Credit Union is pleased to offer Killed in the Line of Duty Loan Protection, a special debt cancellation benefit created exclusively for active full-time Law Enforcement Officers.
What is debt protection and how does it work?
Life and Disability Debt Protection allows you to safeguard your loan in times of uncertainty.
What is an External Loan Transfer?
External Loan Transfer allows you to pay credit union loans from other financial institutions.
How is my share secured loan rate calculated?
Check out our Share Secured Loan page for more information.
To check the status of your loan application, please call us at (844)267-7283 and select option 1 when prompted.
Why is my Home Banking login sending me to a loan application page?
You did not access your Home Banking account in the last 60 days. To regain access, contact us at (844) 267-7283.
*APR = Annual Percentage Rate.
