St. Louis Community Credit Union

You are here Share Certificate/Share-Secured Loans

Share Certificate/Share-Secured Loans

Here’s a loan option that can help you establish or build your credit, while you save money with a remarkably low interest rate! These secured loans use the funds on deposit in your share certificate or share account (either savings or money market) as collateral, and based on the amount borrowed, they allow for repayment terms of six months to 15 years. You can borrow up to the amount on deposit, and the funds in your share account become available as the loan balance is paid down.

There’s no approval required, and you can borrow for any purpose! All you need to do to secure the new loan is verify that any hold placed on recently deposited funds has expired, call us at 314-534-7610 to schedule a closing and pick the most convenient branch to complete your loan.