News & Announcements

Share Secured Loan Promotion

You may have heard the expression “Have your cake and eat it too”.  Well, you can do just that with a Share Secured Loan at Beaver Valley FCU.

Share secured loans are a way for you to borrow money, using your own savings as the collateral.  Rather than using all your savings to make a purchase, you are borrowing against that sum while your money stays in your account.

The loan promotion is available from January 3 – March 31, 2022 with a 2.50% APR* and a repayment term up to 48 months.

There are several benefits to share secured loans instead of taking out cash from your savings account:

• Protect savings - While the amount of the loan balance will not be available for withdrawal, it will remain in your account and continue to earn dividends.

• Build credit - If you have bad credit or no credit at all, these loans can help you build credit.  Making installment loan payments on time can help raise your credit score, as payment history carries the most weight in credit score calculations.

• Use for any purpose - You can use share secured loans for a variety of things.

*APR = Annual Percentage Rate.  Offer not valid on existing BVFCU loans.