Secured Loans

Tractor Loans

 

 

 

 

 

Considering a new tractor? We offer a competitive fixed rate with flexible terms. You will have a low fixed rate loan and budget minded payment each month. Check with your credit union before you start to shop for your next tractor. We can pre-approve you before you begin to shop! Better yet, there is no application fee!

 

    

 

Share Secured

Need to establish credit, rebuild your credit or just want a low fixed rate loan. We have options for you. Establish a share account with Members Credit Union and we will place a hold on the available funds as security for your new loan. The rate is fixed and the term limit is flexible. This is the perfect account for members who wish to have a low fixed rate and a set monthly payment. There is no application fee. An IRA account cannot be used to secure funds.

Share Secured Loan
NameAPR*Type

Share Secured Loan

4.05%

Fixed

CD Secured Loan

This secured loan can be used for the same reasons as the share secured. Establish the CD of your choice and the loan rate will be fixed at 2% above your current CD. The loan balloons at CD maturity. When the CD matures the loan rate can be rewritten at 2% above the new CD rate if the member is in good standing with the credit union. An IRA CD account cannot be used to secure funds.

CD Secured Loan
NameAPR*Type

CD Secured Loan

4.05%

Fixed

*Regular Share APY + 4%

   

 

 

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Northwest Michigan's Largest Credit Union