Share Secured

Use Your Savings as Collateral with a Share Secured loan from Your NC Community Credit Union

A share secured loan, by definition, is a loan secured by your own shares– in this case, your funds in your savings (share) account. Share secured loans are a great way to get a loan at a very low interest rate without releasing a large amount of your own cash for a large purcahse or an unexpected expense. Your assets are held as collateral for the loan amount until the loan is paid off.

The share secured loan rate at NC Community Credit Union is 3.5% above the savings deposit rate … and, you will continue to earn on the deposit balance while you pay off your loan.

Share secured loans are excellent for those seeking to establish credit, or even repair credit because they represent a low-risk for the credit union but still give you, the borrower, a reportable trade line on your credit report. If payments are made satisfactorily, it can help boost your credit score. Some even opt to utilize a share secured loan for large expenditures, like a car.

Complete our online application below. After completion, you’ll hear from our team within 1 business day and if you’re approved, we’ll work to get you your funds quickly, often same-day!


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Welcome to Your Community Credit Union! We are a community based financial institution located in Goldsboro, NC. If you Live, Work, Worship or Attend School in Wayne County, North Carolina you are eligible for membership by opening a savings account with just $1!