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      Savings Secured Loans. Build or repair your credit!

      • Build or repair your credit with little risk.
      • Requires collateral ($ in your ACU accounts).
      • Low-interest fixed rates.
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      Confidence

      You CAN increase and improve your credit score! Get an update on the status of your application today.

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      What is a Secured Loan?

      Savings Secured Loans are the perfect loan option to increase your credit no matter where you're starting from.

      Perfect for teens trying to build credit for the first time, (with a little help from their parents) and great for rebuilding credit. 

      Secured loans require collateral. When you purchase a vehicle with an Auto Loan, the vehicle is the collateral for the loan. A Savings Secured Loan means your collateral is money you have in savings. You can use funds in your Savings Account or Certificate of Deposit to secure the loan.

      Savings Secured Loans offer a lower fixed-rate than a Personal Loan because they have collateral. This makes them a better choice for building or repairing credit. Your monthly payment won't change and you'll be paying a lower interest rate while your credit improves.

      Loan Benefits

      • Low, fixed rate.
      • No application fee.
      • No prepayment fee.

      Used For

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      Savings Secured Loan Rates 

      Collateral Account Term Annual Percentage Rate (APR)
      TEXT
      Share Savings Account
      TEXT
      Up to 60 months
      TEXT
      4.00%
      TEXT
      Certificate of Deposit
      TEXT
      CD Maturity
      TEXT
      2.50% over Certificate of Deposit rate
      Effective July 25, 2022
      Collateral Account

      Share Savings Account

       Term

      Up to 60 months

       Annual Percentage Rate (APR)

      4.00%
      Collateral Account

      Certificate of Deposit

       Term

      CD Maturity

       Annual Percentage Rate (APR)

      2.50% over Certificate of Deposit rate
      Effective July 25, 2022

      Questions? Call 1-800-543-2811.

      Savings Secured Loan Resources

      Budgeting Your Savings

      Budget ebook cover and spineIt’s essential that you have good budgeting habits to increase your savings. Whether you’re budgeting and saving for a one-time event like a wedding, saving for a major life change like having a baby, or getting better at managing daily spending and saving in general, this eBook will help!

      Full of budget templates and tips about creating a budget and tricks for sticking to it, this guide is essential for your future saving goals. With some organization and a good plan, you’ll be adding deposits to your Savings Account regularly.

      Free eBook
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      The Easiest Way to Add to Your Savings Account

      If you’re not familiar with the 52 Week Savings Challenge it’s a relatively easy way to add to your Savings Account over the course of a year.

      On the first week put $1 in your Savings Account and leave it there for the whole year. On the second week put $2 in your Savings Account. Continue this pattern so on the 52nd week you’re depositing $52 into your Savings Account. At the end of the year, you will have saved $1,378 plus interest! For other variations of this savings plan check out our blog post Three Ways to Make the 52 Week Savings Challenge Work for You.

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      ACU NMLS ID #562279

      NCUA
      Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency
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      America’s Credit Union will NOT ask you to update your information through an e-mailed link or a cell phone text message. Should you receive an e-mail or text message allegedly from America’s Credit Union requesting such an update, please contact us immediately.

      The ACU website features a number of links to entities associated with ACU and/or the credit union industry. By accessing any of these links, you will be leaving the ACU site and entering a site hosted by another party. For your protection, we encourage you to read the privacy and security policies of the sites you enter, as these policies may be different from those of ACU. 

      America's Credit Union is committed to serving all persons within its field of membership, including those with disabilities. We strive to make not only our physical branches accessible but also to conform to WCAG 2.0 guidelines for website accessibility. Our efforts are ongoing including frequent testing and updates to improve accessibility. Should you have any problems accessing our branches or website, please call us at 972-494-5328 or 800-543-2811 so that we may promptly assist you and remedy any accessibility concerns.

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