Tap your savings without touching a cent
With a Savings Secured loan from Northrop Grumman Federal Credit Union, members can quickly and easily borrow against their assets at low interest rates. It’s a flexible way to secure financing for any purpose without draining your savings.
Borrow against your share accounts (excluding Money Market) or term savings accounts (excluding IRAs). The loan amount plus interest can total up to 100% of your account balance. Loans against certificates can also help you avoid penalties for early withdrawal of funds.
Great rates and terms
NGFCU Savings Secured loans provide many benefits to NGFCU members:
- Convenient – use savings as collateral
- Fast approval
- Low interest rates and ability to avoid penalties for early withdrawal of certificate funds
- Borrow up to 100% of your saving accounts balance
- Terms of up to 60 months or the remaining term of the account, whichever is less
- Rates typically lower than other types of secured loans