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Routing Number: 253177049
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Share-Secured Loan

Get access to needed funds without depleting your savings with a Share-Secured Loan.

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How it works

Our Share-Secured Loan is available for when you need funds but don't want to deplete your savings.1 Your Share Account will be held as collateral for the loan, and once the loan is paid off, the hold is released.

Loan features

Our Share-Secured Loan is fully secured by your SECU Share Account, which continues to earn dividends during the term of the loan. Our Share-Secured Loan has a maximum term of 120 months (10 years).

  • Fixed rate for terms up to 24 months

    APR2: 3.10%

    Payment example: A loan amount of $5,000 for a 24-month term at 3.10% has 23 monthly payments of $216 and one final payment of $194.14.

  • Fixed rate for terms of 25-48 months

    APR2: 3.50%

    Payment example: A loan amount of $5,000 for a 48-month term at 3.50% has 47 monthly payments of $112 and one final payment of $100.29.

  • Variable rate for terms of 49-120 months

    APR2,3,4: 7.00%

    Payment example: A loan amount of $10,000 for a 120-month term at 7.00% has 119 monthly payments of $117 and one final payment of $15.53.

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Related links

  • Funds Transfer

    Schedule an electronic transfer of funds between your SECU accounts on a one-time or recurring basis.
  • Payroll Deduction

    State of North Carolina employees can deposit a portion of their paycheck in an SECU account.
  • Credit Insurance

    Protect your loan payments with credit insurance coverage for qualifying life events.

  1. Members must be at least 18 years of age or otherwise eligible for lending services to apply. Lending is limited to residents of North Carolina, South Carolina, Georgia, Tennessee, and Virginia. Other restrictions apply.
  2. APR = Annual Percentage Rate. APR is your cost over the loan term expressed as a rate. Rates are subject to change prior to the completion of the loan. Your actual APR will be determined at the time of disbursement. If you qualify, we can give you a quote for the current rate and most loan documents can be signed electronically.
  3. The variable APR cannot increase by more than 1% each quarter over the previous quarter and cannot exceed 18%.
  4. The variable APR is calculated by adding the index rate to the loan margin. The index rate is the 26-week Treasury Bill Rate set at the first auction held on or after the 15th day of the second month of the previous quarter adjusted up to the nearest 0.25%. This product is subject to a minimum index of 4.75%. The loan margin is 2.00%.