CD Secured


A certificate secured loan is a handy loan product offered by PECU. As with any secured loan, you provide collateral, or something of financial value, to guarantee repayment of the loan. In this case, your certificate of deposit (CD) is your collateral. Secured loans come in many forms, as do certificate loans.  This is a low-cost option for many borrowers.  If you need money, this is a better loan option than paying the early withdrawal penalty to cash out your CD before maturity. It may also be a way to improve your credit rating.

Features include:

  • Extended terms up to 120 months
  • Share and Share Certificate can be used as collateral
  • Easy qualification
  • Lower interest rate than unsecured loans
  • Credit life and disability insurance can be purchased and added to the loan