A Share Secured Loan at Tallahassee Community FCU is a simple, low risk way for you to borrow money. You can make your money work for you as it uses funds from a Member Share Savings account or Share Certificate. This is a good option if you do not have the best credit but need to take out a personal loan.
A benefit of using a Shared Secured Loan is your funds will continue to earn dividends on the money you have used as collateral. Loan rates are significantly lower on Share Secured loans. This safe way of borrowing money is a great way to establish and build credit.
Tallahassee Community FCU will report your payment history to the major credit reporting agencies like a regular signature or auto loan. This will allow you as a member to build your credit score as well.
Members can apply for a loan online or by calling (850) 222-1421.
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