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Personal Secured Loans

Use your account assets as collateral

Leave your assets untouched

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    College Funding

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    Consolidate Bills

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    Build or Repair Credit

Borrow at our lowest rates


A share secured loan allows you to borrow against your savings at ATFCU by pledging those funds toward your loan. You continue to earn dividends on the pledged amount.

A certificate secured loan is similar. The pledged funds are invested in your certificates of deposit at ATFCU. Interest continues to accrue on the CD’s while they are used as collateral.

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Personal Secured & Credit Builder Loan Rates

Share Secured Loans

Loan Type

Term

Interest Rates

Loan Type

Share Secured

Term

1-36 months

Interest Rates

2.00%

Loan Type

Share Secured

Term

37-60 months

Interest Rates

3.00%

Loan Type

Share Secured

Term

61-72 months

Interest Rates

4.00%

Loan Type

Certificate Secured

Term

varies

Interest Rates

2.00% over certificate rate

Loan Type

Credit Builder

Term

12-18 months

Interest Rates

4%

We’ll do the math

Personal Secured Loan FAQs

A secured loan is guaranteed by the funds in your other accounts at the credit union. That means if you have $1,000 in savings, we can offer you a $1,000 personal secured loan. Seems silly, right? If you already have the money you need, why get a loan? The answer is that it’s a great way to build a credit history. Make every single loan payment on time and we’ll report that monthly to the credit bureaus. When the loan is completely paid off, your credit report will include a successful use of credit.

Please bring at least your last 2 paycheck stubs or another form of income verification.

*Other documentation may be required upon review of the loan application.

We have several options available for submitting loan payments:

  • In Person: you can see a teller to make a cash, check, or credit card cash advance payment
  • By Mail: send a check or money order to:
    Abilene Teachers FCU
    PO Box 5706
    Abilene, TX  79608
  • By Phone: you can pay by credit card or check by phone by calling 325.677.2274.  There is a $5  convenience fee.
  • Online: by using your ATFCU online banking or mobile app you can
    • Transfer funds from one of your ATFCU accounts to your loan
    • Pay with a credit card ($4 convenience fee)
    • Set up external loan payment with routing number and account number from another financial institution.  There is no fee with this option and you can set up recurring payments.

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Disclosures

All loans subject to approval. Rates, terms & conditions are subject to change and may vary based on creditworthiness, qualifications & collateral conditions.

APR = Annual Percentage Rate