Borrowing From Yourself
With a Share Secured loan, you have the advantage of borrowing against your savings at a great rate while still earning dividends.
You may borrow an amount equal to the balance in your Prime Share account, or other members' Prime Share account (provided they sign the security agreement). The Prime Share account pledged as collateral on the loan may not be withdrawn below the amount of the loan balance.
How to Apply:
- Apply online
- Stop by your local branch office
- Call us toll-free at 1-800-622-5305
All terms and conditions are subject to change without notice. For online loan requests, we'll contact you within one business day to complete all necessary loan paperwork and to discuss the method for disbursing your funds, if approved. For some loans, we offer the option to sign your loan documents electronically. You must be a current member of Carolinas Telco Federal Credit Union (CTFCU) to be eligible for a loan or credit card. If you have a current CTFCU Visa® Platinum Credit Card and want to switch to the CTFCU Visa® Platinum Low Rate Credit Card, select that credit card on the application. All services including loans, credit cards, and checking accounts are subject to approval. * APR = Annual Percentage Rate. The rates appearing here are accurate as of the effective date: October 16, 2019. All terms and conditions are subject to change without notice. The Annual Percentage Rate you receive may vary, based on certain individual creditworthiness criteria. Currently, our rates range from the rates shown, up to 18.00%. For information regarding the rate you may qualify for, contact the credit union at 1-800-622-5305. All services including loans, credit cards, and checking accounts are subject to approval.