A great loan option for a money-savvy member to borrow from themselves.

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The benefits of a savings or certificate secured loan:

  • Are totally secured by funds in a savings account or certificate with LOC
  • Offers a substantially lower rate than a traditional loan
  • Can be used for any purpose--including the purchase of a vehicle or other large ticket item
  • Rates are not based on credit score
  • As the balance of the loan decreases with each payment, so does the amount of the hold in the Savings account securing the loan
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How to apply for a savings secured loan

If you’re interested in applying for a Savings or Certificate Secured Loan, you can get the process started today online. If you prefer, you can also come into one of our Financial Success Centers or call us at 800.837.4562.

Apply Now

Savings Secured Loan Rates
Effective Date: Sunday, May 26th, 2024
Account TypeRateTermNote
Savings Secured Loan 2.05% Up to 180 Months Variable Rate
Certificate Secured Loan 2.00% + Current Certificate Rate Certificate terms available from 3 months-60 months Fixed Rate

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Let's Win Together

Are you ready to join LOC?

It’s easy to become a member of LOC Credit Union!

Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan.

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

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Contact Us

Want to talk to someone? Call or text 800.837.4562

Monday - Thursday 9am to 5pm
Friday 9 am to 6 pm
Saturday 9 am to 1 pm

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Make an Appointment

Need to come in to speak to someone? Make an appointment at one of our convenient locations.

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