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Do you have funds in a share savings account or term share certificate at CHECU? You are able to borrow against those deposits by pledging them in a share or term share secured loan for an incredibly low interest rate. This type of loan is great to help young adults obtain credit or in the event you would prefer not to withdrawal your savings for an upcoming expense. The interest rate is calculated at 4.00% over the interest rate currently being earned on the savings product. So let’s say you have a savings account earning 0.50%. Add the 4.00% and your loan rate would be 4.50%. Wow, now that puts a smile in everyone’s budget. Better yet, these loans can be ready in a matter of minutes. Call the credit union for complete details.
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