Share-Secured Loan
- Borrow up to 100% of your deposits
- No credit report required
- No application processing fees
- Competitive interest rates
To request an application, please email solutions.center@azcentralcu.org or call 602-264-6421 or toll free (866) 264-6421.
What is a Share-Secured Loan?
A share-secured loan is an option for those with no or bad credit to build their credit score. Essentially, a share secured loan uses your own savings as collateral for a loan from a credit union at favorable rates. Instead of blowing your savings on an emergency or major purchase, your savings can stay in account while you use the loan principal to pay for expenses.
Why Use a Share-Secured Loan to Build Credit?
A major part of credit is your history. A share-secured loan can build or improve a credit history overtime, without facing exorbitant interest rates. Because a share-secured loan has collateral — your own cash — it may have lower rates than another type of personal loan.
Why Choose Arizona Central Credit Union for a Personal Loan?
Arizona Central Credit Union has been providing Arizona families in Phoenix and beyond with loans and other financial services since 1939. Whether you already have an account or are just looking for lending options, Arizona Central, Arizona’s leading local credit union, will be here to safeguard you and help you achieve your goal of financial freedom.
Arizona Central Credit Union has 9 branches throughout Arizona, including Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson and Show Low. Members have access to 30,000+ surcharge-free ATMs nationwide through the CO-OP ATM network. Arizona Central makes banking accessible & rewarding for all AZ communities.
Personal Loan Options
