Share Secured Loan



*"Experience The Difference"*

Share Secured Loan

Would you like to payoff a high interest, high balance credit card with a lower interest loan from TobyFCU and still have the same amount of money of that high balance credit card in a savings account after paying off the credit card? How is that possible?

If you have an existing prime share with TobyFCU you can borrow against that share at a rate of only 3% above the dividend rate on that prime share. Here's an example:

Credit Card Balance = $10,000	Prime Share Balance = $10,000
Credit Card interest rate = 9.99%	Prime Share Balance Rate = 0.40%
	Prime Share secured loan = $10,000
	Prime Share secured loan rate = 3.40% (Prime Share dividend rate of 0.40% plus 3%.)
	Payoff the credit card balance of $10,000 at the 9.99% rate with the Share secured loan at a 3.40% rate. Your share CONTINUES to earn at a 0.40% rate.

When the Share secured loan is paid off, you still have that $10,000 in your prime share plus the dividends accumulated and earned. Plus you no longer have that credit card debt. In essence, you pay yourself back to get out of credit card debt. Apply Now and Start Saving Money!

Please select the link that best fits your situation:

Access Your OutBac

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