With a deposit secured loan, you can use your share savings or share certificate account as collateral to secure a lower rate. Continue to build interest on your savings, while still having access to a great loan. Even if you do not have a Social Security Number, you may still be eligible for this loan. We let you borrow up to 100% of your account balance, and give you terms up to 10 years.
Save more with lower rates than a signature loan
Continue to earn dividends on your collateral account
Borrow up to 100% of your account balance
Take advantage of convenient terms for up to 10 years1
This calculator is for informative purposes only and the results ore not application results or quotes. Based on your credit history and repayment ability, you might not qualify for the loan term you selected, the amount provided by the calculator, and your loan might be denied.
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
** This is a fixed rate and will remain the same during the entire life of the loan. Loan approval is based on a credit and repayment ability evaluation, and it is possible that you may not qualify for this loan. Loan disbursement subject to proof of purchase or invoice of the green product. Available only for members and improvements in the United States.
****This is a variable rate loan. The rate is determined by adding a margin to an existing published rate (the Prime Rate published on the Wall Street Journal), and the rate may change without previous notice on the last day of March, June, September or December each year; however, your rate will never exceed 18% APR. Based on the results of your credit evaluation, and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied. This loan is offered exclusively to members of OAS FCU who do not otherwise qualify for any loans via their employers as part of their employers’ relationships with the Credit Union. We offer this loan to those who have been members of OAS FCU longer than one year, and who can provide proof of employment with income exceeding 24 months. Sample repayment schedule: the monthly payment for a 3-year loan with the current rate would be $35.65 for every $1,000 borrowed.
Credit Cards
Type
APR*
Credit Limit
VISA Platinum
13.25% - 16.25%
Up to $30,000
VISA Classic
11.25% - 17.99%
Up to $10,000
Balance Transfer(1)
2.25%
Up to available credit
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
(1) The promotional APR is available for the first 12 months after the balance transfer. Any remaining balance remaining after that time will incur the standard rate of your card at that time.
FAQs
Yes, this loan qualifies for our Skip-a-Payment program.
With Skip-a-Payment you have the ability to skip up to two (non-consecutive) monthly credit union loan payments each year, whenever it's most convenient for you.
To enroll, complete the Skip-a-Pay form, indicating the month you would like to skip your payment, and return it to the Credit Union at least five days before your payment is due.
Some of the reasons why a secured loan might be right for you are:
Immediate funding, often by the next business day.
Preserve savings. You can continue earning interest on your savings and avoid early withdrawal penalties on your Share Certificate.
Builds credit. If you have bad credit or no credit at all, these loans can help you build credit.
Lower interest rate. You will get a lower annual percentage rate than a regular non-secured personal loan.
Your funds from your savings or share certificate account will be used as collateral to secure the loan.
Yes, you will have access to the funds that are not pledged, but you will continue to earn dividends on all of the funds in your account.
As you repay the loan, you will regain access to your pledged funds, equivalent to the amount you have paid off on the loan.
Our Share Certificates page can help you learn more about them. However, you do not need a Share Certificate to apply for this loan—you can also use your Share Savings account.
Fees
Loan Fees
Processing vehicle titles
$50 + DMV cost
Skip-a-Payment
$5 each loan
Single debit origination to pay for a loan
No charge
Recurrent monthly debit origination to pay for loan
No charge
Late fee for consumer loans
4% of the monthly payment after 30 days past due
Late fee for HELOCs
4% of the monthly payment after 10 days past due
Late fee for mortgages
5% of the monthly payment after 15 days past due
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