Savings Secured Loans

Savings Secured Loans

Your savings balance can provide you with serious borrowing power

A good way to get a fresh start

Secured loans can help you rebuild your credit rating.

How it works

You can borrow as much money as you have in your savings account.

Make on-time payments

That can be a key factor in raising your credit score.

Use it for anything

Consolidate debt, cover expenses, make repairs, or do whatever else needs to be done.

Keep on earning

Another big benefit is your savings continues to earn interest while you make use of loan funds.

You've worked hard to save money, thinking those efforts will pay off down the road. The good news is those efforts might benefit you right now. Even if you have less-than-perfect credit and have been denied other loans, we let you borrow against your savings balance to make ends meet, get things done, and generally keep your life on track.

  • Interest rate is lower than that on most credit cards
  • No income or employment verification required
  • No loan application fees or closing costs
  • When your loan is paid off, your savings become available to you again

Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.


Debt Consolidation Calculator

Run The Numbers

Discover which loan is financially right for you.

Get started with a Savings Secured Loan.

More Solutions

Get 5% back when you shop local using your Mastercard.

Use your Mastercard at participating local shops and restaurants to receive 5% cash back on your purchases. 

The calculator tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.