Share Secure

TopMark offers two types of share secured loans:

  • Share Secured
  • Certificate Secured

Share Secured

This loan, which can be used for any purpose, is secured by the available funds in your regular savings account. You secured funds will still earn dividends.

A share-secured loan allows you to receive a significantly reduced loan rate in return for pledging your credit union shares as collateral against the loan. In order to be classified as a “share-secured” loan, 100% of the loan balance must be covered by your savings. For example, if you borrow $5000.00 – you need to pledge $5000.00 from your savings account. Your pledged amount automatically reduces with your loan balance.

Contact the credit union for our current rate.  

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Certificate Secured

Borrow up to 100% of your Share Certificate balance while you continue to save money. 

Contact the credit union for our current rate.  
 

Great for members who need to build a good credit history:

If you’re new to credit, have a limited credit history, or have had previous credit problems, a share secured or certificate loan can help you build up your credit. Payments can be automatically deducted from your account (no late payments to hurt your credit record). Each month, this loan is reported to the credit bureau as a current account in good standings — and over time — helps to build a stronger credit record.

A benefit for members who have:

  • no credit file
  • a limited credit history
  • had past credit problems
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Use our Loan Calculator to work out your loan.

For more information, please contact a credit union representative today

Click here to Apply.