Share & CD Secured Loans
Borrow Against Your Savings. Keep It Growing.
Put the money you have already saved to work. Borrow at a low fixed rate while your savings stays on deposit and keeps earning.
Apply Now → See Current RatesLow Fixed Rate
Because your savings secures the loan, you get one of our lowest fixed rates, with no early repayment penalties.
Your Savings Keeps Earning
The balance you pledge stays in your account and keeps earning the whole time you borrow against it.
Builds Your Credit
Easy to qualify for, and on?time payments are a reliable way to establish or rebuild your credit history.
Share Secured Loan
Borrow against your Savings Account at a low fixed rate.
- Borrow up to 100% of your Savings Account balance
- Low fixed rate with a set monthly payment
- No early repayment penalties
- Your savings stays on deposit and keeps earning
CD Secured Loan
Already have a certificate with us? Put it to work without cashing it in.
- Borrow against your certificate balance
- No early withdrawal penalty on your certificate
- Conditional approval often within hours
- Fixed monthly payment based on your rate and term
A Smart Way To Build Credit
Establishing or repairing your credit? A share secured loan is one of the most reliable tools out there. It is easy to qualify for, and every on?time payment builds the kind of track record lenders like to see, all while your savings keeps right on earning.
What Is a Share-Secured Loan?
A share-secured loan lets you borrow against the money already in your Transport CU savings account. Your savings stay in place and keep earning dividends while the balance you borrow against is held as collateral. Because the loan is backed by your own funds, it carries a lower rate than an unsecured loan and is easier to qualify for.
How much can I borrow?
Up to 100% of your Savings Account balance, or the balance of the certificate you pledge.
Does my savings still earn while it secures the loan?
Yes. Your pledged savings or certificate stays in your account and keeps earning the entire time.
Can I pay off my loan early?
Yes. There are no early repayment penalties, so you can pay ahead or pay it off whenever you like.
Do I need to be a member?
No! You do not need to be a member to apply. Anyone can complete an application online. If your loan is approved, don't worry, we'll help you complete your Transport Credit Union membership quickly and easily before your loan is finalized and funded.
Put Your Savings To Work Today
Talk to a local Tampa lender about a share or CD secured loan. Call (813) 748-9270 or email memberrelations@transportfcu.com.