Deposit Secured Loans & Lines of Credit

Put your money to work!

Secure your loan with a deposit account and enjoy a low interest rate.

 

Secure your loan with funds already on deposit in a BCU savings account or CD. It's the smart way to borrow without depleting your funds, and you'll enjoy a lower rate. With a Deposit Secured loan or line of credit, you can secure your loan with funds already on deposit in a BCU savings account or CD. It's the smart way to borrow without depleting your funds, and you'll enjoy a lower rate.

 

Benefit from:

  • Low, fixed APR and fixed monthly payment for Deposit Secured loans—with first payment deferred for 60 days.
  • Low, variable APR for Deposit Secured Lines of Credit. Advance funds when you need them, and only pay interest on what you borrow.
  • An additional 0.50% APR reduction1 on stock and share secured loans—with Rewards Rates (does not apply to secured lines of credit, or CD secured loans)
  • Maximum borrowing power—borrow up to 100% of the balance of the share account or CD2
  • Continued dividend earnings during the loan term
  • No pre-payment penalty or loan fees
  • A quick approval process with access to funds in as little as the next business day.

 

 


  • Disclosure

    ​​​​​​​​​​​​​​

    **Between 1/1/20 and 12/31/20, the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through the Baxter Credit Union Auto Buying Program and who were identified as buying a new vehicle from that Certified Dealer was $3,655. Your actual savings may vary based on multiple factors, including the vehicle you select, region, dealer, and applicable vehicle-specific manufacturer incentives, which are subject to change. The MSRP is determined by the manufacturer and may not reflect the price at which vehicles are generally sold in the dealer's trade area, as many vehicles are sold below MSRP. Each dealer sets its own pricing.



    1APR is Annual Percentage Rate. Published rates are accurate as of 10/1/2021, and subject to change. Offer subject to credit approval. Rate applies to 2021 and newer vehicles with a loan term of up to 75 months (based on credit worthiness), up to 100% LTV (loan to value). Call for rates on older model vehicles. Loan amount will be determined by income and other factors. The rate listed includes an additional 0.75% APR discount for buying through our Auto Buying Service. To receive this discount, an auto loan must be booked through BCU, and auto purchase must be made at a certified dealer through BCU’s Auto Buying Service purchasing process. The rate listed also assumes an automatic payment method and includes a 0.50% discount for having two of the following relationships: direct deposit of at least $500 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Individual rates may vary based on credit score and other factors. An example of payment terms are as follows: an amount financed of $25,000 with an APR of 1.39% and a term of 75 months would have a monthly payment of $348.22.



    2APR is Annual Percentage Rate. Published rates are accurate as of 10/1/2021, and subject to change. Offer subject to credit approval. Rate applies to 2021 and newer vehicles with a loan term of up to 75 months (based on credit worthiness), up to 100% LTV (loan to value). Call for rates on older model vehicles. Loan amount will be determined by income and other factors. The rate listed also assumes an automatic payment method and includes a 0.50% discount for having two of the following relationships: direct deposit of at least $500 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Individual rates may vary based on credit score and other factors. An example of payment terms are as follows: an amount financed of $25,000 with an APR of 2.14% and a term of 75 months would have a monthly payment of $357.04.

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