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A share secured loan allows you to borrow against your existing Nikkei deposits. This is particularly great if you’re looking to build or improve your credit. For example, if you have $1,000 available in your savings account that you do not plan on using, you can open a $1,000 share secured loan. Although this would freeze the funds in your savings account for the life of the loan, the funds used as collateral can be held in an account that continues to earn dividends effectively lowering the total costs of your loan. 

Contact a Loan Representative at 866.4NIKKEI or 888.MABUHAY to apply today!

Disclosures: Granting of loan subject to approval. Member's FICO Score (or credit score) will determine category for maximum amount, term, and interest rate. All rates are subject to change by the Board of Directors without prior notice. Other loan terms and conditions will be disclosed prior to funding a loan. Equity - percentage of appraised value less any other deeds. Ask your tax advisor for any potential tax benefits of a Home Equity Line of Credit (HELOC). All loans subject to verification of equity, credit approval, FICO credit score, and income qualification. We are an Equal Housing Lender and governed by the National Credit Union Administration (NCUA).

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