Secured Loans

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Find the funds you need from a source you can trust. Use your MFed savings as collateral for a competitively low-rate personal loan.

Take care of a wide variety of needs that come your way, from fixing flat tires to funding family vacations. Let us reward the hard work you put into nurturing your nest egg with lower rates and flexible terms. Best of all, your savings continues to earn interest as you pay off your loan! Not an MFed member yet? Join us and experience the benefits of an institution that truly empowers its members.

Summary
  • Competitively low rates for a wide range of personal needs
    • Typically lower rates due to collateral backing
  • Not available for business loans
  • Funds secured by savings established with MFed, including Regular Savings accounts and Share Certificates
  • Savings remain intact and incurring dividends, thus reducing the actual cost of your loan
  • Helps establish or re-establish credit
  • A wide range of terms customized to your unique situation (up to 10 years)
  • Local decision-making and processing
  • Attentive, friendly service from start to finish