Stock Secured Loan
Only stock traded on the New York, American or over the counter exchange will be accepted. The maximum loan is 70% of the stock value.
Stock Secured Rates
- Completed application from each applicant
- Proof of income may be required.
- 2 year tax return for self-employed
- A signed contract by applicant (s) before funds can be disbursed
- Proper identification is required for your protection
- Vehicle applications should be accompanied by a copy of the dealer purchase order or a description of the vehicle
- Written proof of insurance at time of loan disbursement
- Collateral must be insured for collision and comprehensive coverage
- Single and joint life and disability insurance available at an addition premium
- Total indebtedness per member is limited to $750,000.00
Effective date: 05-01-17