Share/CD Secured Loan

Build your credit by borrowing against your MECU savings

Apply by phone with our Loan by Phone team:

Secure your loan with your MECU Credit Union savings or CD

Borrow up to 100% of your available deposit savings/CD funds

Competitive rates

No application fee, origination fee or prepayment penalty

Utilize your savings for financing when you need it.

Borrow against the value of your MECU Credit Union savings to get affordable financing you need to take on anything. Make on-time loan payments to help increase your credit score, and watch your savings continue to grow even when you're borrowing money.

Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on personal loans and other lending products.

Frequently Asked Questions

Yes, you can refinance a personal loan. Simply complete a loan application and, if approved, use the funds to pay off your other loan with the current lender.

A secured loan is tied to collateral, such as a car or home, that the lender can claim if you don’t repay the debt. An unsecured loan is based on your creditworthiness alone and does not require any collateral.

Flexible borrowing solutions for every stage of life.


Personal Loan Calculator
Estimate payments and plan your budget with ease.
Visa Credit Cards
Enjoy flexible spending with rewards and security.
Auto Loans
Get in the drivers seat with a low-rate auto loan.
BNPL: The Cost of Convenience
Understand the fine print behind credit card alternatives.
Visa Platinum Rewards Credit Card
Earn Rewards on Every Purchase

Pile up points that you can redeem for cool merchandise, travel, and gift cards.

Secure a personal loan through your own savings efforts.

*APY=Annual Percentage Yield. APR=Annual Percentage Rate. Rates are for illustrative purposes and subject to change.

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