Share Secured Loans

 Our Share Secured Loans are approved immediately, regardless of your credit history.

Share Secured Loans

Want to re-establish your credit, or avoid dipping into your savings to make a major purchase? Consider an OTIS Share Secured Loan. The Credit Union will extend credit to our members secured by OTIS Shares, Share Certificates, and/or Money Market accounts. Get access to the money you need today at a low rate while your deposits at OTIS continue to earn interest!

How a Share Secured Loan Works:
  • Your Share funds function as collateral for a Share Secured Loan.
  • The Credit Union places a hold on the amount you want to borrow against.
  • You may withdraw funds from pledged (collateralized) accounts up to the balance of the loan.
  • Loans 100% secured with a member's shares have NO maximum loan limit.
  • Payments must be large enough to cover principal and interest to avoid negative amortization.
  • Loans secured by Certificates or Shares may be financed for up to a six year (72 month) term.


Learn more about Share Secured Loans here.

Kariss Loan OfficerExtension 128
Lindsay Loan OfficerExtension 103
Caitlin Loan OfficerExtension 108
Jamie Loan ManagerExtension 124

Please note: If you apply during non-business hours, we will contact you the next business day.

It’s easy to apply! Call 897-0900 or stop in at the Credit Union and talk to one of our friendly loan officers today!