Share-Secured Loans Click Here to Apply Online A Share Secured Loan is a loan secured by funds you have in your share account. (NOTE: Spectrum also offers Certificate-Secured Loans.) Lower Interest Rates (3% above Share Dividend Rate). Loan Is Secured By Funds In Share or Certificate Account. Makes loan processing and funding even faster! No Loan Fee - can save you even more money! Two Types Available (depending how you choose to pay the loan back) Offers You More Flexibility: You can make payments on a schedule, or You can make a lump sum payment. Share-Secured VISA Spectrum FCU offers members a Share-Secured VISA - which is a VISA card secured by the amount of money one has in a Spectrum share account. It works much like a Certificate Secured Loan in that the loan amount is limited to a specific share secured balance, but the rate is different (and of course it's a credit card) and you can only charge up to the amount pledged. A share-secured Spectrum VISA is typically used by members to rebuild credit or who want to use a credit card and want to leave their share savings account balance untouched. The amount of required shares pledged for a Share Secured VISA is 110% of the card limit. Members are required to pledge 110% of the credit limit to ensure that there are funds available to cover interest rate finance charges. Need more information? Spectrum offers online resources for our members to research investing, saving, credit, insurance, budgeting, and similar topics. To help adults ages 18-30 manage their money effectively, we’d like to suggest MoneyMix™: Launch Your Life. And members of all ages will find a wealth of financial and lifestyle information at the Home and Family Finance Resource Center. Please note that Spectrum provides these links for your information only, and has no control over, or responsibiliy for, their content.