Share Secured Loans
Members may wish to use their own money to secure a loan at ACMG Federal Credit Union. The member's share account still earns dividends, but a specified share amount is pledged on the loan until it is fully repaid. During the loan period the member pays interest on the loan based on a rate set forth by ACMG's Board of Directors. Benefits of a Share Secured Loan include a lower interest rate on the loan, flexible loan terms - 1 month to 144 months -- and the fact that the member can earn interest on the money pledged in their share/saving account.
Payment Protection is available to help protect your family, credit rating, collateral and yourself. Contact any loan officer for further details.
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