Savings and Certificate-Secured Loans
About Savings and Certificate-Secured Loans
It can be very challenging to build up your savings. When you have a sizable nest-egg, rather than spend it, you may want to borrow against it. DCU Savings and Certificate Secured Loans give you an economical way to do that.
Rates on loans secured by a DCU Savings Account are a flat rate. Rates on loans secured by a DCU Certificate Account are based on a margin above the rate on the Certificate Account you are using as collateral. See our rates page for current interest rates and margins. The rate on your loan is fixed for the full term. Use our loan calculators to help you determine the loan financing and payment options that are best for you.
Convenient Repayment Methods
Repaying is easy. You can set up your loan for weekly or monthly payments. Each payment will be the same amount. That amount, and how your previous payments were applied to principal and interest, are shown on your regular DCU monthly statement.
You can repay electronically any of three ways. (1) You can repay online with PC Branch with a simple transfer from any of your DCU savings accounts. When you set up Automatic Transfers with PC Branch, it's even more convenient. (2) You can also make loan payment transfers by phone with Easy Touch Telephone Teller. (3) Finally, you can have DCU automatically make the payments by automatic transfer for you. All you need to do is fill out and send us your authorization form. You can even make Loan Principal-Only Payments on Easy Touch Telephone Teller. In addition, you can repay at a DCU ATM, at any DCU branch, or by mail with a loan payment coupon.
You Can Choose Your Payment Amount And Due Date.
With DCU's Payment Choice, you can tell us how much and when you'd like to pay each month and we'll do our best to make it work. This option is available on all consumer loans, including auto, RV, boat, PC, personal, and bill consolidation loans. At DCU, we give you the control.
Apply Today
There are many convenient ways to apply for DCU Savings and Certificate-Secured Loans...
- Apply on line 24 hours a day. Most members get an answer while still online.
- Apply by Phone 24 hours a day through our Loan Call Center with a DCU Representative. Just call 800.328.8797 and select 3.
- Apply In Person– Visit any DCU Branch to apply.
If you have any questions, please speak with a Customer Service Representative at your nearest DCU branch or call our Information Center at 508.263.6700 or 800.328.8797, weekdays from 8:00 a.m. to 11:00 p.m., and Saturdays 9:00 a.m. to 3:00 p.m., Eastern time.
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Digital Federal Credit Union220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797
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© 2011. Digital Federal Credit Union
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