You can use the balances of your savings or certificate account as collateral for your Jax Federal Credit Union loan and you will continue to earn dividends on your savings or certificate account. This allows you to borrow needed funds and still earn dividends. As the loan balance declines, the secured funds become available, except for term share certificates.

Loan amounts vary. For a share secured loan, we can loan up to 100% of the available balance in your savings account. For a certificate secured loan, we can loan up to 90% of the balance of the certificate.