Share Secured Loans
A share secured loan allows you to borrow against your existing Mattel FCU deposits. This is particularly great if you’re looking to build or improve your credit. For example, if you have $1,000 available in your savings account that you do not plan on using, you can open a $1,000 share secured loan. Although this would freeze the funds in your savings account for the life of the loan, the funds used as collateral can be held in an account that continues to earn dividends effectively lowering the total costs of your loan.
Contact a Loan Representative at 310.252.4545 to apply today!