If you just need to borrow money for a brief time and don't want to use money from your savings, LGFCU has personal loan options to meet that need.
You don't always have to use your savings when you need funds for a short term. Consider the LGFCU Share Secured Loan. This loan allows you to borrow money and use your share account as collateral.
For short-term borrowing, LGFCU offers many types of term notes including unsecured, share, share term certificate (STC), vehicle or token secured. Find out which one may be a good fit for your borrowing needs!
1 APR = Annual Percentage Rate.
2 The APR cannot increase by more than 1% each quarter over the previous quarter and cannot exceed 18%.
3 The APR is calculated by adding the index rate to the loan margin. The index rate is the 26 week Treasury Bill Rate set at the first auction held on or after the 15th day of the second month of the previous quarter adjusted up to the nearest 1/4%. When the loan is repaid by Payroll Deduction or Funds Transfer, the loan margin is 2.00%. When the loan payments are made directly to the loan, the loan margin is 2.50%. The index rate cannot be less than 6.75%.