Loan Secured by Main Account
Borrow up to 100% of the balance in your account for 3% added on the current share rate.
You will continue to earn interest on your savings!
Maximum term is 48 months.
Monthly payments of principal and interest are required.
Loans Secured by Certificate of Deposit
Loans secured by Certificate of Deposit accounts are available at the rate of 3% added on the current rate of your CD.
Loans will mature on the same day the CD securing does.
We must be listed as:
Coastal New England Federal Credit Union
93 Union Street
New Bedford, MA. 02740-6361
Lienholder Code: #1894
Terms and conditions are subject to change without notice. Please contact the credit union for current requirements.