Secured Loans

A TOHEFCU share secured loan enables members to obtain a loan using the funds in their savings account.


  • Rates at 3% over the deposit rate being paid on the share account
  • Any type of share account may secure a loan (except IRAs and Money Markets)
  • The secured savings account continues to earn dividends while being used as collateral

Please Note: The amount in the secured savings account must at least equal the outstanding loan balance and cannot be withdrawn. The amount of the loan payment that goes toward the principal balance is correspondingly made available in the savings account.