Secured Loans

Establishing credit is one of the most important things you’ll ever do. Start building yours with us today.


Secured Loan

What You Need:

  • Be a Latino CU member
  • Amount of the credit limit deposited into a frozen account as collateral (minimum of $500)

What You Get:

  • A fixed rate
  • Minimum term of 6 months; maximum of 24 months
  • Loan equal to the amount you have deposited in a savings account to guarantee the loan
  • We report your monthly payment history to Equifax, helping you build up your credit history
  • After one year, you may apply for unsecured credit*
  • Access your account online and do much more with our electronic services. Click here for details

The Fine Print

  • Every time a payment is made, an amount equal to the portion applied to principal will become available on the collateral savings account
  • *Approval is not guaranteed

Secured Credit Card

What You Need:

  • Be a Latino CU member
  • Amount of the credit limit deposited into a Visa Shares account as collateral (minimum of $300)
  • Authorization to run a credit report

What You Get:

  • No annual fee
  • Competitive interest rate
  • No fees for cash advances
  • Grace Period: No interest due on purchases if balance paid in full on the due date and purchases are made during the billing cycle
  • Credit limit equal to the amount you have deposited in a savings account as collateral*
  • We report your monthly payment history to Equifax, helping you build up your credit history
  • After one year, you may apply for unsecured credit**
  • Access your account online and do much more with our electronic services. Click here for details

The Fine Print

  • Late payments, non-medical collection items, and adverse reporting on your credit history may affect your approval
  • Grace period does not apply for cash advances
  • *Funds cannot be withdrawn while account is active
  • **Approval is not guaranteed

We pay you back!

Through higher deposit rates and lower fees. Why wait? Experience the savings that only LCCU can provide.