Secured Loans

Do you have assets that you would like to pledge as collateral? Then a secured loan may be right for you. Whether you are looking to purchase a new equipment, a motorcycle, boat, recreational vehicle or even a plane, we can help you!

Most common secured loans cover:

  • Equipment

  • Watercraft (boat, jet skis)

  • RVs (motor homes, travel trailers, campers, ATVs)

  • Motorcycles

Other secured loans we offer:

Certificate Secured Loan*

If you currently have a term share certificate with HTFFFCU, this loan is available to you. With the interest rate only 2% over your existing Term Share Certificate rate, this loan allows you to borrow against 100% of the balance of your Term Share Certificate. And you are not losing any dividends you have already earned - you can continue to earn them

Share Secured Loan*

With this loan you are allowed to borrow against 100% of the balance of your saving account (minus the initial $5 deposit) at only 3.25% APR. The funds are secured by the money in your savings account but you will continue to earn dividends.

Secured Loan Rates updated as of January 1, 2024.

Loan TypeTerm In MonthsFixed Rate APR*
Boats, RVs, Equipment, Motorcycles, Jet Skis, Travel Trailers, Campers, Motor Homes and Other Vehicles excluding New and Used Cars, Trucks and SUVs1-485.75% - 12.75%
49-84¹6.75% - 13.75%
85-180¹10.75% - 18.00%
Share Secured LoanN/A3.25%
Certificate Secured LoanN/A2.00% above highest variable

The payment examples below are based on a 10K secured loan for terms ranging from 24 months to 48 months

EMP stands for Estimated Monthly Payment. Rates will vary depending on credit score.

Credit Score RangeLTV RestrictionsInterest RateEMP for 24 monthsEMP for 36 monthsEMP for 48 months
700+Max LTV is 140% $5,000 over NADA retail value5.750%$442.10$303.10$233.72
650-699Max LTV is 140% $4,000 over NADA retail value6.750%$446.61$307.64$238.32
600-649Max LTV is 140% $3,000 over NADA retail value8.750%$455.72$316.85$247.68
550-599Max LTV is 110% Minimum contribution is 10%10.750%$464.94$326.23$257.26
Below 550Max LTV is 110% Minimum contribution is 10%12.750%$464.94$326.23$257.06

¹Longer terms may be restricted by the dollar amount of the loan. Ask a Credit Union representative for details.
All rates are subject to change without notice. Some restrictions apply.