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Share Secured Loan
A Share Secured Loan uses your own funds to place in a savings account at Abbey. These funds are frozen and used as collateral to grant you a cash loan. You to earn credit as you "pay back" the loan. Once the loan is paid back in full, your funds are released back to you
- Minimum of $500
- Lower rate than a Credit Builder Loan
Credit Builder Loan
Credit Builder loans require the funds from the loan to be deposited into an Abbey account to be held while the loan is being paid back. The entire amount will be held until the loan is paid in full and then the member will have access to those funds.
- Minimum of $500
Secured Credit Card
Member funds are placed in a secured account. The amount placed in the secured account is used as the limit on the credit card. Members may use the credit card as they would any other card, making purchases, making payments.
- Minimum of $300
Need additional help?
Trinity Debt Management could help!
Abbey Credit Union partners with Trinity to provide invaluable assistance to effectively help you meet your financial goals and manage your debt while equipping you with essential resources you can rely on during your journey to financial freedom.