Finding the Right Personal Loan for You

Life happens — sometimes you need funds for the unexpected, for a big purchase, or simply to make your goals happen. At BluCurrent, we offer three types of personal loans to help our members: Share Secured, CD Secured, and Signature (Unsecured) Loans. Each comes with its own benefits, depending on your financial situation and what collateral you may have available to secure the loan.

Let’s break down how each option works and help you decide which one fits your needs best.

⭐ Share Secured Loans

Borrow Against Your Own Savings

A Share Secured Loan is funded by the money you already have in your share (savings) account. Those funds serve as collateral for the loan, which allows us to offer a low rate — and no hard credit pull is required.

How it works

• Your existing savings are “locked” for the amount you borrow.
• As you make payments, those funds are gradually released and become available to you again.
• It’s a straightforward way to build or rebuild credit while keeping your savings secure.

Key features

• Rate is 2.00% more than your share dividend rate or 3.00%, whichever is higher
• Terms up to 60 months
• No hard credit check

💼 CD Secured Loans

Borrow Without Breaking Your Certificate

If you have funds in a Certificate of Deposit (CD), a CD Secured Loan lets you borrow against that balance — without cashing out your CD early and risking early withdrawal penalties. Just like a Share Secured Loan, your CD funds act as collateral, meaning lower rates and no credit pull.

How it works

• We “hold” a portion of your CD equal to the loan amount.
• Every payment you make releases that portion back as available value in your CD.
• Your CD continues to earn its interest while the loan is active.

Key features

• Rate is 2.00% more than your CD’s rate
• Term cannot exceed your CD maturity date
• No hard credit check

✍️ Signature (Unsecured) Loans

Borrow With No Collateral Required

A Signature Loan is what most people think of when they hear “personal loan.” There’s no collateral involved — approval is based on your creditworthiness and your membership at BluCurrent.

Key features

• Reserved for established members with good account history
• Requires a credit review and underwriting
• Rates vary based on creditworthiness
• Loan amount varies based on monthly income and credit worthiness
• Term varies based on loan balance

So… Which Loan Is Right for You?

A Smart Way to Borrow

Many members are surprised by how secured loans work — you’re borrowing against your own money, but your funds remain safely held and continue to grow (for CDs) while the loan helps you meet current needs. As you repay the loan on time, you regain access to those funds and strengthen your credit history.

It’s a financial win-win: you get the funds you need today and build a stronger tomorrow.

Ready to Explore Your Options?

Our team is here to walk you through your choices, talk through your goals, and help you select the loan that best fits your situation. Whether you’re working on your credit, covering expenses, or planning ahead — we’re proud to support you every step of the way.

Let’s move your financial goals forward — together.