Skip to content

Saver Loans

"Saving first and enjoying later," sums up First Central's unique spin on the age-old saving advice of paying yourself first. The Saver Loan gives you financial confidence in knowing you will have money saved for special occasions, a down payment, or emergency situations. By making monthly payments to your Saver Loan, you can also establish or re-build your credit status.

Funds will be on hold in the share account for up to 12 months or until loan is paid in full. Once the saver loan is paid, the funds will become available for withdrawal.

We have solutions with low interest rates, fast processing, and convenient repayment terms. Plus, you can always rely on efficient, personalized service from people you trust.

  • Minimum of $500 share-secured financed
  • Maximum of $1,000 share-secured financed
  • Not based on credit score with 18.00% Annual Percentage Rate
  • Loan to be repaid in 12 months or less
  • Re-builds credit as credit history, debt ratio not considered
  • Helps establish credit and improve credit status with automatic payment transfer from your credit union account
  • Easy application process
  • Fixed interest rate not based on credit score
  • No application fees or pre-payment penalties
  • Friendly, experience loan advisors
  • Quick local decisions
  • Personal service from your trusted credit union