At NW Preferred we allow you to borrow money from yourself while you continue to earn interest on your funds with our Share Secured and Certificate Secured Loans. You can continue to earn interest on your funds used as collateral, while paying a competitive interest rate on the money you’ve borrowed. Your hard earned savings continues to work for you, while giving you access to the money for any purpose.

Share Secured Loans

• Competitive fixed rate
• Repayment terms up to 120 months
• Minimum loan of $250

Certificate Secured Loans

Our Share Certificate Loan allows you to borrow money from your certificates and pay it back within the same time of the certificate term. You will still receive higher dividends on your certificate, so the net interest cost on your loan is typically lower than if you simply took out a loan.

Contact your local branch for more information regarding these loans.

Any IRA funds cannot be used as security for either of these loans.