Certificate (CD) Secured Loan

 

Need money now, but don’t want to pay the penalty for withdrawing from your Shared Certificate(CD)? We are excited to offer the Certificate (CD) Secured Loan. With no need for an underwriter or credit check, you can get the money you need faster.

Members can apply conveniently through ItsMe247 Online Banking or Mobile Banking. With just a few clicks, the funds will be automatically distributed into your savings or checking account.

Apply for a CD Secured Loan Online

Want to see the steps before applying, see the instructions for either the ItsMe247 Online Banking option or the Mobile Banking option.

ItsMe247 Online Banking

  • Log into ItsMe247 Online Banking
  • Click Get Loan in the Borrow From column on the Account Summary Page.Screenshot of ItsMe247 Home Page
  • Once on the Burrow Money Secured by Your Certificate page, you can select:
    • Loan Amount (up to your CD dollar amount)
    • Deposit Account: Which account you would like your loan funds deposited .
    • Processing Fee: Select which account you would like the loan processing fee to be withdrawn from.
    • Payment Plan: Monthly or One-Time (at Maturity)
  • Click Continue.
  • Review the information on the pop up screen. If correct select Get Loan.
  • You will need to electronically sign edocuments. 
  • Click View & Sign All to begin the signing process.
  • Select Review Documents.
  • After reviewing forms, scroll to bottom of the page and click Start.
  • Select a font for your signature and click Adopt and Sign.
  • Scroll through the document and click Tap to Sign/Tap to Date to sign the form.
  • When form is signed and dated, click Finish to complete signing process.
  • Select Download Signed Documents to keep for your records.
  • Finally, click Submit & Continue.
  • Once completed, the deposit will appear in your account summary page. 

Mobile Banking

  • Log onto the TBACU Mobile App.
  • Select Accounts on the bottom menu bar.
  • Click Savings/Checking.
  • Select the Shared Certificate you would like to take a loan out of.
  • Click Get Loan.
  • Here you will be able to select:
    • Loan Amount (up to your CD dollar amount)
    • Deposit Account: Which account you would like your loan funds deposited .
    • Processing Fee: Select which account you would like the loan processing fee to be withdrawn from.
    • Payment Plan: Monthly or One-Time (at Maturity)
  • Click Continue.
  • Review the information on the pop up screen. If correct select Get Loan.
  • You will need to electronically sign edocuments. 
  • Click View & Sign All to begin the signing process.
  • Select Review Documents.
  • After reviewing forms, scroll to bottom of the page and click Start.
  • Select a font for your signature and click Adopt and Sign.
  • Scroll through the document and click Tap to Sign/Tap to Date to sign the form.
  • When form is signed and dated, click Finish to complete signing process.
  • Select Download Signed Documents to keep for your records.
  • Finally, click Submit & Continue.

Need assistance? Please contact our Service Center at 231.946.7090 or stop by a branch.

*Term cannot exceed maturity date on the loan and the dollar amount cannot exceed the current balance of the CD. Assuming the funds have not already been secured by another loan (or the CD has been frozen), the member is pre-approved up to a certain dollar amount and term.