Loans
Pledge It! Loan
Why let money stand in the way of:
- Your children's education...
- Vehicle purchase...
- Small business expansion...
- Or any of your heart's desires?
Let your money generate wealth for you.
Take a CECU loan and Pledge It!
Loans are valued at $3,000, $6,000 and $12,000
or any amount you wish.
Earn $5,247.17 and pay only $28 a week
| Year | Investment Value | 5.75% Compound Interest |
| 1 | $3,000.00 | $ 172.50 |
| 2 | $3,172.50 | $ 182.42 |
| 3 | $3,354.92 | $ 192.91 |
| 4 | $3,547.83 | $ 204.00 |
| 5 | $3,751.83 | $ 215.73 |
| 6 | $3,967.56 | $ 228.13 |
| 7 | $4,195.69 | $ 241.25 |
| 8 | $4,436.07 | $ 255.12 |
| 9 | $4,692.07 | $ 269.79 |
| 10 | $4,961.86 | $ 285.31 |
| Total Value Earned | $5,247.17 | |
Earn $20,988.67 and pay only $113 a week
| Year | Investment Value | 5.75% Compound Interest |
| 1 | $12,000.00 | $ 690.00 |
| 2 | $12,690.00 | $ 729.68 |
| 3 | $13,419.68 | $ 771.63 |
| 4 | $14,191.31 | $ 816.00 |
| 5 | $15,007.31 | $ 862.92 |
| 6 | $15,870.23 | $ 912.54 |
| 7 | $16,782.76 | $ 965.01 |
| 8 | $17,747.77 | $ 1,020.50 |
| 9 | $18,768.27 | $ 1,079.18 |
| 10 | $19,847.45 | $ 1,141.23 |
| Total Value Earned | $20,988.67 | |
Disclaimer: Rate used for dividend will be approved at the Annual General Meeting of the year.
All loans are subject to normal lending criteria:
- Must be within the loan policy
- Member must be in good standing
- Pledge loan for a minimum of 1 year
- Must be a member for 6 months if applying for a loan over shares
- Proper documentation must be provided (Payslip, supporting documents for loan).
View Loan Requirements.
Download your loan form by clicking on the link below,
ask your Liaison Officer, or Contact Us for further information.
Contact Us for further information on CECU's Pledge It! Loan.
