Dear Members,
We have received reports from other financial institutions that there has been an increase in fraudulent activity. Fraudsters are claiming to be from financial institutions with the goal of getting your account and other identification information. If you receive an unsolicited call, email, or text from anyone claiming to be with Downey Federal Credit Union, feel free to call us at (562) 862-8141 to verify before providing any information.

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Share-secured Loan

Share-secured Loan


  • Borrow up to 100% of the balance in your savings account
  • Fixed APR+ is 3% above current savings dividend rate
  • Funds on deposits continue to earn dividends
  • No borrower qualifications
  • Terms up to 120 months
  • A great way to establish credit with a secured loan
Apply Now
Interested in a Share-secured Loan?

Simply provide your name and phone number and we’ll give you a call.

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Or call us at 562.862.8141


  • 10-day grace period on payments
  • Payment is based on term of loan with a maximum term of 10 years
  • Payments can be made in branch, by phone, by mail, via online banking or direct deposit
  • The terms of repayment, which reflect the repayment obligations over the full term of the loan, incliding any balloon payment (i.e. 48 monthly payments of $22.20 per $1,000 borrowed. Rate 3% + saving dividend .15% = 3.15% APR)
  • Late payment charge (more than 10 days late): 20% of the interest due that month
  • No application fee
  • No pre-payment penalty