Borrowing against your own funds is a fast, convenient, low cost way of obtaining a loan. As with any secured loan, you provide the collateral (something of financial value) to guarantee repayment of the loan. In this case, your certificate of deposit (CD) or Savings Account is your collateral. This is an alternative option to paying the early withdrawal penalty to cash out your CD before maturity. It is also a way for high-risk borrowers to improve credit score. If this is a solution to your loan needs, please contact any of our branch locations and speak with our lending officer.