Share Pledge Loans
A share pledge loan is a loan pledged against a savings account or share certificate on deposit with Omaha Douglas Federal Credit Union. Funds equal to the balance of the loan are frozen in the savings/certificate account. As the loan balance is paid down, funds are released back into your available balance. On share certificate pledge loans, the loan term is up to the maturity date of the certificate.
Payroll deduction is a painless and convenient way to make your loan payments. It helps you avoid writing a check, mailing payments, or coming in to the office to make payments. In addition, many of our loan rates are discounted by .25% if payments are made through payroll deduction and an additional .25% if you have an active checking account in good standing with Omaha Douglas FCU.
Low cost credit life and credit disability insurance are available on most loan products.