Funds Held

A Funds Held account can give you peace of mind and earn interest credit on temporary, excess amounts of cash. Contributions to Funds Held are advance payments made on the loan. Each month, or each time a payment is due, the amount will first be deducted from your Funds Held account.  

Many members like this "rainy day" feature because if cash-flow is tight and you are unable to come up with a loan payment, the Funds Held account can kick-in and make the payment for you.  

Money in your Funds Held account can be used to make future loan payments, pay taxes or pay insurance. You also can use it as a money-management tool to compensate for fluctuating cash flows, earning  a return on advance loan payments. You can deposit money into your Funds Held account at any time, and the earned interest will be credited with each loan payment.