CD Secured Loans Parameters

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CD Secured Loans Parameters


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Access this screen when "Allow CD secured loans via online/mobile banking" is checked on the Certificate Product Configuration - CD Type screen and Enter is used.

Related Resources


CD Secured loans allows you to offer low-risk loans using the balance of the member's certificate to secure loans opened. Members open the loan in online or mobile banking in a self-service manner.  A pledged share is opened at the time the member opens the loan for the loan amount.  


This screen is used to configure the CD Secured loans product for this certificate type. Use Online Sales Info to access the screen where you write the advertisement the member sees when considering whether to accept this offer.


Field Definitions

Field Name


Loan product code

Use the lookup to select a code or enter a loan product code in the field provided. Only Installment closed-end loans can be selected when configuring CD Secured Loans.  Mortgages and open-end loans cannot be selected.

  • NOTE: The lookup will only present loan products that are closed-end loans, since the feature only supports loan categories that are MEMBER5 loans.

  • NOTE: Many conditions of the CD Secured loan, such as purpose code and security code come from the loan product selected.

Processing fee

Optionally enter a dollar amount for the processing fee charged to the member when they complete opening a CD secured loan.

  • NOTE:  This fee is not charged if the member fails to complete the process and a loan application is created.

Fee CU account

(Required when a dollar amount is entered in the Processing fee field.)  

Enter the fee G/L.

Fee transaction description

(Required when a dollar amount is entered in the Processing fee field.)  

Enter the transaction description for the fee that is used for the member’s statement.

% to add to CD rate to determine loan rate

Enter the percentage to add to the CD rate to determine the loan rate.

  • NOTE: There is no check on your general rate tolerance settings when configuring a CD Secured loan product.  

  • If the certificate rate is tiered, then the member will be offered a different rate on their loan depending on the rate of their certificate.

Payment plans allowed

Select how members will pay back the amount they take out in their loan.  

Select one of the following: Monthly, Single payment due at maturity, or Member can choose monthly payment or single pay.

  • NOTE: No confirmation is made against the system that members can pay down the loan monthly, should they select that option.

Online self service form for eSigning

Optional. Enter a form to be presented when the loan is booked. If this is entered, it is required to book the loan. Otherwise, it will be presented as an application in the pending loan queue. Must be an OL type (Online) form.