In 2021, CU*Answers released online CD-secured loans. This feature allows network credit unions to offer new loans to members with a qualified share certificate account. This member-initiated process let’s members pledge funds from an existing share certificate to secure a new loan account 100% online.

With the May 2022 release, the feature expanded to savings accounts. Online share-secured loans have the same functionality as CD-secured loans, but now regular share accounts can be used to secure the new loan.

Both options include the ability for the member to eSign a note and disclosure when accepting the offer.