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First Bristol Federal Credit Union. Northeast Family Federal Credit Union. Windsor Locks Federal Credit Union. Community Healthcare Credit Union. State Police Credit Union Inc. Credit Union.
Dutch Point Credit Union. Connex Credit Union. Membersfirst Ct Federal Credit Union. Tri-town Teachers Federal Credit Union.
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Collateral, simply put, is a valuable asset given to the lender to hold during the life xheck the loan. Its value helps guarantee the lender that you will credt the loan. In this way, collateral lowers the risk to the lender while raising the risk to the borrower. Secured loans require collateral. They are ideal for financing expensive purchases; the collateral in play lowers rates and gives borrowers more time to pay off the loan.