On Demand Credit Line
An On Demand Credit Line, also known as a Personal Credit Line, is a loan that can be used as overdraft protection if you overdraw your checking account, or as a traditional loan. Available funds in your credit line will be automatically transferred into your checking account so you don’t bounce any items. Billing occurs monthly with a minimum payment of 5% of the balance or $25, whichever is greater.
FEATURES
FIXED RATE LOAN
This credit line has a fixed interest rate that won’t change.
REVOLVING CREDIT
Like a credit card, when you make a payment, that amount is available for use.
LINKED TO CHECKING
This credit line can be integrated directly with your checking account.
INTEREST ON BALANCE
Save money by only paying interest on outstanding balances.
RATES
| Type | APR |
|---|---|
| On Demand Credit Line | 14.00% |
APR = Annual Percentage Rate. APR is effective as of 1/1/2018 and is a variable rate. An overdraft protection transfer fee up to $3 may apply based on your Member Rewards level and will be charged to your checking account.
If you are already a member and want to apply for a product online, it’s easier to apply once you’ve logged into our Online Banking system. That way we can save you time by pre-filling the application with the general information we already have on file for you.
