Quick Tips & Info

• No collateral required
• Great to have for unexpected emergencies
• LOC does have a variable rate
• Consider the maximum monthly payment you may have to make for your budget
• As you pay money off what was used on the LOC, it becomes available for your use again
• Keep the balance at 50% of your available amount to help keep your credit rating good
• Ability to set this up as Overdraft Protection for your checking account.  Then if you do not have the funds available in your accounts to cover a check, it will take it off your Line of Credit and pay the check. This will also avoid Non-Sufficient Fund fees.
• When set up for Overdraft Protection from LOC there is only a $4 transfer fee compared to a $25 Non-Sufficient Fund fee or Courtesy Pay fee
• Debt Protection available which includes unemployment, life and disability
• Transfer funds, obtain balance information, make loan payments and check history 24/7 with our free and easy to use Electronic Services: Online Banking, Mobile Text Banking, Telephone Banking, or visit an ATM