Secured Lines of Credit

Convenient You decide when and where to use your Secured credit line. Borrow as often as necessary. No need for a new application each time, no waiting for approval. You can request an advance anytime by calling, writing or visiting the Credit Union. Your money will be ready in a matter of minutes. Or simply overdraw your Share Management Account(SMA). Write a check. Use your Visa Check Card. Make an ATM withdrawal.

Write Your Own Loan Write yourself a loan -- anytime, anywhere. With our Advance Checking option, you use a separate checkbook of personalized loan checks. Then each check is charged directly to your Secured credit line, without depleting your other balances.

Overdraft Protection (Applies only to stock prime loans) Your Secured credit line will automatically cover any overdraft in your Share Management Account up to the full amount of your credit line.

High Credit Lines Your Secured credit line is limited only by the amount of eligible savings on deposit. From a hundred to a million dollars, your Secured credit line reflects your lifestyle and resources.

Economical Credit this convenient is usually very costly -- if you can get it. But with a Credit Union Secured Line of Credit, you will enjoy an affordable rate. Generally the resulting rate is significantly less than prime. There are no annual fees either. Your Secured credit line costs nothing until you use it.

Flexible You tailor payments to fit your budget. The usual, interest-only payments let you maximize your cash flow. Or you can opt to schedule higher monthly payments. Or make extra payments anytime -- even pay off part or all of your balance. There's never a prepayment penalty at your Credit Union.