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Personal Line of Credit - Overdraft Protection

Your Line of Credit serves as a
convenient backup to your Share Draft account. Should you
overdraw your funds, the Line of Credit will automatically
loan you the amount of the check without imposing a
transaction fee. You will receive a computer-generated notice
that your Line of Credit has been accessed.
Payments for 5% of the outstanding
balance ($25 minimum payment) will be drawn from your Share
Draft/Checking account on the 20th day of the month, unless
you choose an alternate payment method. You may wish to pay
overdraft advances as soon as they occur.
The Line of Credit rate is variable and
adjusts on a quarterly basis. The rate index used is the 11th
District Cost of Funds Index. There is a secured or unsecured
option. Another option is to use your
Home's Equity to
secure a Line of Credit. You may secure a Line of Credit
with Shares or Share Certificates. Secured Lines of Credit
have a 4% margin, unsecured Lines of Credit have a 6% margin.
Opening your Line of Credit is easy.
Apply
online right now and receive an instant decision.
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