Unsecured Loans

1. Line of Credit
   • Limits are based on length of credit union membership, credit score, debt ratio, and salary. Maximum unsecured limit for any member is $10,000.00
   • Interest rate and credit limit is evaluated every 3 years.
   • Members with credit scores below 600 do not qualify for Lines of Credit until a 5 year borrowing relationship has been established at the credit union.
   • Repayment terms are 3% of the credit limit per month, ($3.00 per 100 borrowed) with a minimum of $25.00
2. Closed End Personal Loan
   • Limits are based on length of credit union membership, credit score, debt ratio, and salary. Maximum unsecured limit for any member is $10,000.00
   • This type of loan is used for members that do not qualify for a Line of Credit
   • Repayment term is 1 year per $1000 borrowed
3. Co-signer Loan
   • Maximum loan amount is $5,000.00
   • Repayment term is 1 year per $1000 borrowed
   • Both primary borrower and co-signer must meet approval criteria.
   • Interest rate will be based on combined average of primary borrower and co-signer's credit score.
4. VISA Credit Cards
   • Maximum limit is $10,000.00
   • Repayment term is 3% of outstanding balance with a minimum of $25.00 per month.
   • Interest rate is based on credit score and ranges from 9% to 18%

***The combined total of all unsecured loans including a VISA Credit Card, cannot exceed $10,000.00 for any member. Cosigner loans are excluded from this limit.