The Overdraft Line of Credit is linked to the member’s checking account to protect the account in the event it is ever overdrawn.  Should the account be overdrawn, the line of credit will automatically advance to ensure that checks are not returned.  The amount of the credit line is determined by the member’s overall credit picture, job stability and outstanding debt.  The loan can also be used to advance funds when requested in person, by phone or through Touch Tone Teller.  When the automatic loan advance is used, funds are transferred to the checking account in $50 increments.  Monthly payments are $50.00.

Product Features:

• Member must have checking account.
• Member must qualify for the loan.
• Minimum line of credit is $500.
• Maximum line of credit is $1,500.
• Loan automatically transfers to checking in $50 increments when overdraft situation is about to occur.
• Minimum payments can be made or entire loan amount can be paid – there are no pre-payment penalties.
• Prevents checks from being returned and incurring an NSF (Non Sufficient Funds) fee.
• Can be advanced by Touch Tone Teller,  by phone or in a branch.
• Application can be made via phone, in a branch or through the website.

Product Benefits:

• Security – prevents embarrassing NSF checks.
• Economical – prevents NSF fees.
• Easy – can apply on-line, by fax or by phone.