Benefits of a personal line of credit with UCU 

A personal line of credit is a simple and affordable way to get on top of your finances. You can use the funds to pay for anything you like, or you can keep the money in reserve for a rainy day. You can even use your line of credit to consolidate your debt.

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Only pay interest on what you use

Pay a low APR* on your monthly balance -- and if you don't use your credit line, it won't cost you a dime.

Use your funds for any purpose

There are no restrictions on how you use your personal line of credit -- pay for anything you need and want.

Quick and simple access to funds

Use digital banking to easily transfer funds from your credit line to your checking account.

Personal Line of Credit Features

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How to use a personal line of credit

  • Pay for home renovations, car repairs, or any other expenses

  • Keep for an emergency fund

  • Consolidate or pay down debt

  • Pay for home renovations, car repairs, or any other expenses

  • Keep for an emergency fund

  • Consolidate or pay down debt

  • Pay for home renovations, car repairs, or any other expenses

  • Keep for an emergency fund

  • Consolidate or pay down debt

 

 

Our application process is quick and simple

You can apply for your Personal Line of Credit anytime, anywhere!

 

 

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"Excellent customer service, very friendly staff."

★★★★★

- Marie D.

Personal Line of Credit FAQs

How is a personal line of credit different from a personal loan?

A personal line of credit is like a credit card -- you can use it as much as you like, or use it when you need. You only pay interest on the funds you use. 

Your monthly payment varies with how much funds you use, and your interest rate is variable, too. You'll have a limit on how much funds you can use. The period of time you can use the funds for is called the draw period. 

By contrast, a personal loan means you get a lump sum of cash and you pay it back in equal amounts every month over the loan term. You agree to a fixed interest rate, which is part of your monthly payment.

What can I use my personal line of credit for?
Will a personal line of credit help improve my credit score?
How is interest calculated on my personal line of credit?

Helpful resources to boost your finances

Calculator

Calculators

The more you know, the better prepared you are to make great choices for you and your family. Crunch the numbers for monthly budgets, student loans, retirement, and more.

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Learning Center

Learning Center

Access dynamic and interactive tools on your laptop or mobile device, 24/7. Gain a wealth of knowledge on subjects such as 529 plans and college financing, mortgages, and estate planning.

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UCU Blog

UCU Blogs

Read an array of engaging articles so you can master topics from HELOCs to loans, credit scores, and credit cards. Search for your favorite categories and get links to take your next steps.

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