Share Draft Line of Credit

When you open your share draft (checking) account make sure you apply for the line of credit. It's an automated Line of Credit attached to your Share Draft account, and if you make an error in addition or subtraction on your account, it will save you the cost of embarrassment of a Share Draft being returned for non-sufficient funds. When a line of credit is used it is done in $50.00 increments, so if your draft account needs $20.00 or $50.00, a Share Draft Line of Credit Advance will be issued. There is no service charge for the Share Draft Line of Credit Advance, only the loan's interest.

This line of credit is usually set up at the time you open your Share Draft account, but you can apply anytime by calling the credit union or stopping in.

Click here for rates on share draft line of credit.