The thing about expenses…they tend to come up, and then come up again. A personal line of credit from FAA FCU provides a convenient solution for expenses that seem to pop up pretty regularly or just every now and then.
Once your credit line is established, it can be used for a wide range of personal needs without the need to continuously reapply. We offer competitive rates and budget-friendly repayment terms on credit lines up to $10,000. Talk to us about opening a line of credit today.
- Competitively low rates for a wide range ongoing or seasonal needs:*
- Education expenses
- Major life events
- Major home improvements
- Medical expenses
- Emergency reserve
- And much more!
- Maximum credit line available up to $10,000
- Budget-friendly repayment terms*
- Funds available anytime without reapplying; apply once, then use as needed thereafter
- Funds conveniently available via CU*Talk, our 24-hour Automated Money Information Phone System, online, or written requests to FAA FCU
- Revolving credit – available balance replenishes as you make payments
- Easy repayment options; payroll deduction and automated payment (from checking or savings) available
- Can also be used as overdraft protection from your checking account
- Quick and easy online application to expedite the process
- Local decision-making and processing
- Attentive, customized service from a lender who understands your unique needs
*Financing rates and terms based upon credit worthiness, age of collateral, and amount financed. All lines of credit subject to periodic review to determine credit advances.
Skip-A-Pay
There are times in life when it helps to have additional cash on hand. At FAA FCU we offer a *Skip-a-Payment for those times. If you have loans in good standing with us, you may qualify to skip your next loan payment.
The option to skip your loan payment is a year round benefit for our members. A $30 fee applies to each payment that is skipped. Skipping a payment does not impact your credit score but it is important to know interest will continue to accrue during the waived payment period, causing the total amount of interest paid over the life of the loan to increase. The deferred payment is simply added to the end of your loan term.
This feature is available via the mobile app and online banking. Once logged in to your account, select a loan suffix and the Skip a Payment Option to see if your loan qualifies. You may also visit or call your local branch for assistance.
*Fee applies. Not all loans qualify. Mortgage, Home Equity Loans, Home Equity Line of Credit, Visa Credit Card are not eligible for Skip-a-Pay.
