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A Line of Credit provides you with financial freedom to cover unexpected expenses, tackle home projects, overdraft protection or manage daily purchases. As you pay down your balance, you can use the Line of Credit again without reapplying, giving you continous access to available funds if and when you need them.
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Our competitive rates make for low monthly payments.
Rates based on chosen loan amount.
2% of the advance balance or $30, whichever is greater.
Simply click here to get started or apply via Online or Mobile Banking.
No worries - becoming a member is easy! Simply click here.
If you have questions or need assitance, please contact us.
Stop by an office or receive an email — we'll do the final closing in-person or electronically.
Pick your level of protections from Credit Life and/or Credit Disability.
Your designated Personal Loan Officer will contact you directly to help complete your loan your way.
DISCLAIMERS
*Rates and loan terms subject to credit approval. Other conditions may apply. Membership eligibility required. Rates are subject to change without notice. Contact the Credit Union for full details.
Payment Example: A $10,000 Line of Credit Loan at 10.20% Annual Percentage Rate (APR) with a monthly payment of $200 payment will be 2.00% of the advanced balance with a minimum payment of $30, whichever is greater.
Requirements: Loan will be approved through normal underwriting guidelines.
Eligible Loan Types: Line of Credit (Persnoal) Loans.
Loan Amount: Loan amounts will vary based on credit, income, employment, etc. My Pensacola CU will work to help find an amount with a payment you are comfortable with.
**Repayment Terms: The actual APR may vary based on the applicant's credit score. The maximum loan term will depend on the loan advance amount.
Contact the credit union for full details.
Interest Rates: Rates are determined by the member’s credit score.
Skip-A-Payment: Members are allowed the option to skip up to two (2) qualifying loan payments within every 12-month period for a $30 Online or Mobile Banking Skip-A-Payment fee, or a $40 in-person or via phone Skip-A-Payment fee. Interest still accrues on any skipped loan payments.
Fees: There are no processing fees.
Early Payoff Penalty: None.