Overdraft Line of Credit

Overdraft Line of Credit is a loan that is linked to a Family First FCU checking account. If checks or other withdrawals are presented for payment from the checking account without sufficient funds available, the Overdraft LOC will advance money from the loan to the checking account in $100 increments.

There is no fee for the advances, interest rate is only 16% APR for the period of time that the loan balance exists, and the monthly payments on an Overdraft LOC are only $50, but members are urged to payoff the loan as quickly as possible to keep the credit line available for emergencies.