Personal Lines of Credit

Are there any transfer fees when I access my personal line of credit for checking account overdraft protection?

I paid off my personal line of credit and want to borrow again. Do I need to re-apply?

How can I access my personal line of credit?

Why am I being asked to fill out a financial statement?

Does my interest rate remain the same until the balance is paid off?

Are there any transfer fees when I access my personal line of credit for checking account overdraft protection?
No there aren’t, which makes it so convenient.

I paid off my personal line of credit and want to borrow again. Do I need to re-apply?
A personal line of credit does not have a fixed term like a loan. It’s a flexible way to get money when you need it without having to re-apply.

How can I access my line of credit?
You can access your personal line of credit yourself using Internet Home Banking or QuikLine Phone Banking, or request that a check be sent to you or a deposit be made to your credit union account.

Why am I being asked to fill out a financial statement?
When your total unsecured loan limits with Virginia Credit Union exceed $35,000, we will request a financial statement in order to complete the application process.

Does my interest rate remain the same until the balance is paid off?
Personal lines of credit have variable rates, so the rate may vary monthly based on the prime rate.

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