Quick access to cash when you need it most: a Line of Credit can help cover an unexpected expense or even an overdraft!

The main advantage of a Line of Credit (LOC) is the built-in flexibility. You can request a certain amount but you do not have to use it all. Rather, you can tailor your usage of the LOC to meet your needs and only pay interest on the amount you use. In addition, you can adjust the repayment amount as needed, based on your budget. For example, repay the entire balance owed at once or, just make minimum monthly payments.

Consider it a safety net for when money is tight. It comes with a low-interest rate and manageable monthly payments.

Transfer the funds right into your account or withdraw cash at any time. This is a great tool for overdraft protection! 

The main difference between a line of credit and a credit card is that it can be linked up to an account at Community West Credit Union.

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Benefits of a line of credit: 

  • Low interest rate
  • Manageable monthly payments
  • Transfer funds right into your account
  • Withdraw cash at any time
  • Link to any CWCU account
  • Use as a form of overdraft protection
Last Updated: April 2, 2020
Prime* + 7.00% Monthly VariableCurrently 10.25% APR** (Prime at 3.25%)

*Prime Rate as of 03-15-2020: 3.25% APR
**APR = Annual Percentage Rate. Subject to change. APR may be higher depending on your application.
Note: Certain loans may have more requirements.

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