A Line of Credit is a loan that allows you to borrow money and pay it back repeatedly, without having to apply for a new loan each time.
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A Line of Credit, is a loan that allows you to borrow money and pay it back repeatedly, without having to apply for a new loan each time. It is a convenient source of funds for unexpected bills like car repairs and medical emergencies, can be used as overdraft protection, and is handy if you need to write a check or use cash instead of using a credit card.
Funds in a Line of Credit can be transferred to any Sunward account through online banking or our automated phone system and will be available for use right away.
Learn more or apply for a Line of Credit, or call 505.293.0500 or 800.947.5328.
TERM CERTIFICATE LINE OF CREDIT
This type of Line of Credit is a great option if you have a certificate you don’t plan to access anytime soon. You still earn dividends while borrowing against the balance of the certificate. These Lines of Credit don’t require a credit check, making them a good way for young adults to build credit.
SIGNATURE LINES OF CREDIT
If you don’t have money in savings to use as collateral. You can apply for credit based on your income, credit history, and good standing with the Credit Union.
Sunward Certificate and Signature Lines of Credit have no annual fee, and you pay interest only on the money you owe.
HOME EQUITY LINES OF CREDIT
Your home’s equity (its current market value minus what you owe on it) can be a valuable resource. Whether you are planning a home improvement project or have some other use in mind, consider using it as collateral for a Home Equity Line of Credit from Sunward.
