A Line of Credit Can Go to Work for You

From major home damages to medical expenses, a need for extra cash can come out of nowhere. No matter how well prepared you may be, even the best planning can't anticipate everything. When you're looking for a quick, simple and reliable way to increase your cash flow without the commitment of a traditional loan, a line of credit from St. Cloud Federal Credit Union can be the right answer for you.

Home Equity Credit Line

A Home Equity Line of Credit is a form of revolving credit in which the equity in your home serves as collateral for money when you need it. Instead of borrowing money with a loan agreement that needs to be paid back on a set schedule, a home equity line allows you to draw out money when you need it, without the need to visit the Credit Union, to access quickly in your checking or savings account.

• Minor out of pocket expenses that may be tax deductible
• The Credit Union’s Home Equity annual percentage rate is based on the six month Treasury Bill and is guaranteed not to increase more than 2% annually
• No pre-payment penalties 
• No annual fee

Anytime Access Line of Credit

An Anytime Access line of credit is a revolving line of credit with flexible terms that allow you to call on the funds you need, whenever you need them.

• Provides checking overdraft protection
• No account opening fee
• No interest charges until funds are used
• Easy access to funds

There's no reason life circumstances should set your finances back. When you need assistance, our loan experts are ready to get to you on the right track. Apply for a credit line to meet any financial need!