Flex Line of Credit
A smart personal loan that gives you on-demand access to ongoing funds.
What’s a Flex Line of Credit?
It’s a flexible line of credit approved for a predetermined amount or credit limit. You decide how much to draw and when and what to use it for – a great funding option for whatever life throws your way. As you repay what you borrow, your line gets replenished in that amount. Use the funds to pay off credit card balances and other high-interest debt, make home improvements, or even fund your next dream getaway.
- Make withdrawals via online and mobile banking
- Transfer funds directly into your checking or savings account
- $1,000 – $10,000 line amount
- $500 minimum draw amount with 5-year draw period
- Variable rate, based on Wall Street Journal Prime Rate*
- No collateral, no prepayment penalty, no annual fee
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Debit Card Rewards
Enjoy exclusive savings on everything from apparel to travel, courtesy of our debit card rewards program – a small “thank you” for your membership.
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Testimonials
22 years of great experience of friendly, helpful, resourceful service. Thank you!
Got questions? We’ve got answers. Don’t see an answer to your question here? Contact us, and a team member will be happy to help.
You can apply online, in-person at one of our branch locations, or by calling our Member Contact Center at (847) 578-7000.
You can access your Flex Line of Credit yourself by making a transfer to your checking account using Online or Mobile Banking. You can also call us at (847) 578-7000 or visit a branch.
The Flex Line of Credit has variable rates, so the rate may vary monthly based on the prime rate.
To request a credit limit increase, visit a branch or call our Member Contact Center at (847) 578-7000 (Mon-Fri, 8:30am-6pm, Sat 9am to 2:00pm).
The prime rate is the interest rate banks and credit unions offer their most creditworthy customers and is largely determined by the federal funds rate. The most used prime rate is the one published daily in the Wall Street Journal.
If the rate is fixed, it stays the same for the entire length of the loan. A variable rate is subject to change based on the prime rate.
GAP Insurance
Get coverage for the difference between what you still owe and what your auto insurance company will pay if your vehicle is badly damaged or totaled.
Mechanical Breakdown Protection
Get coverage for repairs on eligible used vehicles, typically for less than an extended warranty from a dealership.
Financial Calculators
Crunch the numbers to estimate your personal loan monthly payment.
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Each time you use your debit card or bill pay or write a check, we’ll round up and transfer that amount from checking to a savings account.
Disclosure:
*The Annual Percentage Rate (APR) is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. Loan limits are between $1,000 and $10,000. Subject to underwriting approval. The initial rate will remain in effect until the first rate change date as described. The subsequent APR is a variable rate based on the highest Prime Rate as listed in the Money Rates Section of the Wall Street Journal on the first business day of the month.
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