Alternative Payday Line-of-Credit (APLOC)
We offer a $500 line-of-credit for emergency purposes and when a CU member does not currently qualify for an Overdraft LOC.
- The member must have been a members for at least six months and have direct deposit to apply for an APLOC.
- There is a $35 application fee.
- There is a fixed rate of 18% APR on our APLOC.
- The APLOC must be repaid within a three month period, so it is intended as a very short-term loan but can be re-used again when needed.
After one year of positive repayment of an APLOC, the member will automatically qualify for an Overdraft LOC and the rate will be changed to 13% APR and the minimum payment will be reduced to $20 per month.
Our Members make the difference.
Member Since 2006
"My parents have been members of the credit union for more than 30 years and I became a member by default - a kind of family tradition. My parents opened an account for me and I learned how to fill out the slips to take out and put in money. Two of my siblings also have accounts there. I'm working now and feel a sense of pride when I think about being part of the credit union. They're not just people there, they're friends. They all know my name and it's a really friendly place."