| Line of Credit |
Every Corporate America Credit Union member has access to a Line of Credit (LOC), which ensures that payments drawn on your credit union's accounts are not rejected due to a lack of funds. The LOC represents the amount of money Corporate America is willing to lend your credit union at any given time. Your credit union's LOC is calculated based on its historical financial performance. Each line is reviewed and updated annually to keep up with your credit union's changing needs. Once established, your credit union can conveniently access its LOC whenever necessary through either short or long-term loans.
For more information, please contact Corporate America at (205) 313-4300 or (800) 292-6242 ext.100. |
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