Personal Loans
Line of Credit

Line of Credit (LOC)

Expect the Unexpected.

Your Future Self Will Thank You

A Line of Credit (LOC) can help you when you need to make emergency car repairs, cover bills while waiting for your paycheck, a chance to travel and visit family or just need a bit of extra cash.

Seattle Credit Union Line of Credit

Competitive Rates

Our rates are competitive, even if you have less-than-perfect credit history.

Fewer Fees

There are no origination fees or annual fees to keep your credit line active. We also won’t surprise you with unexpected prepayment penalties when you are ready to pay off the balance.

Peace of Mind

Having a Line of Credit provides peace of mind that when the unexpected happens you will have the resources available to weather the storm.

Skip a Payment

Our Line of Credit typically qualifies for our skip a pay program.

Simplified Money Management

If your income varies from month to month, a Line of Credit can help you better manage your monthly expenses.

Prevent Overdrafts

Attach your Line of Credit to your checking account with ‘Account Link’ to prevent accidental overdrafts.

Line of Credit Rates

See all rates.

Line of Credit
Term	Maximum Loan Amount	APR*, as low as
Term Revolving Line of Credit	Maximum Loan Amount $40,000	APR*, as low as 10.99%-24.99%

Start Your Line of Credit Application

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Call A Loan Expert

Call 855-575-9352

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LOC FAQs

A line of credit is a revolving loan, which means that you can make advances up to your credit limit minus any advances you still have outstanding. You can use a line of credit over and over without having to reapply.

No. You certainly can pay your advances in full, and you will pay less in interest if you do. However, if you carry a balance on your LOC from month-to-month, you will have minimum monthly payments of 2.75% of the outstanding balance or $25, whichever is greater.

There are three ways to draw money from your LOC:

Use Online Banking to draw the funds and deposit them into your Seattle Credit Union checking or savings account.
Call Member Services at 206.398.5500 to make a withdrawal request. Our member services team is available between the hours of 8:00 a.m. – 6:00 p.m. Monday through Friday, and 10:00 a.m. – 2:00 p.m. on Saturdays.
If your LOC is connected to your SCU checking account, write a check for more than the balance in your account. Your LOC will automatically advance enough money into your checking account to cover the check.

If you pay only the minimum payment required each month, it will typically take you around four years to pay off your balance, assuming you don’t make additional advances.

Lines of Credit are subject to closure after 12 months of inactivity.

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