Ministry Lines of Credit
Ministry Lines of Credit
If your ministry is experiencing the typical downturn in donations or giving during the summer months, a line of credit from the Credit Union can help. Our Ministry Line of Credit programs are designed to help our members weather the seasonal ups and downs of ministry. Contact us for a free consultation with one of our Ministry Development Officers.
Purpose:
• Temporary relief from seasonal fluctuations in giving
• Temporary funding for events
Terms:
• Secured Payment: the higher of 1.50% of balance or $15
• Unsecured Payment: Contact us
• Term: up to 5 years if secured, annual if unsecured
• Points: .50% to 1.00%
• Annual Fee applies
Interest Rates:
• Contact us
Benefits:
• Manage cash flow fluctuations
• Select secured or unsecured option
• Competitive variable rates
• Automatic payment option
• No pre-payment penalty
+ Ministry Real Estate Loans
+ Share Secured Loans
+ Term Loans
+ Vehicle Loans
+ Ministry Credit Card
+ Contact Us