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MiLOC

The Military Line of Credit (MiLOC) is offered to our current military service men and women and veterans who have limited to no credit history.

By opening a line of credit, you can rest assured that when you need it, the funds will be available.

  • Borrow up to the credit line of $1,000 at 9.99% APR*, which is lower than many credit cards
  • Military employment will be verified during the approval process

*Annual Percentage Rate. 9.99% corresponds to a monthly periodic rate, which equates to a daily rate of 0.027370. Payment example: for a Military Line of Credit of $1,000 at 9.99% APR, the minimum payment would be $48.67. The minimum payment will be 5% of the outstanding balance or $1.00, whichever is greater.  A discount of .25% can be taken if member elects CL/CD or has a checking account with direct deposit.

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