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General Electric Credit Union

Anytime Line of Credit

Access to cash when you need it most.  

Use it to fund all of the surprises life throws your way.

Apply Online
Anytime Line of Credit: A personal loan to finance just about any need

Our Anytime Line of Credit (ALOC) can help with just about anything.

Whether you're consolidating high-interest debt, purchasing big-ticket items, funding major life events, or handling unexpected bills – when you have multiple needs for cash over time, an ALOC is a great solution.

Features include:

  • Rates: As low as 8.75% APR* 
  • Line of credit amounts from $500 - $50,000
  • No annual or per advance fees
  • No collateral required
  • 25 free checks; $10 per box thereafter

One of the most convenient ways to access this line of credit is through Online Banking or our mobile app; simply transfer the desired amount (up to your available limit) to your GECU account or an account you have at another institution. You may also call us or stop-in to make a transfer from your line of credit to a GECU account. 


Applying is Easy

 

 

 

*APR = Annual Percentage Rate. For qualified borrowers only. The Anytime Line of Credit limits will range from $500 - $50,000. The rate is variable and adjusts with the Prime Rate. The Prime Rate is from the Wall Street Journal; currently 4.75% as of 11/01/2019. There is a minimum rate of 6% and maximum of 18%. Credit will be reviewed annually and the rate will adjust according to the member’s credit score at the time of review. Payments are 1.5% of the balance; for example, $15.00 for every $1,000 borrowed, subject to a minimum payment requirement of $25.00. The due date will be on the last day of each month, no exceptions; only able to pay ahead one month.

We provide Online Banking and our mobile app to you for free; however, message and data rates may apply. Contact your service provider for details.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.


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