Overdraft Protection Line of Credit
What is the maximum line of credit available?
$30,000.00
What can members use their Redi-Cash loan for?
Anything they want!
What is the interest rate?
As low as 8.99%
How does Overdraft Protection work?
Overdraft Protection Line of Credit is an open-ended line of credit used in conjunction with a checking account. This protection is activated when you overdraw your account.
What is Overdraft Protection?
Overdraft Protection Line of Credit is an open-ended line of credit used in conjunction with a checking account. This protection is activated when you overdraw your account. That means no more bounced checks!
What is a Redi-Cash loan?
Redi-Cash is what LFCU calls their Overdraft Protection Line of Credit. An Overdraft Protection Line of Credit is actually a loan product - Redi-Cash is just LFCU's name for the product.
How does a member access their Overdraft Protection Line of Credit?
The line of credit is tied to their LFCU checking account. The line will be automatically advanced when the borrower doesn't have enough funds in their checking account to cover a check or debit they've authorized. Members can also go online or to a branch location and transfer funds from the line into their checking account.
Where do employees find the most up to date information about the Redi-Cash product?
www.lfcu.org/borrow/personalloans