Whether you need to make emergency car repairs, cover bills while you are waiting for your paycheck, or just need a bit of extra cash, an SMCU Line of Credit (LOC) can be the right tool for you. Even if you don't think you need a line of credit now, having an LOC available when unexpected problems happen can make you glad you planned ahead.
The rates on SMCU Lines of Credit are among the best in the Seattle area, even if you have less-than-perfect results.
Because Seattle Metropolitan Credit Union is a not-for-profit financial cooperative, there are no origination fees and no annual fees to keep your credit line active. We also won't hit you with unexpected prepayment penalties when you are ready to pay off your balance.
When you need to borrow against your line, you'll feel better knowing that your credit union is only interested in making sure you get a great loan product at our best possible price.
Manage Your Monthly Income
A Line of Credit can help manage your monthly expenses, especially when your income varies from month to month. It can be a great alternative to payday loans and help you avoid the high fees charged by some check-cashing companies.
Account Backup Service
You can attach you LOC to your SMCU checking account to act as an Account Backup Service. If a check tries to clear when you don't have sufficient funds in your account, the LOC will automatically transfer funds to cover it. You don't have to worry about moving funds and can avoid costly overdraft or returned check charges. If you back up your account with an LOC instead of a savings account you will not be charged the $5 Account Backup Service Fee.
If you become ill or lose your job, monthly bills can pile up quickly. When you add SMCU's Debt Protection to your SMCU Line of Credit, you get peace of mind knowing that your payments are covered while you get back on your feet. You can finance the cost of coverage into your loan for just a few dollars each month. Some conditions apply. Learn more.
SMCU's innovative Anytime Skip-A-Pay program allows you to skip up to two line of credit payments every twelve months with the payment of a small processing fee. Anytime Skip-A-Pay gives you the flexibility to deal with unforeseen expenses like home repairs or unusually large credit card bills without causing any damage to your credit score. Some conditions apply. Learn More.
If you want to learn more about any of our products, services, or about becoming an SMCU member, stop by a branch, give us a call at (206) 398-5500 or toll-free at (800) 334-2489, or simply enter your email address below and we’ll contact you.
Getting your loan at SMCU could not be more simple. There are three easy ways to apply:
Call our specially-trained loan experts, who are happy to answer any questions you might have. They can take your application and get you a decision while you wait, in most cases. Call 855-575-9352 to get started.
Stop by any of our convenient branches to talk with our helpful, friendly branch representatives. They can help you figure out which loan is right for you and get you a decision fast.
1 Conditions and restrictions apply. Click here for more details.