Open-End Signature Loans

With unlimited access to your credit line through real-time loan advances,1 our variable-rate2 Open-End Signature loan is one of our most flexible finance options.3

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Loan Specifications

  • 10.75% APR4,5 for new originations
  • Minimum payment based on the outstanding principal balance
  • Can serve as a protecting account for your Credit Union Checking account through participation in our Overdraft Transfer Service6

How to Access Your Funds

If you have an existing open-end signature loan, you can process a real-time loan advance1 for immediate access to your funds.
1 To advance funds, you must have agreed to the terms of our Online Services Agreement, and your loan must be accessible through your online services and authorized to perform online loan advances.
2 The APR cannot increase by more than 1% each quarter over the previous quarter and cannot exceed 18%.
3 Members must be 18 years of age or older to be eligible for lending services. Lending is limited to residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia.
4 APR = Annual Percentage Rate. APR is the cost over the loan term expressed as a rate.
5 The APR is calculated by adding the index rate to the loan margin. The index is the 26-week Treasury Bill rate set on or after the 15th day of the second month of the previous calendar quarter adjusted up to the nearest 0.25%. The loan margin is 4.00%. The index rate for this product cannot be less than 6.75%.
6 Overdraft transfers made from an Open-End Signature loan are considered loan advances. Transfers can be made up to 100% of the unused line of credit plus $200. Fees may apply. See the Overdraft Transfer Services page for more details.