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LANCO’s $1,000.00 Courtesy Line of Credit will be available for you in the event that your LANCO checking account becomes overdrawn.1
We know at times unanticipated expenses and unforeseen problems can leave you with too little cash in your checking account.
At LANCO we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly. However, we want to save you from the additional merchant fees and the embarrassment that can result from a returned check.
There’s no application fee, no annual fee, and no interest or other fees charged until you have used the funds. In the event that you need to access your LANCO Courtesy Line of Credit the following will apply:
- 12.49% APR2
- $20 advance fee per occurrence
- Minimum monthly payment required3
To apply for LANCO's $1,000.00 Courtesy Line of Credit*, you may:
*If there is a joint owner on your account, they must also complete the application. |
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- Courtesy Line of Credit is available on personal accounts only.The primary source of
overdraft
protection
is the share account that is on the same account number as the checking account.
- Annual Percentage Rate (APR) is subject to change at any time.
- $100 minimum monthly payment required. If balance is less than $100, payoff amount is due.
Pre-approvals for all loans are available and will be held at the specific rate for 30 days. Loans may be paid by monthly payments or through payroll deductions.
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