Holiday Loan Line of Credit

Open a New Loan


Get extra money for holiday shopping or travel.

 

Apply for a Holiday Line of Credit

  • Get up to $1,500 at 16.99% APR1 for 12 months
  • Applications accepted online or by phone October 17 through December 15, 2019

Have a Prior Holiday Line of Credit?

  • Renewal letters2 were mailed on October 17
  • Funds available October 17 through December 31, 2019 

Get your Holiday Funds Faster!

 
Disclosures
1 APR=Annual Percentage Rate. The estimated monthly payment on a $1,500 line of credit at 16.99% APR for 12 months is $137. Eligibility to applyfor a MECU Holiday Line of Credit: Must be a MECU member in good standing with an existing direct deposit of net pay or allotment equal to or greater than the monthly Holiday Line of Credit payment for a minimum of three pay cycles, or a Baltimore City Employee/Retiree, at the time of application; current on all MECU loan accounts; no MECU loan or deposit charge-offs; and no open bankruptcies. Requests are subject to approval. If approved, funds will be deposited into your MECU Primary Share account, typically within 10-14 business days following receipt of your completed
loan documentation.

 2 Eligibility for renewal of an existing MECU Holiday Line of Credit: Must be a MECU member in good standing with a balance of at least $5 in your MECU Primary Share account; current on all MECU loan accounts; no MECU loan or deposit charge-offs; and no open bankruptcies. Available funds will be calculated by taking your current credit limit minus any remaining balance due, and accessible from October 17 through December 31, 2019.