Lines of Credit

Summary

The End of Summer Loan


Introducing The End of Summer Loan from Kern Federal Credit Union. Enjoy rates as low as 7.99%* for up to 60 months from now until September 8th. As summer comes to a close, take that last minute vacation before the kids go back to school. Need a new computer or books? The Summer loan is great for those small expenses just before the kids go back to school. The possibilities are endless! Apply today!


Have financing readily available whenever you need it. A line of credit offers flexibility to pay for what you need, when you need it. Pay interest only on what you use, so you never take out more than you need.

Our In-house servicing makes borrowing more efficient and quick! Open a line of credit today.


Fee Change Notification


As of September 1st 2015 Kern Federal Credit Union will be changing the fees associated with some of our products and services.


Fee Type: Overdraft Transfer Free


$5 will be charged to the checking account for each advance from a savings account or line of credit to cover transactions for which funds are not available or insufficient.


Have financing readily available whenever you need it. A line of credit offers flexibility to pay for what you need, when you need it. Pay interest only on what you use, so you never take out more than you need.

Our In-house servicing makes borrowing more efficient and quick! Open a line of credit today.


Preferred Draft Account

  • Personal revolving credit line — draw funds whenever you need them
  • Also provides overdraft protection to your Kern FCU checking account
  • Pay interest only on your balance owed
  • No annual fee.
  • $5 fee per transaction
  • Low Variable APR, based on your credit qualification
  • Particularly useful for those who have ongoing borrowing needs — home repairs, improvements, college, hobbies, and more.
  • Peace of Mind — Easy access to significant credit when you need it

Overdraft Protection Loan

  • Provides overdraft protection to your Kern FCU checking account
  • Pay interest only on your balance owed
  • No annual fee.
  • $5 fee per transaction
  • Peace of Mind
  • Easy access to emergency money when you need it. Much less costly than overdraft or short term payday loans


* Financing on approved credit up to 60 months. For a $15,000 loan for a term of 60 months with a 7.99% APR, the monthly payment will be $304.13. This rate includes a .25% discount for automatic payments from a Kern Federal Credit Union checking account. If automatic payments are cancelled, the interest rate will increase by .25% with a corresponding increase in the payment. Without the automatic payment discount the interest rate is 8.24% APR, and the monthly payment will be $305.93. The Annual Percentage Rate (APR) information above is guaranteed until September 8th 2017. If you choose to fund the loan after September 8th 2017 the APR will be the rate in effect at the time of funding. Debt Consolidation loans do not qualify for the sale rate. If borrower chooses to consolidate debt, regular underwriting guidelines and interest rates will be used. Loan approval based on credit evaluation and income verification. Other program terms and rates may be available, please call 661-327-9461 for additional program details. Federally insured by NCUA.