Lines of Credit

Summary

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.


The 2017 Resolution Loan

Bundle holiday bills, finally take that vacation or get ready for spring with the 2017 Resolution Loan from Kern Federal Credit Union! Borrow up to $10,000 and enjoy rates as low as 7.74% APR** for up to 48 months.

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

SIGNATURE LOAN

  • Loans available up to a maximum of $35,000
  • Competitive interest rates with a choice of fixed rate for the term of the loan or a low variable rate*
  • Quick and convenient application and funding


*Variable rate is subject to change based on the 91 day treasury bill


**Financing on approved credit up to 48 months. For a $1,000 loan for a term of 48 months with a 7.74% APR, the monthly payment will be $31.22 The Annual Percentage Rate (APR) information above is guaranteed until August March 31st 2017. If you choose to fund the loan after March 31st 2017, you will be subject to current underwriting guidelines and the APR will be the rate in effect at the time of funding. Loan approval based on credit evaluation and income verification. Interest rate quoted is with automatic payments from a Kern Federal Credit Union checking account. Without automatic payment the interest rate increases by .25% and the monthly payment increases to $31.34 per $1,000. Other program terms and rates may be available, please call 661-327-9461 for additional program details. Federally insured by NCUA.