Line of Credit

  Line of Credit Fast Facts

• Fast  |  Funds are placed in your account in a matter of minutes.
   

• Convenient Draw and Pay Down Options  |  Call Lending or use Members Only.
   

• Small Minimum Draw Size  |  Only $100,000 is needed to draw on the line of credit.
   

• Low Dividend-adjusted Cost  |  Your rate is lower when you consider your dividend.
   

• No Maturity Date  |  Keep the funds as long as you need them.
   

• Shorter Maturities than the alternative  |  A three-month maturity is typically the shortest available for brokered deposits. With the line of credit, it is one day.

  Resources

A New Way to Draw in Members Only 
 

  Test Your Line of Credit with FHLBank

• Make sure you can quickly access funding.
   
• Identify untapped sources of collateral on your balance sheet.
   
• Demonstrate to regulators that you have a source of contingent liquidity (complete with documentation you can share).
   
• The test costs about $1 and takes just a few minutes.
  
   

Test Your Line