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Safety Line - Personal Line-of-Credit The Personal Line-of-Credit is the perfect complement to your Nassau Educators checking account. With a Personal Line-of-Credit and any of our checking accounts, you can write yourself a loan any time you need it, up to your available credit balance, just by writing a check. The Personal Line-of-Credit is also perfect for overdraft protection: when you write a check that's too large for the balance in your checking account, you can have your Personal Line-of-Credit act as your overdraft account and automatically create a loan in the amount of your overdraft, saving you from the embarrassment and expense of returned checks. The Personal Line-of-Credit costs you nothing to maintain. If you never use it, it doesn't cost you a cent. When you do use it, you pay interest only on the amount you borrow, for the time you borrow it. There are no per-transaction fees on the account. It really is the perfect loan! - A variable-rate revolving line-of-credit
- Can act as overdraft protection on your Nassau Educators checking account
- Costs nothing to maintain the account
- Easy monthly repayment terms
- As you repay your balance, your available credit increases
- A monthly statement shows all activity on your account
- Part of our Managed Credit Program
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