Terms & Conditions

¹ Minimum monthly payment will be the greater of 2.5% of outstanding balance at close of business day on statement cycle date, or $25. Minimum payment will be adjusted at each billing or on periodic review by Board of Directors. Payments are due the 15th of each month.
 

Island Line of Credit Finance Charge: The dollar amount you pay for money borrowed is called "finance charge" and begins on the date of each advance. To compute the finance charge, the unpaid balance from each day is multiplied by the applicable daily periodic rate. The sum of these amounts is the finance charge owed. The balance used to compute the finance charge is the unpaid balance each day after payments and credits to the balance have been subtracted and any additions to the balance have been made.
 

Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement including court costs and reasonable attorney fees.
 

Late Charges: You will incur a late charge of $10 for each payment received 10 days or more after due date.
 

Island Line of Credit Annual Fee: $10 (waived for members with BenefitsPLUS)
 

Rates, terms, and fees are subject to change. All loans are subject to credit approval. Your overall credit worthiness will determine the interest rate available to you (Preferred or Standard). Fees and charges may apply.