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Personal Line of Credit (PLOC) Terms and Conditions: The Annual Percentage Rate (APR) for the Personal Line of Credit (PLOC) is an open-end variable rate determined by the Prime Rate plus a margin. The APR will fluctuate with the Prime Rate (the index) as published in the Wall Street Journal. As of February 10, 2026, the variable unsecured personal line of credit APR provided by Municipal Credit Union (MCU) ranges from 11.75% to 17.25%, with the margin varying based on credit score. Account approval is subject to credit assessment. Lowest rates reserved for the most credit-worthy borrowers.

A 0.25% direct deposit discount is available only at the time of application. If the direct deposit is removed, then the discount is removed.

To apply for a Personal Line of Credit, you will be required to authorize MCU to conduct a credit check, which will appear as a hard inquiry and may impact your credit score. The line of credit may be reduced or further extensions limited under certain circumstances.

Approval requires new or existing MCU membership.

The Personal Line of Credit will be linked as an overdraft protection line for any MCU checking account. The overdraft items may not be paid and a NSF fee assessed if the Personal Line of Credit lacks sufficient available credit to pay the overdraft item and the transaction may be declined. There is no annual fee and no per transaction fees for overdraft protection and the standard APR will apply to any advances to cover paid overdraft items.

The Personal Line of Credit Agreement and Disclosure outline the terms and conditions, while the Truth-In-Savings Rates and Fee Schedule specify the applicable billing amounts for your MCU deposit accounts. You can obtain a copy of the disclosure by visiting a branch, going to https://www.nymcu.org/forms-and-disclosures, or calling 1-844-MCU-NYNY (1-844-628-6969).

MCU reserves the right to modify or discontinue products and benefits based on market conditions and borrower eligibility.