U of I Employees Credit Union
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Personal Loan FAQ

What if I need to borrow money, but donít have collateral?
Members can borrow from the credit union for any reason. Any loan that is not secured is considered a personal loan.
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What is a line of credit?
A line of credit is simply a loan with an established credit limit. The benefit to this type of loan is that the member can advance funds on this account, as often as they like, up to the maximum credit limit. We offer two different types of products under this plan,Prime Credit and Overdraft Protection.
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How is my credit limit determined?
Our underwriting process considers such things as income levels, current liabilities, and credit history to help us determine the credit limit.
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How does it work?
After the initial application, members sign a Plan Agreement. This will allow the advance of funds in the future without completing another application. A phone call or email is all that is needed. We just update your personal information, ask for any changes to debt or income, and process the advance by either sending a check or depositing the money to your credit union Savings or Checking account. Our Ready Credit and Prime Credit lines have the added convenience of self-guided advances through I-Branch Home Banking.
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What is Overdraft Protection?
Overdraft protection is a loan tied to your UIECU checking account. To avoid returned checks. NSF fees, or Courtesy Pay charges the amount you are short will be advanced on your overdraft protection loan and deposited to your checking account.
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Phone Terms and Conditions Illini Union Branch, Urbana    
Local 217-278-7700      
Toll Free 877-678-4328        
PO Box 500
Champaign, IL 61824-0500

UIECU Routing Number
Once a member, always a memberShared BranchingEqual Housing LenderNCUA

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