The Annual Percentage Rate (APR) for our undergraduate private education line of credit is variable1 and is based on the 1-month LIBOR index2 Index plus a margin.

The current offered rate3 will be between 6.00% and 9.00% APR.

Your Interest Rateis calculated by adding the Index plus a Margin5, subject to a minimum APR (Floor)6. The Floor rate is in effect any time the Interest Rate is below your assigned Floor rate. 

All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice.

Credit union membership and a minimum share deposit is required. Contact us for membership details. 


  1. Your Interest Rate is variable and may be adjusted quarterly based on the Index. Any increase in the Index may increase the APR and may increase the amount of your monthly payment.

  2. As of April 1st, 2018, the 1-month LIBOR rate (Index), as published in the Wall Street Journal, used is 1.69%. For a new line of credit, the Index used is the rate as published on the first business day of the last month immediately preceding each new quarter.

  3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval will depend upon the student borrower’s and co-borrower’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

  4. The Interest Rate will not exceed 15.00%, or fall below the Floor rate regardless of the Index.

  5. Margin will be disclosed at account opening. This Margin is added to the Index to determine the calculated interest rate.

  6. Floor rate is in effect any time the calculated interest rate is below the assigned Floor rate. The Floor rate will be disclosed at account opening.