Personal Line of Credit Loan

Borrow once, use as you need.

Line of Credit 101

A personal line of credit (affectionately known as a PLOC) functions like a credit card without the plastic. You’ll be approved for a total amount you can borrow, then you can make additional advances (aka withdrawals up to that amount) whenever you want — without a loan officer’s approval.

Cover the big things one little bit at a time.

Rather than being your go-to source for everyday purchases, this loan shines brightest as a resource for paying your way through big, ever-changing cost situations like home renovation projects or much-needed vacations. A PLOC stands apart from traditional loans because you get to control how much you withdraw and when, and you’ll only pay variable interest on the money you use, not the full amount.

Loan Features

Always in your pocket

On the couch or on the go, keep your money close with our Mobile App and Online Banking.

Where you go, we go

Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway.

Goal setting made simple

Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.

Rest easy

With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.

One year of possibilities

Once you’re approved, your term will be revolving with a one-year initial draw period. You must make one advance annually, or your line of credit will be closed.

Cash within reach

You can access your line of credit funds by using your debit card at an ATM, or by writing a check.

Free yourself

From loan application fees, and from advance fees. It’s always free to apply for a Line of Credit, and once you’re approved with an open line of credit, you’ll never pay for member-initiated (that’s you) advances.

Get by with a little help

Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera.

Get Started

Give yourself some wiggle room. Apply for your own Line of Credit today. With no application fee, what are you waiting for?

Member Resources

Show me the quick links! These are the things we always seem to need and can never seem to find.

Credit Life, Disability, and Unemployment Protection
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Ensure that you and your loved ones are financially secure even if unplanned accidents happen. Add MEMBER'S CHOICE payment protection on your loan. The protection steps in when your family needs help making your loan payment should you become disabled due to a covered illness or injury, become unemployed, or pass away before paying off your loan.

Sorry to bring the mood down, but we've got to talk safety first. If you have a question or would like to add MEMBER'S CHOICE to your loan, email us and we will be happy to help.

Submit a Payment Protection Claim
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Need to submit a claim? No problem, we've got you covered. You can submit a claim at myclaim.cunamutual.com. If you have any questions, please text us at 931.431.6800 or email us at info@forteracu.com and we will be happy to help.

Loan Calculator
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This calculator helps determine your loan or line payment. For a loan payment, select fixed-term loan. For a credit line payment, you can choose 2%, 1.5%, or 1.0% of the outstanding balance or interest only.

Need a hand?

You've got the Q's, we've got the A's. Give us a video call and let's chat face-to-face.

What is the difference between a Personal Loan and a Personal Line of Credit?
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The two biggest differences between a Personal Loan and a Personal Line of Credit are the types of interest rates for each loan and how one receives their funds. Personal Loans are fixed-rate loans and they are given to the member in one large lump sum. Personal Lines of Credit are variable rate loans and members receive access to a line of credit. They can borrow as much as they need without having to commit to a large lump sum.

What is a Personal Line of Credit (PLOC)?
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A Personal Line of Credit (often abbreviated to PLOC) is a loan that functions similarly to a credit card (sans plastic.) You apply for a certain amount of funds and once you’re approved for a total amount to borrow, you’ll make advances (aka withdrawals) up to that amount whenever you want — zero fees or additional approval required. It helps to think about a PLOC like a life line that you tug on when you need a little bit of extra support. Just tug on the line and make withdrawals that work for you. This means you are only borrowing the money you need to complete a project, not one giant lump sum like a traditional loan.

Can I make additional payments on my Personal Line of Credit?
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Yes! You can make additional payments on your Personal Line of Credit.

What would I use a Personal Line of Credit for?
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This loan is great for projects that don't have a fixed price. If you are remodeling your kitchen, adding a deck to your home, paying for some additional college courses, etc. this is a great option for you. It allows you the flexibility to borrow what you need instead of requiring you to borrow a larger sum.

How many times can I withdraw money from my Personal Line of Credit?
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As many times as you would like. There is no limit to how many times you can make a withdrawal on a PLOC.

What documents do I need to apply for a Personal Line of Credit?
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To verify your identity, we always ask that you come prepared with a government issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. If you have a question about whether or not an ID can be used, just text us at 931.431.6800. Call or email us at info@forteracu.com to learn what additional documentation you will need.


Can I apply for a Personal Line of Credit online or do I need to apply for it at a branch location?
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You can apply for this loan online or in-person. The choice is yours.

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What's New

Nitty, gritty, and super important.

Fine print is your friend. When you have a minute, give these a good read:
Member Service Agreement
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Privacy Policy
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