AA Credit Union

Spring 2018

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42 | SPRING 2018 LINE OF CREDIT This is a pre-approved, open-end revolving loan, and it's available with a variable interest rate. Payment amounts are based on a five-year payoff and are calculated from the date of the last advance. Minimum required monthly payment is $22 per $1,000 outstanding loan balance. PERSONAL LOAN When you know what you need and when you need it, this is a loan established for a pre-determined period of time with specific loan payments. The rate is fixed for the term of the loan and maximum term is 60 months.* SHARE-SECURED LOAN Obtain a loan at an attractive rate using the funds in your Savings Account (excluding your IRA) as collateral. If you want to reduce your debt or you're simply concerned about the amount of debt you're carrying, our Credit Counselors can help. Working together, we can find a better, easier way for you to avoid financial difficulties and become debt free. GE T STARTED To apply, talk to us in person, by phone or email at crediteducation@AACreditUnion.org. Your counseling will begin with a private, confidential meeting with a professional counselor. At this meeting, you and your counselor will evaluate your debts, spending patterns and goals. You'll then work out a realistic budget for household expenses. THE CREDIT EDUC ATION DEPARTMENT AGREEMENT You'll also sign an agreement that authorizes us to pull your credit report and review it with you. This isn't investment advice. It's a way to achieve your goal of financial independence. Personal Loans Credit Education SHARE CERTIFIC ATE LOAN Use the money in your Share Certificate (excluding your IRA) as security. The rate is fixed for the term of the loan. The maximum term cannot exceed the certificate's maturity date. EXTRA PROTECTION FOR YOUR FAMILY Ask about voluntary Credit Life and Credit Disability Insurance. It's available on most American Airlines Credit Union loans up to $100,000 and can cover your loan payments in cases of death or disability. EDUC ATION LINE OF CREDIT Invest in the future with an open-end, variable-rate Education Line of Credit Loan for private school, college or trade school expenses. We give you options that help you manage tuition, books, board — all the expenses of secondary or private school, college and trade school. * Example: 60 monthly payments of $27.83 per $1,000 borrowed. LIVE CHAT: Representatives are available online to answer your questions Monday through Saturday from 8 a.m. to 5 p.m. CT. Loan

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