What is it?
The CU1000 - L38 is a Line of Credit loan with the following features:
- Minimum Credit Line of $500 and a maximum of $1000*
- Minimum monthly payment of $100
- Minimum advance of $250
- Rate
- No Credit Report will be pulled for this advance (unless the CU1000 Line of Credit Loan is your first loan request with the State Farm Federal Credit Union.)
- The catch? It may take 7-10 business days to process your request once we receive it (we'll notify you as soon as it's completed!)
*One CU1000 loan per member at a time. An existing CU1000 Personal loan cannot be refinanced and must be paid off before opening a CU1000 Line of Credit.
How can you get it?
- Be a SFFCU full services member
- Be 18 years of age or over
- Be in good standing with Credit Union
- Have 12 months of continuous employment with your current employer
- Have not caused State Farm Credit Union a loss
- Are not in the process of filing bankruptcy
- Do not have a CU1000 Personal loan (it cannot be refinanced)
Simply request it!
- Complete the CU1000 Line of Credit Request Form
- Complete and sign the Member Protection Program contract (borrower) (MPP coverage not required for this loan, but the signed form is required if this is your first loan request, or if one is not on file for your lending plan.)
- Complete and sign the Loan Application. An application is only needed if this is your first request for credit with the State Farm Federal Credit Union. Please complete all information. (Applicants residing in a community property state, even if married, may apply for individual credit.)
- Submit the forms to your local branch office.
Aren't a Credit Union member?
