unLOCk Loans

An unLOCk loan is an open-ended line-of-credit. How you choose to use the money is up to you. Similar to credit card, you can access the credit as needed and then pay it back monthly or all at once.  As you repay the line-of-credit, your available credit increases up to the original line-of-credit amount.

Benefits of Getting an unLOCk Loan.

• Affordable interest rates assist with paying down or eliminating credit card debt, other debt or helping manage unexpected expenses.
• Maximum credit line is $10,000.
• Easily access additional funds from your line-of-credit through Home Banking.
• Monthly statements reflecting all your activity and your expected payment.
• You can apply on-line or print the application and drop it off at the Credit Union.
• Payments can be automatically deducted from shares or share drafts.

Information Required as Part of the Approval Process.

• Verification of income from all borrowers – paystubs within the past 30 days and/or all other income sources.

Download PDF Form Option

Of course, for those of you who prefer to apply using a paper form, you can download a PDF form HERE. You can populate the form on your computer, print it out and deliver in person at the Credit Union.

You can email this information to newloans@kenteachfcu.com or fax it to (716) 877-6456.