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Many of SLFCU’s branch lobbies have re-opened for member service with additional safety precautions. Kirtland and Livermore East remain closed. Learn more. To read more about how COVID-19 is affecting SLFCU, click here.

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What is a CreditLine?11/27/2017

A creditLine, also known as a line of credit, is a loan that allows you to borrow money and pay it back repeatedly, without having to apply for a new loan each time. It is a convenient source of funds for unexpected bills like car repairs and medical emergencies, can be used as overdraft protection, and is handy if you need to write a check or use cash instead of using a credit card.

Funds in a CreditLine can be transferred to any SLFCU account through online banking or our automated phone system and will be available for use right away.

Learn more or apply for a CreditLine, or call 505.293.0500 or 800.947.5328.


This type of CreditLine is a great option if you have a certificate you don’t plan to access anytime soon. You still earn dividends while borrowing against the balance of the certificate. These CreditLines don’t require a credit check, making them a good way for young adults to build credit.


If you don’t have money in savings to use as collateral. You can apply for credit based on your income, credit history, and good standing with the Credit Union.

SLFCU Certificate and Signature CreditLines have no annual fee, and you pay interest only on the money you owe.


Your home’s equity (its current market value minus what you owe on it) can be a valuable resource. Whether you are planning a home improvement project or have some other use in mind, consider using it as collateral for a Home Equity CreditLine from SLFCU.

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