Overnight Line of Credit ("OLOC")
A quick source of liquidity to help manage daily cash flows and provide funding for various short-term uses
Advantages:
- Same-day access to funds for immediate cash needs
- Low application and annual maintenance fees
- Can be initiated conveniently through 1Linksm, our secure
internet banking system (Save 2 bps on the OLOC rate posted on our public website when you initiate your OLOCs through 1Link) - Interest rate based on current Federal Funds rate
Overnight Fixed-Rate Advances are available to members once the OLOC line has been fully drawn down...more