Need some extra cash? We'll make an extra effort to get it to you.
DATCU offers great car and mortgage loans. But sometimes you need to borrow for other reasons. To consolidate debt or cover medical bills. To repair your car or replace your furniture. To pay for college or a special occasion. Whatever your needs, we can offer an affordable solution.
Line of Credit
It's sort of like a credit card. After you apply, DATCU will set a credit limit. You can then access money — through checks or online banking — anytime you want for vacations, educational costs, or unexpected expenses. After you pay it back, you can use the same money over and over again for other needs. (Helpful hint: Many members set up a Line of Credit as overdraft protection for their checking account.)
Your word is good with us. Just sign on the dotted line, and we'll give you a lump sum of money to use for whatever you need. This is a good way to consolidate high-interest debts and credit card balances into one easier-to-manage payment. You'll pay us back with equal monthly payments over a set period of time.
Savings Secured Loans
It can happen to anyone. Life throws us a curve, and our finances take a hit. We can help you recover with a loan that uses your DATCU Share Savings or Share Certificate account balance as collateral. It's an excellent, low-cost way to rebuild your credit score as your savings continue to earn dividends.