Personal Line of Credit

Access cash when you need it most. When unexpected expenses are thrown your way, tap into your personal line of credit.

Available funds when you need them, anytime, for anything you want

Here’s how Coastal’s Personal Line of Credit could help you bank better:

  • Payments based on the amount you actually use, not on the amount of your line of credit
  • Use your line anywhere you would use a check
  • No Origination Fees
  • Pay off your loan early at any time with no penalty
  • Enjoy competitive interest rates and flexible terms

Just the Facts

Extra Money

  • Covers debit purchases, and checks when your account is not sufficient
  • Access emergency cash when the need arises by transferring what you need via Online Banking
  • Can help you meet your borrowing needs or help manage your cash flow
Adjustable-Rate Mortgage
Adjustable-Rate Mortgage
Apply for this flexible home loan if you plan on paying it off, refinancing or moving before the rate adjusts.

I was able to buy my first home on my own without using all of my savings.
Margaret H.

Frequently Asked Questions

The primary savings is considered the membership account which provides our members with voting rights at the credit union and will always need to remain open and active as long as there are share products or loan products listed under the housing account.

There are two options to make principal only payments. (Excludes first mortgages and VISA Credit Cards)

You can pay an extra amount at the same time you make your regularly scheduled payment. The extra amount paid will automatically be applied to the principal balance. The regular payment and the extra amount must be applied on the same date with this option.

You can make principal only payments at other times as long as your loan is current. Please note, a principal only payment will not advance your due date, and will not take the place of normal monthly payments.

When mailing a check for principal only payments, clearly indicate in the memo section of the check, "PRINCIPAL ONLY" and the account number. Any payment applied as principal and interest, that is not notated "PRINCIPAL ONLY", cannot be reversed and reapplied later.

Please send payment to:
Coastal Federal Credit Union:
ATTN: Payments/Deposits:
PO BOX 58429, Raleigh NC 27658-8429

Please email with any questions.

Yes, if you wish to add more funds to your loan or increase it in anyway a new application will need to be submitted

You do not need to have a first mortgage with Coastal to obtain a HELOC.

Coastal only issues 1098 Mortgage Interest Statements for accounts that paid $600 or more in interest during the calendar year. The exact amount of interest paid on your mortgage loan is listed on your December statement.

All loans are subject to approval.

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