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A personal line of credit is a revolving credit that you can access as you need it, instead of borrowing one lump sum.

A maximum limit will be set at the outset, and you can draw on those funds up to the maximum amount as expenses come up. This is a great option to have as an emergency fund for unexpected expenses. And with no collateral requirement, you don’t need to borrow against your home or your other assets. 

Good for:

  • Those who need varying amounts of funds for different purposes at different times
  • Those who know they will need quick access to a loan at a later time


  • You can take out small sums periodically, as opposed to one lump sum
  • Credit limit of up to $25,0001
  • Interest accrues only on what is used
  • Monthly payments are based on the balance of your loan
  • Loan issued based on creditworthiness, without the use of property or other assets as collateral2

To begin using your personal line of credit:

Tapping your line of credit is as easy as writing a check for purchases or transferring funds from your line of credit to another account. 

Here are three ways to transfer funds:

  1. Use Online Banking or Mobile Banking
  2. Stop by your local Chevron Federal Credit Union branch
  3. Give us a call at 800-232-8101 Monday through Friday, 5am to 9pm, and Saturday, 8am to 4pm Pacific Time. (For those outside the U.S., call 510-627-5000.)

1 Account limits between $2,000 and $25,000. Your Annual Percentage Rate (APR) and account limit will depend upon your credit history and will be determined when a credit decision is made. Other restrictions may apply.
2 Member must complete and submit a full loan application. New accounts subject to application, credit qualification, and income verification. The minimum loan amount is $2,000. Annual Percentage Rate (APR) and maximum loan amount will be based on approved credit. Minimum gross monthly income of $1,000 required. Other restrictions may apply. 

From everyday finance to life’s big money moments, it’s better when you belong.