Checking Line of Credit


A pre-approved line of credit to use anywhere, anytime, for anything!

A Checking Line of Credit can be assigned to any one of your Morgan Federal Bank checking accounts. Funds are automatically transferred from your Morgan Federal Bank credit line to your checking account to cover checks or other items that exceed your checking account balance.

Advances will be made in $100 increments up to your credit limit. You pay an 18% Annual Percentage Rate on the balance of your Checking Line of Credit from the day the amount is posted to your checking account.

You can choose to pay back your Checking Line of Credit at any time during the statement cycle, even through Online Banking; otherwise, your minimum payment (the greater of 10% of your Checking Line of Credit balance or $25) will be deducted automatically from your checking account at the time of your statement cycle.

There’s no reason to worry about overdrawn accounts – or overdraft fees – with Morgan Federal Bank’s Checking Line of Credit. Please contact one of our customer service representatives or loan officers to learn more.

Additional disclosures will be provided upon receipt of signed application.

Subject to credit approval.

Reorder Checks

Keep your Morgan Federal Bank checking accounts ready to use by reordering checks online. You may order your checks directly through Harland Clarke’s Check Reorder website.

Lost/Stolen ATM Card

If your ATM/Debit card is lost or stolen, please contact us immediately at 970.867.2443 or call 1.800.523.4175 after 5:30 or on weekends.