Line of Credit
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What type of credit is LOC?
Revolving
(wrong answers:
Fixed,
Permanent)
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Who can apply for a LOC?
Consumer, Ag & Commercial Members
(wrong answers:
Infants, Toddlers & Pet Members,
Cows, Horses & Pigs)
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What can LOC's be used for?
general day to day household expenses
(wrong answers:
pulling a boat trailer,
smelling flowers)
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Why is a LOC a better suggestion than a Credit Card at times?
LOC has Lower Interest Rate
(wrong answers:
LOC has higher interest rate,
CC has same interest rate)
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What values does a LOC service fall under?
Service Excellence
(wrong answers:
Communication,
Community)
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What should I do if a member wants to add spouse as joint owner on account with LOC attached?
Refer to Lender
(wrong answers:
Stare blankly at the member,
slowly lower down at your wicket)
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How frequently is the LOC reviewed?
Annually
(wrong answers:
Monthly,
Quarterly)