Personal Line of Credit
When You Need Them
Why Choose Our Personal Line of Credit?
Get fast, flexible access to funds. Whether it’s an emergency or a creative project, our Personal Line of Credit gives you the freedom to borrow on your terms.
- Lower interest rates than most credit cards
- Revolving access to funds
- No prepayment penalties
- Use for emergencies, equipment, travel, or debt consolidation
- Easy transfers via Digital Banking
Benefits and Uses of a Personal Line of Credit.
Pay Off Debt
Use a Personal Line of Credit to consolidate debt at a lower interest rate, freeing up more income to invest in your career.
Emergency Fund
Get the necessary funds to cover health emergencies, equipment breakdowns, or project cancellations, so you can get back on track.
Fast Access to Cash
Get quick access to cash when you need it, whether it’s for a last-minute audition, equipment purchases, or project financing.
Cover Other Expenses
Cover minor home improvement projects, medical expenses, travel, and more with a safe and convenient Personal Line of Credit.
See Today’s Rates
|
APR* (as low as) |
Loan Amount |
|---|---|
|
*APR=Annual Percentage Rate. Rates are variable and subject to change without notice. APR ranges from 12.24% to 18.00% The rate is variable, based on the Prime Rate, as published in the Wall Street Journal, plus a margin. The interest rate is based on creditworthiness and credit history. All Credit Union loan programs, rates, and conditions are subject to change without notice. Loan Proceeds may not be used to refinance existing First Entertainment Credit Union Loans. Debt Consolidation Loans are subject to direct pay to the creditors. All loans are subject to credit approval. The Maximum unsecured amount per member is $30,000, which includes the combined totals on Personal Loans, Union Dues, Personal Line of Credit, and Credit Cards. |
|
|
APR* (as low as) 12.24% |
Loan Amount $500 – $30,000 |
How Our Personal Line of Credit Works
Getting started is simple. With just a few steps, you can unlock flexible access to funds and start using your credit line right away.
- Apply Online or In Branch
Submit your application in minutes through our secure online portal or visit a branch for personalized support.Open Your Personal Line of Credit
Schedule In-Branch Appointment - Get Approved and Access Funds Instantly
Once approved, your credit line is ready to use — no waiting, no hassle. - Transfer Funds via Digital Banking
Move money to your Value Checking Account anytime using our easy-to-use Digital Banking tools. - Repay and Reuse as Needed
Make payments and reuse your credit line whenever you need it.
Find the Right Fit for Your Financial Needs
Not sure if a Personal Line of Credit is right for you? Compare it side-by-side with credit cards and personal loans to see which option best supports your goals and lifestyle.
|
Feature |
Personal Line of Credit |
Credit Card |
Personal Loan |
|---|---|---|---|
|
* Rewards on Credit Cards vary. Please see individual card details for available rewards (if any). |
|||
|
Feature Interest Rate |
Personal Line of Credit Lower |
Credit Card Higher |
Personal Loan Fixed |
|
Feature Access to Funds |
Personal Line of Credit Revolving |
Credit Card Revolving |
Personal Loan Lump Sum |
|
Feature Repayment Flexibility |
Personal Line of Credit High |
Credit Card Medium |
Personal Loan Low |
|
Feature Rewards |
Personal Line of Credit No |
Credit Card Varies* |
Personal Loan No |
Frequently Asked Questions (FAQs)
Got Questions? We’ve Got Answers
You can quickly transfer funds from your loan account to a checking account in Digital Banking, by phone, or at one of our branches.
You can make payments easily through Digital Banking, by setting up automatic transfers, or by visiting a branch. Minimum monthly payments are based on your balance, and you can pay more anytime without penalties.
A Personal Line of Credit typically offers lower interest rates and more flexible repayment terms than a credit card. It’s ideal for planned expenses or emergencies where you want affordable access to funds without the high costs often associated with revolving credit card balances.
Yes! A Personal Line of Credit is a smart option for consolidating high-interest debt. With lower rates and flexible repayment terms, it can help you manage your finances more efficiently and reduce monthly payments.
There are no application fees or annual fees for our Personal Line of Credit. You only pay interest on the amount you use, making it a cost-effective way to borrow.
While credit score requirements may vary, applicants with good to excellent credit typically qualify for the best rates. We encourage you to apply, our team reviews each application individually and considers multiple factors.
Not finding what you’re looking for? See all our FAQs.
What our members say
— Neal Z., Prop Master Read the full member storyFirst Entertainment is the best place for me to be. They’ve done a great job meeting my needs.
What our members say
— Rae A., Wardrobe Stylist Read the full member storyBeing a creative and working on productions, we may have large checks, and First Entertainment makes it easy and worry-free to mobile deposit on the go.
What our members say
— Devin H., Set Lighting Technician Read the full member storyFirst Entertainment is an ideal financial partner because the Credit Union understands the constant flux of the entertainment industry.
What our members say
— Shari H., Director DEI Operations Read the full member storyIt’s important that a financial institution understands the unique needs of the industry it serves in an equitable and empathetic way, and First Entertainment does that well.
What our members say
— Karen S., Makeup Artist (IATSE Local 706) Read the full member storyFirst Entertainment made the mortgage process painless for someone in the industry who has non-traditional work hours and pay history.
Why Join First Entertainment
As part of the entertainment community, you need a financial partner that understands your story. That’s the role we were born to play. We’re member-owned and not-for-profit, so you can count on:
- Great rates and lower fees
- Convenient digital and mobile banking tools
- Branches on studio lots1
- Loans to cover union fees
- Investment and insurance services
- Free credit score monitoring
- Homebuying commission rebates
- Free financial wellness resources
- Easy transfers with Zelle®2
First Entertainment Blog
Check out the latest news and information from First Entertainment!
Dive into the First Entertainment Blog for more helpful articles on staying financially savvy, protecting your money, and making the most of your membership.
Disclosures
- 1
-
Branches are only accessible for those cleared for access.
- 2
-
To be eligible for Zelle®, you must be a member for at least 90 days. To send or receive money with Zelle®, both parties must have an eligible checking or savings account. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.