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FAQs – Borrowing Capacity

Q:

How is my borrowing capacity calculated?

Total borrowings from the Bank, including a member's unused IDEAL Way line of credit, should not exceed the value of a member's qualified collateral that has not been pledged to outside sources. Please refer to the Borrowing Capacity section of the Products and Solutions Guide Adobe PDF icon.

Q:

How do I set up or increase my IDEAL Way line of credit?

The Bank typically approves IDEAL Way lines of credit equal to two percent of a member's assets. To request set up or increase, please contact the Money Desk. Requests for IDEAL Way lines of credit in excess of two percent of a member's assets must be submitted in writing.

 
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