How are future advances handled?
Once your Interest Only line-of-credit is established, future advances are quick and easy. You will be issued a book of checks that you can write anywhere they are accepted. We can also send you a check or deposit the advance into your Argonne Credit Union account. An advance can also be made through Home Banking. There is no charge to make an advance. Although the minimum initial advance of $5,000 will be disbursed on the first day following the expiration of the rescission period, future advances can be made for as little as $500. Advances may be made at any time during the contract period. This draw period may be refinanced at your option.
