We will be adjusting the required minimum payment for your Overdraft Line of Credit to reflect required minimum payment in the Line of Credit Agreement. This will not affect any payments that you have already made to your loan. The Overdraft Line of Credit has been calculating minimum monthly payments that are less than the required minimum payment obligation. This adjustment may cause your minimum monthly payments to increase.
During the COVID pandemic, we allowed the Line of Credit payments to advance for up to three months in order to accommodate those needing financial assistance. We will now be requiring a minimum payment on the Overdraft Line of Credit on a monthly basis. The date this adjustment will take effect is based on your current due date and may not affect all members with a Line of Credit.
We appreciate your membership with Fidelis. If you have any questions regarding these adjustments, please contact us at loans@fideliscu.org.