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Maximum amount of any loan is the lesser of: a) 50% of the Member's Vested Account, reduced by any outstanding loan balance, or b) $50000, reduced by the highest outstanding loan balance during the one-year period ending on the day before the loan is made.
Minimum amount of any loan is $1000.
Maximum number of outstanding loans is 1. (An existing loan may be combined with a new loan request but the original loan term duration will still apply.)
Maximum term of any loan is 5 years.
- Loans can be paid out in the form of a check or a direct deposit
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