Consumers Reserve Personal Line of Credit

Need help with unexpected expenses? A Consumers Reserve Personal Line of Credit may be the answer! This option offers approved customers access to funds on an as-needed basis. It’s kind of like writing yourself a loan whenever you need it!


Financing can be used for a variety of needs

Qualified borrowers can access between $500 to $2,500

Advances are in increments of $100

Annual fee of $30.00 waived for first year

Current rate- 13.74% APR* This account has a variable APR* and is determined by The Wall Street Journal Prime Rate plus a margin of 5.74%. Because the Prime Rate may vary, your APR will go up or down if the Prime Rate changes. The maximum APR* will be 13.99%.

No transaction fee to access your Reserve

Minimum payment is $10 or 3.00% of balance, whichever is greater**

Cash Reserve must be linked to your Consumers Bank Checking Account

Separate Cash Reserve checks provided for account access

Links to your checking to provide easy access to your available credit line

The line of credit must be paid in full and closed if the linked Consumers Checking Account is closed

Credit inquiry and underwriting standards apply

*APR=Annual Percentage Rate

**Includes Interest

Consumers Reserve is a personal, unsecured loan between $500 and $2,500 linked to your Consumers National Bank personal checking account. You can draw from your personal line of credit in the Consumers Reserve account for a variety of purposes simply by writing a check. Access it as often as you like, as long as you have an available balance.

Pay off this loan anytime, without a prepayment penalty. When there’s an outstanding balance, your linked checking account is debited either 3.00% of the amount due, or $10 — whichever is greater. See the chart below for more details or contact us to learn more about Consumers Reserve Personal Line of Credit.

Interest Rates and Interest Charges

Annual Percentage Rate(APR) for Purchases

This account has a Variable APR and is determined by The Wall Street Journal Prime Rate plus a margin of 5.74%. Because the Prime Rates may vary,your APR will go up or down if the Prime Rate changes. The Maximum APR will be 13.99%.

APR for Balance Transfer

Not Applicable

APR for Cash Advances

Not Applicable

Penalty APR and When it Applies

Not Applicable

Paying Interest

We will begin charging interest on the transaction date. Your payment will be automatically debited from the linked Checking account on the 26th day after your checking account statement is produced.

Minimum Interest Charge

Each month you must pay us by the due date at least the "Total Payment Due" show on your statement. This will be (a) the sum of (1) 3% of the principal balance of your Account or $10.00, whichever is greater, plus (2) all cash Advance fees, Annual Fees, and Other Charges post to your Account; plus (3) the amount of any overdue minimum payment to reduce future finance charge. We may apply your payment to accrued interest and other charges before principal balance by 3%.

For Line of Credit Tips from the Consumer Financial Protection Bureau.

To Learn more about factors to consider when applying for or using a Line of Credit, Visit the website of the consumer financial Protection Bureau at


Annual Fee


Transaction Fees

Not Applicable

Penalty Fees

  • Late Payment
  • Returned Payment

5% of the amount due or $10, whichever is greater $13

Other Fees

Not Applicable