Checking Reserve

Avoid overdrafts on your checking account.

• Annual Percentage Rate (APR): 15.00%
• Document Preparation & Application Fee $95
• Maximum line limit is: $3,000

With Checking Reserve, you can avoid costly overdraft fees and the possibility of returned items. Checking Reserve combines our deposit and lending services to create a cash reserve just for you.

Upon qualifying for Checking Reserve, your cash reserve will kick in automatically to fund your checking account in $100 increments to cover any overdrafts, up to the limit of your credit line. You pay interest only for the amount of money you use and the length of time you use it.

Checking Reserve Line of Credit Loans **Important Clarification of Terms**

Each month in your Hometown Checking, NOW, Senior Checking or Money Market account statement, we will include a statement detailing the activity, if any, of your Checking Reserve. This includes your current payment due, any finance charges, and the remaining credit available in your account. You may pay all or part of the unpaid principal balance at any time to reduce interest costs. Each month a payment will be automatically deducted from your Hometown Checking, NOW, Senior Checking or Money Market account in an amount equal to the lesser of the outstanding balance or $50.00, plus the accrued interest as of the billing date.

This is not a change to the calculation of your monthly payment; it is a clarification of the legal loan contract agreement.  This is the same method of repayment our loan calculation system has been generating since the origination of your Checking Reserve line of credit.

Annual Percentage Rate – You will be charged 15.00% interest beginning on the transaction date.

You have the right to withdraw from this loan contract if you do not wish to continue with the terms of this clarification.  If you choose this option, contact us for payoff information. If you have any questions, please contact your local branch at our toll-free number 1-800-287-0752.


The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Federal Reserve Consumer Help Center, P.O. Box 1200, Minneapolis, MN 55480.