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We are aware of a credit and debit card fraud ring that is currently impacting our members. Be aware of scammers calling, texting, and emailing, asking for your account or card number, pretending to be from Member One. NEVER give out this personal information over the phone or if it's solicited via text or email. Protect yourself and please call us directly at 800.666.8811 if you have any questions.
Virginia Credit Union and Member One Federal Credit Union announce intent to merge. Learn more.
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Business Lines Of Credit

Member One offers both secured and unsecured lines of credit to our business members to help them fund their ever-growing business needs.

What's the difference between a secured and an unsecured line of credit?

  • Secured - Member One secures a lien on real estate collateral. For example, 1-4 residential or a true commercial real estate. This option offers lower rates and longer terms, versus an unsecured line of credit. This line of credit has a maturity of 5 years. This option also offers interest only minimum monthly payments, great for cash flow.
  • Unsecured - Unlike a secured line of credit, no collateral is held and has a shorter maturity of 12 months.

Cover operational expenses, such as supplies and payroll

Help launch projects that may need additional funding.

Pay for unexpected expenses that may arise

Invest in the future needs of your business

Build a good relationship with a lender, especially if you make on-time payments

Easier to keep the separation between personal and business expenses

Is a business line of credit right for me?

Here are some ways that you and your business could benefit from a line of credit.

How does a line of credit work?

  • Similar to a credit card, you can borrow up to a specific amount/limit; however, you pay interest only on the funds you actually use.
  • As money is repaid, those funds are then available once again to be borrowed.
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More Questions?

For more information about our business accounts, please contact our Business Services Department.