Lines of Credit Refund Notification
October 1st, 2019
We discovered a minor issue affecting the interest on some Home Equity Lines of Credit (HELOC) and Overdraft Lines of Credit (ODLOC). This resulted in the prime rate not adjusting correctly on those lines of credit in the month of September. We are pleased to inform you this has been resolved. The correction will show as an interest refund on the affected loans. This refund will reduce the amount of interest due on the next payment by that refund amount. If affected, you should expect to see this refund posting to your HELOC or ODLOC on your October Statement.
We sincerely apologize for this inconvenience and appreciate your understanding.