A Line of Credit (LOC) can maximize your purchasing power or provide valuable overdraft protection for a chequing account. It ensures easy access to funds when needed - without waiting or arranging for a personal loan. It's great for personal emergencies, car repairs, major home appliances, investment opportunites, education, RRSPs, etc.  A Line of Credit can provide peace of mind that preauthorized payments or cheques will be honoured between pay dates.  Rates are lower than retail credit cards, so paying off credit card balances in full each month with a LOC limit can reduce overall borrowing costs.

Benefits:

• Members control their own credit
• Funds are accessible by personal cheque, cash withdrawal or Debit Card
• Competitive interest rate
• Flexible payment schedules
• Credit life, disability and critical illness insurances available
• You pay interest only on amount of funds used