A Line-of-Credit (LOC) maximizes your purchasing power and can be linked to your chequing account to provide valuable overdraft protection. It ensures 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 opportunities, education, RRSP, etc. 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 easily accessible by personal cheque, cash withdrawal or debit card
• Competitive fixed or variable interest rate
• Flexible payment schedules