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Agriculture Line of Credit

Product in a Nutshell: (What is it?)

A line of credit is an authorized overdraft limit attached to your chequing account.

Benefits

Features

Convenience: “You have peace of mind knowing extra funds are available when you need it.”
- Accessible anytime through a variety of channels:
  • In branch
  • Online banking, telephone banking
  • ATM/Point of Sale
  • Cheque writing

Cost Savings/Earnings: “You only pay interest on the amount used.”

“You may share in the credit union’s profits.”
- Interest calculated daily and debited at month end

- Eligible for ProfitShares program
Peace of mind: “You can protect your assets and your family in light of unforeseen events.”
- Loan Insurance available:
  • Life
  • Disability
  • Critical Illness
Immediate or detailed information: “You have multiple ways of accessing account information or history.”
- In branch assistance
- Immediate access via online banking, telephone banking or mobile services
- Monthly detailed statements

Who might benefit from this product/ service?

For agriculture and commercial accounts that require immediate access to additional funds.


 
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