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SEARCH
| PRIME |
3.000 % |
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Savings Deposit Accounts |
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$0.00 - $4,999 |
0.050% |
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$5,000 - $14,999 |
0.050% |
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$15,000 - $34,999 |
0.100% |
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$35,000 - $59,999 |
0.100% |
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$60,000 plus |
0.100% |
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| Agriculture Quick Loan |
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Product in a Nutshell: (What is it?)
A loan product that provides agriculture or commercial borrowers with readvanceable funds based on a pre-approved limit.
Benefits
Features
Convenience: “You know extra funds are available when you need it.”
“You only need to complete loan documents once.”
- Funds approved ahead of time then advanced by phone, email or in person when needed
- Payments are taken automatically
- Funds are readvanceable (you can reborrow the principal you pay off)
Flexible: “You have many options to meet your needs.”
- Multiple Repayment Options, including:
- Payment frequency
- Variable rate options
- Blended (principal plus interest) or interest only payments available
Affordable: “You have the option to make interest only payments.”
“You have an opportunity to receive a better interest rate based on the collateral provided.”
- Interest only payment available
- Unsecured
- Cash secured (ie: Terms, GICs, stocks, bonds)
- Mortgage (ie: land, buildings)
- Non-mortgage (ie: vehicle, equipment, livestock)
Cost Savings/Earnings: “You can prepay your loan anytime and save interest.”
“You may share in the credit union’s profits.”
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 access to additional funds in a more quicker & convenient way.
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