Rates may vary from time to time and also according to the type of loan. Another type of personal loan. Once approved, the member can draw on that Line of Credit merely by writing a personal cheque or using their Member Debit Card.
Interest is charged only for the number of days the loan is outstanding.
A Line of Credit that is secured by the equity in your home. Overall limits the same. Bridge Loans Short term loans to bridge the purchase of a new property before the previous property sale has been closed. Overall limits the same as First Mortgages, with the proceeds of the sale of the previous property being directed to the credit union. A specific program for small and medium business.