LINE OF CREDIT

A line of credit on your business account gives you immediate access to funds for inventory or operating expenses.  It is an authorized overdraft limit that is attached to your chequing account.  There is a one-time approval, and the funds are always available for ongoing credit needs.

Who Might Use this Product?

Agriculture and business members who require immediate access to additional funds and would like overdraft protection on their chequing account.

Cost Savings and Member Benefit

  • Competitive floating interest rate
  • You only pay interest on the amount used
  • Interest is calculated daily and debited at the end of the month

Convenient and Flexible

  • One-time approval for ongoing credit needs
  • Funds are accessible anytime through a variety of channels

             - In person

             - Online Banking

             - Unity Credit Union Mobile App

             - ATM / Point of Sale

             - Cheque writing

Peace of Mind

  • Peace of mind knowing extra funds are available when you need them
  • Loan insurance available on the outstanding balance

Information about your Line of Credit

  • You have may different ways to access your account information or history

             - Monthly Statement - You can choose how you want to receive your monthly statement; paper or e-statement.  Both options include cheque images. 

             - In-branch assistance - 5 days a week

             - Online Banking and Unity Credit Union Mobile App

Good to Know

  • Chequing account is required
  • On Approved Credit

​Insurance for what matters most.

We offer loan insurance options for payment protection on business loans.  Our Account Managers can help you choose the options that are right for you.