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
Unity Credit Union Mobile App
ATM / Point of Sale
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.