LINE OF CREDIT

A line of credit is an authorized overdraft limit that is attached to your chequing account.  The funds are always available for ongoing credit needs whether it be emergencies or untimely expenses.  There is a one-time approval and no need to contact the credit union for advancement of funds.  You only pay interest when you use it.

Who Might Use this Product?

​Members who require immediate access to additional funds.

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

Information about your Line of Credit

You may have 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.  We suggest protecting the environment and ensuring secure record keeping by using e-statements.
  • In-branch
  • Online Banking and Mobile App

Good to Know

  • Personal, Heritage or STUDENTCHOICE® chequing account required
  • On Approved Credit

Insurance for what matters most.

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