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| Line of Credit |
When you have a line of credit from Northern Lights Credit Union, you can have peace of mind knowing you have extra cash on hand for the unexpected. Use your line of credit to cover any sudden expenses, take advantage of unexpected opportunities, or as overdraft protection for your chequing account.
FEATURES:
- A revolving loan that allows members to intermittently borrow up to a prearranged limit
- Provides protection against unnecessary NSF charges
- Available to members 18 years of age and older
- Interest calculated on a closing daily balance
- Funds are available by writing a cheque, making an in branch withdrawal, using the MemberCard at the ATM or a Point-of-Sale terminal
LINE OF CREDIT TYPES
- Overdraft protection
- Loan line of credit
- Meritline (secured by real estate)
- Student line of credit (post-secondary education loan)
