Lines of Credit
Fast, Easy Access
Imagine having instant access to additional funds when you need it most. An SCU line of credit is ideal for short-term borrowing and overdraft protection. When your chequing balance falls below zero, additional withdrawals are taken from the line of credit. Subsequent deposits pay off the line of credit until the balance is back above zero.Features include:
- Lower interest rate than credit cards
- Unbeatable convenience – apply once, then use whenever you need
- Only pay for what you use, as interest is calculated on the daily outstanding balance and charged at month’s end
- Positive balances earn interest at the chequing rate
SCU also offers Equity Link Lines and Registered Product Link Lines. Ask us for details.