LINES of CREDIT (Overdrafts)
Avoid the embarrassment and the costs of NSF cheques...get protected with a Line of Credit. Peace of mind and money in your pocket is a winning combination.
Loan features:
- Pre-approved limits for qualifying members.
- Interest is calculated on the closing daily balance of the line of credit and charged to the account monthly.
- All transactions are recorded on the descriptive monthly statement.
PERSONAL LOANS
Whether you are looking for a new car or just some funds to fix junior's teeth, a Personal Loan is a quick and inexpensive method to get things done. Members can complete applications in person and be assured of a prompt approval process.
Loan features:
- All loans can be life insured at a nominal cost to the member. Single and joint coverage is available.
- All loans can be insured for member disability at a nominal cost.
- Repayments are structured to meet the needs of the member.
- All activity is recorded on a descriptive monthly statement.
MORTGAGES
Whether it's a new home or a bigger house Eriksdale Credit Union has the right plan for you. Buying a home is a big investment, one that can off big rewards in the future. If you are paying rent now and would like to look at housing options, give us a call.
Loan features:
- Open variable and fixed plans available.
- Generous prepayment options.
- Bi-weekly payment option which are designed to cut years off your mortgage.
- Optional life coverages available.
- All account activity recorded on descriptive monthly statement.
