We offer a range of loans and mortgages to suit your needs

Personal Loans:

  • We can provide personal loans for most consumer needs
  • Whether it be a new car, a family vacation, debt consolidation or an investment, we can design a loan and repayment program to meet your requirements
  • The maximum personal loan of $250,000 with up to 5 years to repay meets the needs of most members. For larger loans see the section on Home Equity Lines of Credit
  • Repayments can be tailored to your needs whether it be weekly, bi-weekly or monthly
  • By timing your payments to match your payroll or direct deposit cycle you can minimize your interest costs
  • Additional payments can be made against a loan at anytime in order to retire the debt more quickly
  • Loans are set as variable rates unless otherwise specified
  • Life insurance and credit disability insurance help insure worry free borrowing in the event of a mishap

Personal Line of Credit:

  • A Line of Credit Loan is a convenient loan you can use any time you need extra money
  • Available from $200 to $10,000 this serves as a revolving credit that you can draw on at your convenience without having to reapply each time
  • Many people use it for temporary overdraft protection on their Personal Chequing Account or to finance more significant purchases instead of putting the purchase on a credit card
  • Interest is calculated daily on only the outstanding balance
  • Monthly repayments are set at 3% of outstanding month end balances
  • Transactions are listed on the monthly statements that are sent to members
  • One application will set up a Line of Credit that you can use for years

RRSP Loans at Prime:

  • RRSP loans are available at an excellent rate any time you wish to open up an RRSP at the Credit Union
  • This will ensure that you are making your RRSP contributions and that you receive your tax deduction advantage
  • Any tax refund can be used to pay down the loan and reduce carrying costs

Home Equity Line of Credit (HELOC):

  • You can use the equity in your home as collateral for a line of credit up to 80% of it’s value
  • Interest is calculated daily on only the outstanding balance
  • Click here for more information on our HELOCs
  • Transactions are listed on the monthly statements that are sent to members


  • First and second conventional mortgages are available up to 80% of the appraised value of your home
  • Mortgages are available for terms of 6 months to 5 years
  • Our 10+10 option allows you to repay up to 10% annually off the principal and /or increase your regular mortgage payment by up to 10% during the term of your mortgage
  • Mortgage life insurance is available at a nominal cost
  • We also offer CMHC insured mortgages that can put you in your own home for as little as a 5% down payment. Ask us for details.
  • For information on our current mortgage promotion click here.

For more information on our loans and mortgages please contact us or to apply today click here.