Agriculture
Farmers are our business. Loans are available to provide funds to farming clients for specific purchases, operating purposes or other cash flow needs. Repayment terms are tailored to meet your farming needs providing you with flexibility and convenience.
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Chequing Accounts
We offer chequing accounts to assist you with the day to day transactions of your agriculture business.
Revolving Credit
A revolving credit is linked to your chequing account and provides temporary protection for the payment of a cheque when there is not sufficient money in your account. The approved limit is structured to your income and/or business needs. There is no need to phone to access your Revolving Credit, it is always available. You're in control of your account. It's a wise money management move that can maximize your purchasing power.
Agriculture Operating Loans
Available to farm operations to borrow up to the determined limit without the need to arrange separate loans.
Agriculture Term Financing
Agriculture Mortgage and non-mortgage term financing is available for the acquisition of assets, land, buildings, equipment and vehicles to be used for agriculture purposes. Government Guaranteed Loans are also available to increase your financing options.
Family Loan Plan
Helps retiring farmers transfer farm assets to a family member in a structured affordable manner.
The credit union finances the balance in a structured affordable manner. The financing makes it easier for the borrower while allowing the seller to reap the benefits of hard work over the years.
Freedom Mortgage
- available for agricultural producers to purchase land
- allows the freedom to make interest only payments over and extended period of time
- offers the freedom to prepay the mortgage with no penalty
Benefits to Members:
- Minimal payments over an extended period of time
- Improved cash flow
- No prepayment penalties-saves costs
- Ability to own land at costs similar to renting land
- Can be used to:
- Buy land on speculation
- Increase land base while farming
- Keep payments low until land/farm sold
- Purchase land with minimal payments, allowing land to be brought to maximum production overtime
