Personal Line of Credit

Ready cash when you really need it

There are times in life when opportunities - or emergencies - come up that we're not expecting. That's why we offer our members access to a revolving line of credit. You get approved for a certain amount of money and it's yours to use any time and for anything that you need.

So whether you get the chance to treat yourself to something you've always wanted or need to replace that newly broken window, a revolving line of credit gives you a pool of funds to draw from, whenever and however you need it.

You get

  • funds available to an approved credit limit
  • less hassle with one time application
  • pay interest only on the amount you've used
  • interest rate lower than most credit cards
  • protection against over-drawing your account
  • life insurance coverage available

Member perks

  • Because you're a member of SCU, your credit application will be processed locally by senior management and lending service representatives.  That means you'll always be working with someone who knows and understands you and your goals.
  • If you are a member of SCU, the interest you pay may be eligible for our equity allocation program. 

What you'll need to apply for this loan

  • current employment information (T4 slips, current tax returns)
  • current financial information (listing of assets, liabilities & payments)

Restrictions

  • this product is available to members on approved credit