Used wisely, lending services allow people to maintain a comfortable standard of living without spending all their current income or depleting their savings.

Borrowing money is an option when our budgets don’t reach as far as we initially anticipate, but it is one that should make life easier, not more complicated.

At Lake View Credit Union our loans fall into three basic categories:

Personal Loans: These installment loans allow you to borrow a specific amount for a specific purpose, eg. Vehicle, RRSP, consolidation. At Lake View Credit Union we offer you the flexibility of payback periods that suit your circumstances while getting competitive rates. You can choose to have interest on a variable or fixed rate basis and do not pay any penalties for early payout. Life and disability insurance is available to protect you in the case of an unexpected setback.

Mortgages: When making the decision to purchase a home we must be certain to take into account all the costs – mortgage payments, property taxes, insurance, maintenance, utilities and the requirement for down payment and other purchase costs. If you can afford these costs then in the long run you should be better off buying than renting.

Personal Line of Credit: A revolving credit account that gives you access to funds when you need it. You are only charged interest when you use the account and the amount of interest is based on how much you borrow. Our line of credit option is multi functional -- you can use it for overdraft protection to ensure your transactions are cleared in the instance when your balance may not be what you think it is. Or it can also be used as a convenient, available pool of funds to help finance your needs such as home renovations, vacations, educational costs.

Your business is growing and you not only need to be able to finance an increase in sales and inventories with short term cyclical loans, you may also need to make large capital investments in equipment, buildings, or land. Your needs are specific and you want a solution that is tailored to how your business operates.

With a Line of Credit you can help balance the timing difference between cash inflows and outflows. Most of all it’s easy. You are able to access your funds by writing cheques on your business account and you only pay interest when you use it. To pay down your line of credit is simple, just make a deposit into your account.

Business Term Loans from Lake View Credit Union help you finance the capital purchases you need to make your business successful. Whether its equipment, land, buildings, or interim construction financing we can structure the payments for timing depending on the expected future cash flow of your business.

When borrowing for your small business it is important to protect not only the business but also those who depend on you, your family. Lake View Credit Union has a range of insurance products for line of credit and term loan financing.

Line of credit life insurance

Loan life and disability insurance

Group Mortgage life and disability insurance

Group loss of employment and critical illness insurance

Call us immediately to get started on your business loan application!