Are you the type of person that prefers the structured fit of a loan, with predetermined payments and a final payment date? Or do you like the flexibility of a line of credit, offering you a credit limit that you can advance and repay at any time with low, fluctuating minimum payments?
Rather than taking a one-size-fits all approach to lending, we tailor our offerings to the individual needs of our members. Our experienced staff will take the time to discuss loan solutions that work best for your needs. We know our members and take pride in finding ways to best solve their debt effectively.
No matter what you need – a new car, vacation or overdraft protection – apply for as much or little as you need, any time. We accept personal loan and line of credit applications around the clock. Member Savings assists you by matching your payments to your payroll deduction or the direct deposit of your pay.
Not sure which option may be best for you? Here are a few short questions to help you decide!
1) Over the course of 6 months, do you find your pay fluctuates or stays the same?
a) Fluctuates - I often receive additional bonuses, sales commissions or find my hours can fluctuate.
b) Stays the Same - I receive the exact same amount each pay.
2) Do you find that there are some months when you can’t pay off your credit card balance in full?
a) I sometimes carry a balance on my credit card and just make monthly payments.
b) I always carry a balance on my credit card and just make monthly payments.
3) What is your main purpose for borrowing money?
a) I want to have something just in case of emergencies when I don’t have enough available cash on hand.
b) I want to buy a car or combine my credit card debt.
Use our Life Events Planner, with over 20 calculators, to assess your financial situation.
If you answered mostly A’s then a Line of Credit would be the best fit for you. If you answered mostly B’s, then a more structured loan would be your perfect fit or perhaps a combination of both! Whatever your fit and preference, we are here to help. Talk to one of our lending professionals today to discuss your perfect fit.
Members get exclusive access to a Credit Union MasterCard, with direct approval through Member Savings. Use your Credit Union MasterCard to collect Choice Reward points, redeemable for merchandise and any type of travel—without blackout periods. See www.choicerewards.ca for details.
With a Member Savings line of credit (a pre-approved loan) we’ll advance funds, as required, up to your approved limit. Now you can renovate, consolidate, invest, or do whatever you want—with no annual fees. Your line of credit is completely open; you can pay it down in part or in full at any time.
You can also capitalize on the hard work you’ve put into building equity with a home equity line of credit. Member Savings provides this pre-approved loan at interest rates as low as prime, secured by a first or second mortgage.
Learn the difference between keeping your credit card debt or switching it to a Member Savings Consolidation Loan.
Calculate how many years it will take until you are debt free.
Learn how to streamline all of your credit card debt and get debt free faster, with less interest.