Interest on your Line of Credit is charged on the exact overdrawn balance for the number of days it is at that balance. If a Line of Credit is not used during the month, there is no charge.

Non-redeemable term deposits are offered for 1 to 5 year terms and cannot be redeemed prior to maturity. Interest is paid on an annual basis to an account of the member's choice or compounded interest. Minimum deposits are required for each term product; please call the office for further details.

We can discuss various mortgage options, fees, and the Canadian Mortgage and Housing Corporation (CMHC) program. We offer flexible repayment options and a variety of terms and rate. We also take care of your taxes and make home ownership very straightforward.

The normal maximum limit on a Line of Credit is equal to one months net salary. So if your take home pay is $1,500 / month - your limit would be $1,500. Your line of credit is a convenient way to pay your bills or unexpected expenses while waiting for your pay cheque to arrive.

Cash Flow, new equipment, used equipment, land, livestock - where does all that money go?? Let us (and our computer) help track your farm's progress, map your future plans and determine an optimum level of debt financing.

By tracking your annual change in your net worth we can see how much money your farming operation has improved each year. Your net worth is often an indication of profit. If it isn't improving you're not making money, spending too much personally, or maybe debt payments are too high. If it is declining for a number of years you will need to make some changes to your operation.

Your cash flow projections we do are very important. Farmers income is sporadic and it is extremely important to manage your inflow and outflows. There are many options for financing your operating costs: Credit Union Line of Credit or Short Term Operating Loan, Grain Companies, Fuel Companies, Fertilizer and Chemical dealers, or Seed Growers. It is quite simple to defer the costs of your crop but check out your cost of borrowing - what do those deferred inputs mean in lost discounts? It is good advice to work hard at your operating costs and pay for this year's inputs from last year's crop. If there is a crop failure this year your cash flow will be affected but not as much as if you had deferred all your expenses. If input costs are extremely high, the cash discounts and early purchases for tax purposes will make this idea worth pursuing. If we do experience a crop shortage you are far more prepared and will only have one year's inputs to worry about.

Based on previous years actual costs and your projected future costs, our farm plan allows you to determine how much you will actually need for operating credit. Various options are available to cover short term needs.

The most important factor is the bottom line. How much money do I have? How much can I spend? How much should I, or can I, spend on daily living? What debt payments can I afford? By looking at past trends and your projected amount available for debt service we can determine an optimum level of annual debt payments for you. This would include a residual, or margin that will leave some room for "circumstances" - like variations in price, yield, or costs.