CU Line Gives You Credit When You Need It

Windsor Family prides itself on developing products that are designed with the needs of our members in
mind. That’s why we’ve developed our personal line of credit, CU Line, the convenient way to borrow.

Pre-Approved Credit Limit

CU LINE is a pre-approved loan that is there when you need it. It provides convenient access to credit
to travel, purchase a second car or vacation home, finance a child’s education or to take advantage of
an investment. Once your CU LINE is established, you can draw up to your available credit limit in
whatever amount you require to meet your needs. There’s no cost for you to have a CU LINE ready and available. You are charged monthly interest only on the amount you use, for the time you use it. You can be eligible for a CU LINE, starting at $5,000. Your CU LINE interest rate is based on your personal financial situation, the security you provide and our Prime lending rate. If your CU LINE is secured by credit union deposits, you will benefit with a lower interest rate.

Convenient Access to Credit

You can use your CU LINE in conjunction with your Free Chequing Account to gain control and flexibility in the management of your finances.

Flexible Payments

Interest is charged only when you use your CU LINE. There are no monthly or annual fees charged for maintaining your CU LINE. When you use your CU LINE, making payments is very flexible. You only pay the monthly interest on an outstanding balance as well as fluctuate the balance down by 20% per year.

Insurance Protection

You can protect your CU LINE with life insurance. You pay only for coverage on the balance outstanding, at affordable rates.

Record-Keeping Made Easy

Your CU LINE is included as part of your monthly statement with all your other accounts at Windsor Family. All CU LINE transactions for the month will be summarized for easy record keeping.

Manage Your Funds From Home

Our automated telephone banking and online banking services are designed to help you conveniently manage all your accounts at Windsor Family, including CU LINE. Obtain balances on all your accounts, transfer between accounts and review transactions processed, anywhere, anytime, using a touch-tone telephone or your personal computer.

CU Line Provides Value

You can save money on interest because your CU LINE may offer lower rates compared to other lending products. There is no application, registration or annual fees.

Transfers are Easy

We will take care of all the details necessary to transfer a personal line of credit from another institution to your new CU LINE at Windsor Family.

Conveniently Manage Your Finances

Windsor Family makes it easy for you to manage your finances effectively and efficiently. When you are ready to use your CU LINE, here is what to do: Transfer, at no charge, the required amount from your CU LINE to your Free Chequing Account, using our automated telephone banking, online banking, our ATMs, at one of our retail locations or over the telephone with one of our representatives. Then you can, with confidence, make your purchase using your cheques, your MasterCard® Global Payment Card or your Member Card for INTERAC® Direct Payment transactions.

When this is inconvenient, you can make your planned purchase directly from your CU LINE by using your CU LINE cheques, provided to you at no charge, and pay a nominal fee for each cheque that has been processed. In addition, you can make a withdrawal from your CU LINE, for a nominal fee, using our ATMs or at one of our retail locations.

When there are unexpected shortfalls in your Free Chequing, the credit union, for a fee, will transfer funds from your CU LINE to cover the shortfall, so you will avoid the cost and inconvenience of being declined for your transaction.

In addition, if you do not want to manage your funds this way, you can apply for CU Overdraft Protection on your Free Chequing Account, as security for those situations when you have an unexpected shortfall in your Free Chequing. There is no charge for the CU Overdraft Protection, until you use it.