IC Savings & Credit Union Personal Line of Credit is ideal for members who have fluctuating credit needs and want convenient access to funds simply by writing a cheque. Many members choose to get a personal line of credit for those “just in case” situations that arise from time to time.
This line of credit provides you with a “personal reserve of funds” for whenever you need it.

IC Savings & Credit Union Personal Line of Credit sets aside a predetermined amount of money that is based on your personal financial situation. Whenever you need extra funds, you simply withdraw any amount up to your approved credit limit. You can apply for an unsecured Personal Line of Credit or get a better interest rate and a higher limit with a secured PLC.

• Need to borrow additional funds now or in the near future


• Want to make purchases knowing the money's there when you need it


• Need access to funds for purchases on an ongoing basis (for example, for home renovations or investments).

IC Savings & Credit Union Personal Line of Credit Key Benefits:

• Saves you Money
• Interest rates can be even lower if you secure your PLC using the equity in your home or other assets.
• Only pay interest on the money you actually use.
• For those individuals that have built up equity in their home, IC Savings has secured lines of credit that are suitable for more active, larger credit needs. We put you in charge of your credit by using your IC Savings secured line of credit.

Easy to apply for and Convenient to use

• One-time application means the money is available to you whenever you need it, so you don’t have to re apply for credit every time.
• Itemized monthly statements help you keep track of your personal line of credit transactions.
• Our experienced and knowledgeable staff will guarantee the fast and personal service you have come to expect.