Loan Provider

New members will be required to operate a Loan Provider (LPA) account and contribute a minimum of $5.00 per week. The weekly amount may increase as a condition of a loan approval.

This account will assist you in qualifying for personal loans and is in keeping with the credit unions philosophy of promoting a savings culture amongst members.  Funds in a LPA are available anytime providing you don't have an existing unsecured loan.  Once an unsecured loan (including revolving credit) is taken out all LPA funds are frozen and can't be withdrawn until the loan is repaid in full.

Consider these options when your LPA funds become available for use after paying off your loan:

• Take out a term investment with UCU.
• Apply for a secured personal loan using your LPA funds as security.  Quick approval is guaranteed.

Check out our interest rates for term deposits by clicking here or click here for more information about personal loans.