An AOD is revolving credit connected to your chequing account in which your withdrawls may exceed your deposit amount. You pay on your AOD every time you deposit to your chequing account.

A LOC is a revolving loan authorization that has a flexible repayment schedule. This allows a member to re-advance money on the LOC without re-applying each time as long as the total of the borrowed funds does not exceed the credit limit. Both AOD and LOC amounts are predetermined between your lender and you.

These products offer quick access to credit for consumer purchases.

Interest rates on AODs and LOCs are usually lower that that of credit cards. Repayment terms are flexible.

Members access their AOD or LOC through their chequing accounts, member or payment cards or with LOC special cheques.

Further information and service are available from our Personal Account Managers.