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Line of Credit

Having a Line of Credit allows you to be in a financial position to access money when you need it – for emergencies, home appliances, car repairs etc. How you use the funds is up to you. A line of credit allows you to overdraw your chequing account within a pre-established limit. The line of credit is accessible for Direct Payment purchases and ATM cash withdrawals.

Interest rates on a line of credit are lower than with credit cards, it makes sense to use a Line of Credit as a revolving source of cash. Interest is charged on the amount borrowed and only for the number of days it is used. If you don’t use it you don’t pay interest.

Features include:

  • overdraft protection up to a pre-authorized limit
  • instant access to funds for purchases or bill payment
  • interest much lower than a credit card calculated only on the negative balance in your chequing account on a daily basis, charged monthly
  • if your line of credit is not used, interest is not charged
  • small monthly fee

Online Calculators


Main Branch

913 Main Street E.
Box 1510 Swan River,
Manitoba R0L 1Z0


Phone: 1-877-218-7828
Fax: (204) 734-3968

Benito Branch

103 Main Street
Benito, Manitoba
R0L 0C0


Phone: (204) 539-2400
Fax: (204) 539-2401

Minitonas Agency

Minitonas Community Store
267 2nd Ave.
Minitonas, MB R0L 1G0


Phone: (204) 525-2623
Fax: (204) 525-2624

© Swan Valley Credit Union 2013

Swan Valley Credit Union  Main Branch is a BBB Accredited Credit Union in Swan River, MB