Cypress Credit Union loans can open doors for you...and our loans policy is now more convenient than ever!!No elected officer of Cypress Credit Union Limited will be included in the approval of credit.
All credit approval will be dealt with by an internal approval body consisting of Senior Management and Lending Services representatives.
This gives quick response times in respect to credit requests and approvals.
LINE OF CREDIT
Establish a Line of Credit with Cypress Credit Union and assure yourself of ready cash when you need it. A Line of Credit is an ongoing loan with one-time approval and is attached to your existing chequing account.
A Line Of Credit guarantees you:
Instant Cash - You borrow by simply writing a cheque or by using your Member Card through ATM's or by using your Global Payment card.
Substantially lower rates than retail credit cards.
Convenience - cash when you need it.
Protection - against over-drawing your account or returned cheques for inadequate funds
LOANS CALCULATOR
Calculate the principal and interest amount required to pay off a loan at a specified interest rate and period of time such as an automobile loan.
Click here for the loan calculator.
DEALER FINANCE
Dealer Finance enables you to go into almost any automotive or RV dealer in Southwest Saskatchewan and request on the spot financing through the Credit Union Dealer Finance Program.*
Fast Service
Approval time is minimal and you can drive your vehicle away that very same day.
Saves time
All the paper work will be done at the dealership.
Convenient
This service makes weekend buying simpler when your regular branch may be closed. On the spot financing is available on approved credit.
AGRICULTURAL DEALER FINANCING
This program enables you to go into any participating agricultural dealership in Southwest Saskatchewan and request on the spot financing on farm equipment. This is a fast, easy and convenient way to purchase your farm equipment.*
*( O.A.C.)
Are you shopping for a new home?
An acreage?
Or is your mortgage renewing?
Let us pre-approveyour loan or mortgage
"Apply Before You Buy"
A Cypress Credit Union Pre-Approved Loan gives you the go-ahead to go out and shop for the item you want, negotiate the best price and close the deal on the spot. It's a smart way to make your major purchase.
Because your loan is pre-approved before hand, there are no hassles when financing your purchase, no hidden fees and very competitive rates. It's that simple.
In most cases, you'll have your pre-approved loan in 24 hours.
Choose from a wide selection of mortgage options:
CHMC Financing
Canadian Mortgage and Housing Corporation's (CMHC) Home Loan Insurance allows you to buy a home with as little as 5% down. Your mortgage is insured up to 95% of the lending value of the home. It can be a new home or a resale home.
Conventional Financing
Pay off your house faster and save on interest by putting at least 25% down.
Open Mortgages
- Fixed Rate
- Prepay or repay anytime without penalty or bonus
- Convert to another CU choice mortgage option at anytime
- 1 to 5 year terms available.
Benefits of a Cypress Credit Union Mortgage
At Cypress Credit Union, in most cases you can pay off your loan from your own funds without penalty. This could save you thousands of dollars on your interest payments.
You will also enjoy the flexibility of choosing to make bi-weekly, semi-weekly, semi-monthly or monthly payments.
For your convenience farms and commercial mortgages are set up on a semi-annual payment. Monthly, annual and quarterly payments are also available.
MORTGAGE CALCULATOR
Calculate the payment required to amortize a mortgage loan. Click here for the mortgage calculator.