TransCanada Credit Union - Products and Services

Savings Accounts

We offer a short term interest account that provides flexibility and easy access to funds. Deposits can be made by direct payment or payroll deduction.

Withdrawals may be made at anytime and there is no minimum balance required.

RRSPs

RRSP's play an important role in your long term financial plan. Maximize your money by contributing monthly to your RRSP. Contributions to an RRSP can be set up through payroll deduction or direct payment.

Term Deposits / GICs

Term Deposits are another option available through TransCanada Credit Union. They offer a safe and secure way to guarantee your deposit and obtain steady growth. Similar to a GIC, we offer terms from 30 days to 5 years.

Your deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation.

Whether you're saving for a short period of time or longer term, this may be the perfect investment option for your needs.

Consumer Loans

Whether you are buying a new vehicle, consolidating your debt, or just looking for a little extra money, we can make it happen with a loan designed to meet your specific needs and budget.

A personal loan from TransCanada Credit Union gives you more for your money:

  • No payout penalties
  • Competitive loan interest rates
  • Life and disability protection
  • Flexible repayment schedules
  • Fast, friendly service - your loan request will receive fast, efficient and professional attention

All loans are based on approved credit. Terms and conditions may apply.

Conventional Mortgage

Save money by putting a minimum of 20% down. If your down payment is at least 20% of the purchase price then you won't need to pay for mortgage insurance from Canadian Mortgage and Housing Corporation (CMHC).

And with a larger down payment you already have equity in your home that you can use if you need to borrow money down the road.

  • Choose a mortgage rate and term that fits your budget.
  • Select mortgage features that fit your lifestyle.
  • Get pre-approved to know what you can afford.

High Ratio Mortgage

You don't need a 20% down payment to get a mortgage - you can get a mortgage with as little as 5% down. If your down payment is less than 20% you will need a CMHC (Canadian Mortgage and Housing Corporation) insured mortgage.

With this insurance, TransCanada Credit Union can help you purchase a home with a lower down payment. We'll make financing convenient and help you choose the best options. Your insurance premium is added to your mortgage and included in your monthly payments.

Line of Credit

A TransCanada Credit Union line of credit lets you enjoy ongoing approval to borrow funds up to a pre-established limit as often as you wish. We offer secured and unsecured line of credit limits.

Talk to our loans officer for more information.

Home Equity Line of Credit

You worked for your home. Now make it work for you.

Use the equity in your home as security to receive a preferred lending rate - and use the money for whatever you want. There are so many possibilities - buy a car, pay for education, make an investment or put a down payment on a cottage. 'Interest only' payments available.

Talk to our loans officer about how to put your home equity to work for you.