Since 1978, L.I.U.N.A. Local 183 Credit Union has offered financial products that meet the every day and long term needs of over members. And while products can change, our level of outstanding service never has and, never will change. Our personal caring services is why generations of the same family have remained members, while other members remain with us when they leave the city, province or (in a few cases) the country.

This is your credit union. We are here to serve you! If you require a service that we do not currently offer, talk to us – maybe we can help – or direct you to a reliable contact who can. We want to serve you better!!

DIVIDEND SAVINGS ACCOUNTS
This is the credit union's dividend bearing account. This means that the amount of money you earn as a member/owner is dependant upon the profit earned by the credit union during the year. Generally, all profits earned are returned to members/owners by the way of dividends.

SAVINGS
Credit Union savings plans pay off in more ways than one! Our savings plans pay off in three important ways: financial flexibility, convenience, and good returns. Choose from a complete range of savings plans designed to work for you.

US DOLLAR SAVINGS ACCOUNT
Credit Union Members can enjoy a basic daily interest US Dollar account. If you live near the American border and enjoy skiing, camping or shopping in the US, this is the account to own.

RRSPs
Real benefits, personal service, and a secure investment at competitive rates. Both fixed rate (minimum $500 deposit) and variable rate (no minimum deposit) are offered. Deposits can be made conveniently through payroll deductions for board employees.

RRIFs
Security, flexibility and control. Set the payment amount that's convenient for you (monthly, quarterly, semi-annually or annually). Lump sum payments are also available.

PERSONAL CHEQUING
A safe, convenient and organized way to track your expenditures. Monthly statements include cancelled cheques. Overdraft protection is available on approval.

LENDING
Service is an important consideration with any loan. Our loans staff are trained professionals ready to provide confidential prompt, helpful and personal service on loan applications and other important financial questions. Your credit union's lending program offers great service and competitive features which include:

• attractive rates
• payroll deduction payments
• payments tailored to your pay period
• maximum 60 month term

PERSONAL LOANS
Each member may apply to borrow up to the credit union by-laws limits for any constructive purpose. Life insurance is provided for qualified borrowers up to age 65 (and to a co-signing spouse if applicable) through Credit Union Insurance Services (CUIS). Other features include:

• fully open, no prepayment penalties
• simple interest: you pay only on the amount you owe, for the time you owe it
• low cost disability insurance available

Apply for a loan online!

MERITLINE OF CREDIT™
A home equity line of credit is a unique type of fully secured line of credit. The basic idea is that you borrow against what you already own! This allows you to take advantage of preferred interest rates. A MeritLine™ is fully secured by a residential mortgage and used at the Member's discretion.

Home renovations or additions, a car or boat, a wedding or your children's' education - the list goes on. Members use the equity in their homes to enjoy life while managing debt responsibly.

• Preferred, variable interest rate tied to the Prime rate. One of the most affordable forms of credit.
• Lower interest rate than conventional mortgages. A great tool for consolidating debt or even paying off the balance of your mortgage.
• Limits of up to 75% of the appraised value of the home.
• The interest rate is variable with interest applied only to the amount you use, calculated on the daily closing balance.
• Highly flexible to match your cash flow.
  • Choose a repayment schedule to meet your personal needs. The only requirement is that you repay the interest (if any) monthly.
  • The option to pay more is always available.
• As you pay down your line of credit, the available balance becomes immediately available for use again.

Apply for a loan online!

PAYROLL DEDUCTIONS
If you are a full-time employee of any railway and railway related industry in the Sarnia area, you can enjoy having your loan payments or savings deposits made through the convenient payroll deduction. Many members find it a great way to save for a holiday or the summer months.

DIRECT DEPOSITS
Members can have their entire pay electronically deposited to the credit union. Forms are available at your workplace personnel department or credit union. Many members have government payments such as Family Allowance or OAS directly deposited.

DEPOSITS ARE FULLY INSURED
All member share, deposit and chequing accounts are fully insured with the Deposit Insurance Corporation of Ontario to a maximum of $100,000. Funds deposited under RRSPs and RRIFs are also fully insured up to $100,000 per contract.