Member Services — Agricultural

Agricultural Chequing Accounts

As a farmer, your business and personal banking needs are very closely tied. Choose from our wide range of chequing accounts offering low fees and high flexibility to suit your unique needs.

Agriculture Loans

Talk to our Agricultural Account Managers to discuss borrowing strategies that will increase your purchasing power without compromising your bottom line. Our loan products offer competitive rates, declining balance interest calculations and repayment schedules to suit your cash flow.

Revolving Line of Credit

Conveniently access your pre-approved credit limit through any of our chequing accounts whenever you need to purchase inventory or cover operating expenses. The interest is competitive (and much lower than a credit card) and you will receive automatic overdraft protection.

Agriculture Operating Loan

Secure this loan as operating capital for the everyday expenses associated with your farm business. We will pre-arrange a loan that is ready to access when you need to bridge seasonal periods, make emergency purchases and more. You will receive a competitive rate that is calculated on the declining balance. Plus, we will tailor the repayment schedule to fit your cash flow. For your convenience, we will arrange automatic payment transfers on a monthly, semi-annual or annual basis. We offer generous prepayment privileges with no penalties.

Livestock or Equipment Loan

This loan offers many unique features and can be used for the specific purpose of purchasing livestock or equipment. You will receive a competitive rate that is calculated on the declining balance.

We will tailor the repayment schedule to fit your cash flow. Terms range from one year on feeder cattle to longer terms on equipment. We offer generous prepayment privileges with no penalties.

FIMCLA (Farm Improvement and Marketing Cooperative Loan)

The FIMCLA program offers an economical way to make major purchases and develop your farming business. This government guaranteed loan / mortgage is available for individuals seeking funds to maintain or improve production capability or for cooperative associations developing efficient processing, distribution or marketing processes.

Funds are available as mortgage or non-mortgage for 80% lending value of land, equipment, livestock and other purchases. At Crossroads Credit Union, we offer very competitive rates and calculate interest on your declining balance. We will tailor your repayment schedule to meet your cash flow (monthly, semi-annual or annual payments).

Agriculture Mortgages

We are proud to offer conventional mortgage packages that will literally save you thousands of dollars on your mortgage! Our mortgage packages are the most competitive in the industry.

We will guarantee our quoted interest rate for up to 60 days from the date of application and if the posted rate goes down, so does yours!

The Best Terms...

Our expert staff will walk you through our agricultural mortgage options. We also recognize that as a farmer, your cash flow fluctuates throughout the year. We will set up a repayment schedule that suits your unique needs.

1-5 year open term (permits you to make prepayments or pay out at any time)
1-5 year closed terms (you may also be permitted generous prepayments on a closed mortgage without penalty)
Amortization terms up to 25 years
Monthly, quarterly, or semi-annual payment options are available to meet your cash flow
For your convenience, we will arrange automatic funds transfer
Monthly statements provide details of all transactions

We will automatically contact you with a mortgage renewal agreement two weeks prior to the maturity date. You will receive our most competitive rate and if the rate declines on or before the actual maturity date, you receive the lower rate.