Member Services — Loans

Crossroads Credit Union offers loans of various types. All loans have competitive interest rates and repayment schedules that are established to suit the member's individual needs and income patterns.

RRSP Top Up Loan
CU Line
Residential Mortgage
Add-On Mortgage
Online Lending Form

If you are interested in applying for a loan, mortgage, or line of credit with Crossroads Credit Union please contact us, or a member of our lending team.

CANORA BRANCH Phone: 306.563.5641

Cathy Deighton cathy.deighton@crossroads.ca	Todd MacMurchy todd.macmurchy@crossroadscu.ca	Bryan Heshka bryan.heshka@crossroadscu.ca

STURGIS BRANCH Phone: 306.548.2963	PREECEVILLE BRANCH Phone: 306.547.3213

Barb Leason barb.leason@crossroadscu.ca	Gerard Kiefer gerard.kiefer@crossroadscu.ca	Jason Peterson jason.peterson@crossroadscu.ca

WADENA BRANCH Phone: 306.338.2581

Lynn Haarstad lynn.haarstad@crossroadscu.ca	Robby Bilokraly robby.bilokraly@crossroadscu.ca

RRSP Top Up Loan

Here's an innovative way to take full advantage of your maximum RRSP contribution limit. Borrow the money now, and take up to 10 years to pay it back!

Loan is at Prime Rate all year
Minimum loan amount $500
Minimum monthly payment $75
Loan can be repaid at any time, without penalty
Financial Insurance Protection is available
No loan application fee
Loan applies to all RRSP investments offered by Crossroads Credit Union and MemberCARE® Financial Services

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CU Line

This is a line of credit product where you obtain a pre-approved credit limit that you can borrow against at anytime without having to arrange a loan each time. You can access the line at anytime, whenever you want, by visiting a branch, phoning. The minimum line is $5000.

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Residential Mortgage

This mortgage is ideal if you are looking for complete flexibility and control over your mortgage

Features:

We offer Open, Closed, and CMHC Mortgages
Pay your mortgage off sooner by choosing a more frequent payment plan: weekly, biweekly, bimonthly, monthly
Up to 60 days on pre-approved mortgage
If you expect rates to fall, you can buy the lower rate
Use the allowable room in your appraisal value to finance your renovation, landscaping or new car
If you move out of the Crossroads Credit Union trading area, you can pay out your mortgage without penalty
If you need to take a break from your mortgage payment due to unexpected financial changes take a break for 1 month. (Subject to credit approval)

Mortgage Cash Back

All new Residential Mortgages and transfers of Residential Mortgages are eligible for cash back up to 3%.

CMHC and conventional loans are eligible
Minimum loan amount is $20,000
Borrowers must choose a three year term or greater

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Add-On Mortgage

You can use the equity in your home (the difference between your current mortgage balance and the original mortgage) to apply for a loan that is added to your mortgage loan. This is a convenient way to finance renovations or landscaping or other major purchases at a lower interest rate than a new loan.

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