Investments
Investment Loans
Mortgages
Loans and Lines of Credit

Investments

RRSP Advantage Account
RRSP variable accounts exist as a type of temporary holding spot for your RRSP funds. As you accumulate funds throughout the year our advisors can help you invest in other RRSP funds.

RRSPs/ RRIFs
Want to invest for your Retirement? Or maybe you have reached the age where your retirement fund has come into use. At any stage of life, Niagara Credit Union has Advisors that can assist you in making the right decisions and choosing the right retirement products. There are many options including 1-5 year term deposits, 30-364 day short-term deposits, Market Secure GIC’S, stocks or mutual funds bought through Credential.

Term Deposits
Niagara Credit Union term deposits allow you to invest small or large amounts of money for short or long time periods of time.

Promotional 5 Year Rate Builder - This special registered product is available at select times of the year and offers an interest rate that is guaranteed to increase each year for 5 years.

Special Length Term Deposits - Niagara Credit Union special length term deposits allow you to invest in odd length terms that let you to better ladder your investments.

3-Year Premium Flexi Certificate - Available at select times of the year, the 3-Year Premium Flexi offers escalating interest rates that are guaranteed to increase each year.

5 Year Market Secure GIC- A term deposit that pays a rate of return based on the performance of the S&P/TSX 60 stock market while providing a 100% principal guarantee.

Self Invest with Q-Trade
Looking to self invest? Check out our various Q-trade options.

RRSP Loans and Line of Credit

RRSP Top-Up Loans
The RRSP Top-Up loan will help you to maximize your contribution and take advantage of any unused contribution room to a maximum of $50,000. This one time unsecured loan is available year-round and can help you save on your taxes.

RRSP Loans
Fulfill your current year’s RRSP contribution room and even defer your loan payments for four months, while you’re waiting for your tax refund! An unsecured RRSP Promotional loan is available from January 1 to March 1 when you’re investing in NCU-sponsored RRSP products.

RRSP Line of Credit
The unsecured RRSP Line of Credit is an anytime you need it loan allowing you to invest your entire contribution limit each year without reapplying for a loan. Available all year round, you can invest when the time is right for you, without worrying about having the proper funds.

Mortgages

NCU Niagara Now Mortgage
Saving the down payment for your dream home can take time – sometimes too much time - and your dream can vanish in a hot housing market. Niagara is here to help make your dreams a reality.
The Niagara Now Mortgage can help you get into your new home faster by one of two possible solutions. NCU will either pay on your behalf the 5% minimum down payment* or allow you to provide your down payment from borrowed funds, gifts or sweat equity.

NCU “Better Than Market” Mortgage
A fixed-rate mortgage that gives you the best rate available in the market - without having to negotiate. Moving into a new home? Buying for the first time? Looking to renew or switch your current mortgage, the Better Than Market Mortgage offers you the security of a fixed rate and prepayment options that are second to none!

NCU Fixed Rate Closed Mortgage
This mortgage offers you security against changing interest rates and the peace of mind to always know exactly what your payments will be making budgeting easy! Choose from a variety of term lengths to suit your needs.

NCU Fixed Rate Open Mortgage
Enjoy the best of both worlds with the flexible option to repay your mortgage at any time with no penalty and the security of knowing that you are locking into a specific rate and payment date for the entire term. This one year term mortgage can help you become mortgage free faster.

NCU Fixed Rate A.R.M.
This six month ARM (automatic renewing mortgage) allows you to enjoy the best of both worlds with the flexible option to repay your mortgage at any time with no penalty and the security of knowing that you are locking into a specific rate and payment date for the entire term. Your mortgage renews itself every 6 months; you don’t have to lift a finger and you know that you are getting the best possible rate for each six-month period.

NCU Variable Rate Mortgage (5 Year Closed)
Whether you are buying your first home or planning on moving to a new one, the 5-year closed variable rate mortgage offers flexibility. This mortgage takes advantage of changing rates by offering an interest rate that is at least .25% below prime.

NCU Variable Rate Mortgage (5 Year Open)
This mortgage takes full advantage of current interest rates while providing the flexibility to pay down your mortgage at any time without penalty- now that’s mortgage freedom!

NCU 6 Month Convertible Mortgage
This mortgage offers you security against changing interest rates and the peace of mind to always know exactly what your payments will be. The six-month term lets you lock into a fixed rate for now and convert to a longer closed mortgage at any time without penalty.

Vacation Home Mortgage
Buying a retreat for a little peace and quiet? A different setting for complete relaxation? Niagara Credit Union’s no fuss vacation mortgages make buying that second property not only relaxing but also affordable.

NCU Self-employed Mortgage
Designed specifically for members who are self-employed or totally commission based, this mortgage solution uses a straightforward credit approval process. Often it is difficult to find a bank that will help with your home financing needs but Niagara Credit Union is here to help. Niagara can help you borrow new funds for resale home purchases or new home construction or refinance your existing mortgage for a variety of purposes.

Mortgage Loans and Lines of Credit

NCU Creditline
A Creditline is a line-of-credit that is attached to a your personal NCU chequing or Maximiser account to provide overdraft protection. Your Creditline is also available when you need to borrow small amounts, without the hassle of applying for a loan.

NCU Home Equity Meritline™
This revolving line of credit for amounts of $5000 and higher, uses your home equity to finance home improvements, additions or big-ticket items. It is an "anytime you need it" loan, that you only need to apply for once.

NCU Secured and Unsecured Meritline™
Meritline is a revolving line of credit for amounts of $5000 and higher. It is an "anytime you need it" loan, that you only need to apply for once.

NCU Vehicle Loans
Niagara Credit Union can pre approve you for your car loan to make shopping even easier. Visit an advisor in branch to set up your loan before you shop and chose from a competitively priced fixed or variable rate loan for your late model car purchase.

NCU Personal Loan
Doing some home improvements? Need a vacation or consolidating your debts? Buying a car that does not qualify for vehicle financing? Whatever your goal Niagara Credit union has a complete range of loans for every need.