The Salary Advance is a revolving credit facility up to a maximum of $40,000 or one third (1/3) of the member's net salary for the last three months. This facility is granted to members who operate a Salary Deposit Account. Once the facility is approved funds are available at any of the ATM's or Point of Sale locations on the Multi-link network.
Loan is repaid within a month in full by the Salary immediately upon deposit to the account.
Net salary must come directly to the Credit Union from employer.
Processing fee applicable