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    Apply For Your Recruit Loan

    OPC Recruit Loan

    It's easy and fast to apply for your loan online!
     

    Apply for a Recruit Loan

     

    Membership eligibility

    To be eligible for membership and obtain your Recruit loan with The Police Credit Union the following requirements must be met:

    1. You must be 18 years of age or older and a resident of Ontario
    2. You must be an employee or retiree on pension from a police service in the Province of Ontario. Membership is also available to all employees of related police associations and police organizations in the Province of Ontario. Family members are welcome too.

    Have these items ready to sign up:

    1. Valid ID (Passport, driver’s license, government issued ID)
    2. Previous Address if at current address less than two years
    3. Previous Employment if at current employer less than two years
    4. Annual Income from all sources
    5. Assets and Liabilities (only required if applying for a lending product)

    You will need  approximately 30 minutes to complete the process, not to worry if you run out of time, as your application can be saved and completed at a later time. If you need assistance, please call our Member Solutions Centre at 1-800-561-2557.
     
     

    READY TO JOIN THE POLICE CREDIT UNION?

    CHOOSE FROM OUR REWARDS OR NON REWARDS OPTIONS SHOWN BELOW

    Base rates start at 7.50% for Non Rewards and 5.50% for Rewards Program with additional discounts available if you choose to add optional insurance to your loan.
     

    Joining the Rewards Program

    To join the Rewards Program, simply direct your full payroll or pension deposits to your Rewards Chequing account and process your day to day transactions for free. Or choose the Rewards Loyalty or Premium Rewards Chequing Accounts where depositing your payroll is optional but for a low monthly fee enjoy unlimited day to day transactions in addition to other perks shown below. You will also get our lowest interest rates on borrowing and our highest rates on savings and investments.

    Rewards Chequing Account

    Rewards Chequing Account

    Rewards Loyalty Account

    Rewards Loyalty

    Premium Rewards Account

    Premium Rewards

    • Full Pay into Police Credit Union – use as primary account
    • No monthly fee / No minimum balance required
    • Free day-to-day banking covers:
      • Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network
      • 4 Free Interac e-money transfers
      • No Loan Application Fee & Discount on Loan Rate
    • Full Pay into The Police Credit Union optional
    • $11.95 per month / fee waived with minimum balance of $2,500 always maintained in the account 
    • Fee / Maintaining Minimum Balance covers: 
      • Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network 
      • 10 Free Interac e-money transfers 
      • No Loan Application Fee & Discount on Loan Rate 
    • Full Pay into The Police Credit Union optional
    • $19.95 per month / fee waived with minimum balance of $5,000 always maintained in the account 
    • Fee / Maintaining Minimum Balance covers: 
      • Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network 
      • Unlimited Free Interac e-money transfers 
      • No Loan Application Fee & Discount on Loan Rate 
     

    Choose Non-Rewards if you are not interested in a Rewards Chequing Account


    A pay as you go chequing account will be automatically opened for you to facilitate the payment of your Recruit Loan.
    Non Rewards Pay as you go chequing account

    Non-Rewards Pay-As-You-Go Chequing

    Subject to day-to-day  banking fees
    No discount on your Recruit Loan Rate
    $145 Application fee applies.
     
     
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