Continuing Education Line of Credit

Build the Career You Want!

Continuing Education Line of Credit

  • For members advancing their careers through postsecondary education
  • Available for full- and part-time studies
  • Maximum borrowing limit of $40,000
  • Interest-only payments required while enrolled in the course
  • Remaining balance converts to a loan with a 5-year term

We know how important education can be to your future. That's why we offer a product designed exclusively with this goal in mind: the Continuing Education Line of Credit. If you're thinking of returning to a postsecondary educational institution to advance your policing career, we've got the answer to your borrowing needs.

Advance Your Career, Faster
Today, most Police Services are placing a greater emphasis on educational qualifications, especially for higher ranking positions. This is a growing trend in the policing community and an important factor to keep in mind as you develop your career plan. But going back to school can be expensive, especially when you have a family, a mortgage or other financial obligations.

The Continuing Education Line of Credit will ease the financial burden of your educational expenses so that you can achieve your career goals faster. You don't have to wait and worry about saving enough money to pay for tuition and books. Now, you can go back to school because your Credit Union is there to help.

Quick, Convenient Approvals
Setting up a Continuing Education Line of Credit is quick and easy. All you have to do is provide a proof of enrolment letter from the educational institution you'll be attending and confirm the potential costs of your education, such as tuition, books, etc. Once you've submitted all the documents, your MSO will take care of the application process. The credit line is available for both full- and part-time studies and you can borrow up to a lifetime maximum of $40,000*.

Interest-only Payments for One Year
We make it easy for you to pay off the Line of Credit, too. Once you've finished your education and don't need any more funds, your Line of Credit is capped at its current balance. For the first year, your line of credit payments are interest-only, although you can make bigger payments if you want. After that, any remaining balance is converted to a regular loan with a maximum term of five years.

Get Started Today!
In today's competitive and rapidly changing world, continuing education is a valuable commodity. It adds new skills to your resume and helps you stand out when you're applying for a job or promotion. So don't wait another day to kick-start your career - talk to your MSO about our Continuing Education Line of Credit and take control of your future now!

*On Approved Credit

 

 

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