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Does your business require funding for equipment upgrades or additions? The Capital Purchase Line of Credit is a convenient and flexible way for members to achieve the above while keeping operating cash flows at a constant. For the bookkeeper’s convenience the line of credit is attached to a separate chequing account than the operating line of credit making it easy to keep expenses separate. This line of credit will also save you time and money since you will not have to apply every time you want to make a purchase. Access to unused funds will already be in your line of credit, talk about convenient.


  • Separate line of credit (attached to separate chequing account) from day-to-day operating expenses
  • Repayment is based on 60 month amortization and maximum amount of line of credit
  • Payment is simply transferred from operating account to capital account
  • As payments are based on line of credit limit, if full line of credit isn’t utilized members have the ability to transfer funds back to operating account
  • Repayment schedule and actual terms can be tailored to members needs and cash flow
  • No need to apply every time the member wants to make a purchase

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© 2014 Vanguard Credit Union